Introducing the 2022 State of Crypto Report

We estimate there are somewhere between seven million and 50 million active Ethereum users today, based on various on-chain metrics. Analogizing to the early commercial internet, that puts us somewhere circa 1995 in terms of development.

5) Yes, it’s still early 

Ethereum dominates the web3 conversation, but there are plenty of other blockchains now too.

4) Ethereum is the clear leader, but faces competition

For underserved and unbanked populations – 1 billion of whom have mobile phones – crypto offers a shot at financial inclusion. Flowcarbon is revamping carbon credits by making these increasingly important units of account transparent and traceable on blockchains. DAOs, or decentralized autonomous organizations, show how strangers can coor... See more

3) Crypto is having a real-world impact

The take-rates of web2 giants are extortionate; web3 platforms offer fairer economic terms.

2) web3 is much, much better for creators than web2

Markets are seasonal; crypto is no exception. Summers give way to the chill of winter, and winter thaws in the heat of summer. Advances made by builders during dark days eventually re-trigger optimism when the dust settles. With the recent market downturn, we may be entering such a period now.