Introducing the 2022 State of Crypto Report

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

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.

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

5) Yes, it’s still early 

download a16z crypto’s full 2022 report here: https://a16z.com/wp-content/uploads/2022/05/state-of-crypto-2022_a16z-crypto.pdf

1) #1 We’re in the middle of the fourth ‘price-innovation’ cycle

4) Ethereum is the clear leader, but faces competition

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.

3) Crypto is having a real-world impact