a16z Releases 2025 State of Crypto Report: Institutional Adoption and Stablecoin Growth Lead Industry Maturation
Andreessen Horowitz (a16z), a leading Web3 investment firm, has published its 2025 State of crypto report, declaring the industry has reached a maturation phase. The findings highlight institutional adoption, stablecoin expansion, and regulatory clarity as key drivers of growth.
Monthly active Web3 users now range between 40-70 million, marking a 10 million increase year-over-year. While significant, this figure represents just a fraction of the estimated 716 million global crypto asset holders.
Stablecoins have emerged as a standout success story, with adoption accelerating following the passage of the GENIUS Act in the United States. The regulatory framework has provided much-needed clarity for institutional participants.