a16z Launches State of Crypto Index to Track Crypto Industry from Technological Perspective

a16z Launches State of Crypto Index to Track Crypto Industry from Technological Perspective

a16z announced the launch of the State of Crypto Index, an interactive tool to track the health of the crypto industry from a technological, rather than financial, perspective. The index represents the weighted average monthly growth of 14 industry metrics, including the number of active developers, verified smart contracts, active addresses, and job search interest.

Meanwhile, a16z released the 2023 State of Crypto Report, which pointed out 7 key takeaways from the crypto industry in 2023. They are:

  • Blockchains have more active users, and more ways to engage
  • DeFi and NFT activity appear to be rising again as promising new uses and applications emerge
  • The number of active developers in the crypto industry has held steady
  • Blockchains are scaling through promising new paths
  • New technologies, once practically impossible, are becoming very real
  • The U.S. is losing its lead in Web3
  • Zooming out shows progress across key indicators

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

a16z

Latest News More More
17 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open