a16z in its 2025 State of Crypto Report stated that annual stablecoin transaction volume reached $46 trillion (adjusted to $9 trillion), monthly active crypto wallet users ranged from 40 to 70 million, and blockchains are now processing over 3,400 transactions per second.

The total crypto market capitalization has surpassed $4 trillion. a16z described the industry as moving from its “adolescence” into “adulthood.”

Everybody is talking about stablecoins.They’ve done $46 trillion in annual transactions, 20× PayPal, 3× Visa. They’re also one of the best ways to send a dollar: fast, cheap, and global. More than 1% of all U.S. dollars now exist as stablecoins on public blockchains.

Altogether, stablecoins hold over $150 billion in U.S. Treasuries—more than many sovereign nations.

$175 billion sits in Bitcoin and Ethereum ETFs, which make crypto more accessible to institutions and investors.

AI and crypto aren’t competing — they’re converging. AI needs identity, payments, and provenance tracking. Crypto provides all three. Together, they’re shaping a more open internet—one where both money and intelligence move freely.