Andreessen Horowitzpublished by (a16z) 2025 State of Crypto Report It reveals that the sector has now entered a period of maturity. According to the report, rapid adoption by institutional investors on a global scale, clarified regulations and advanced infrastructure solutions have enabled cryptocurrencies to gain a permanent place in the financial system. The company said, “The story of 2025 cryptocurrency marketHe highlighted the milestone reached with the phrase “the maturation of .
Institutional Adoption and the Rise of Stablecoins
According to a16z’s data, the number of monthly active users in the Web3 space is between 40 and 70 million. Although there has been an increase of 10 million in the last year, this number is still global cryptocurrency It represents only a small fraction of its owners. It is estimated that around 716 million people worldwide own cryptocurrencies. The report stated that this user base is becoming increasingly professional and their Web3 experiences are diversifying.
According to the report stablecoin The ecosystem made a historic leap in 2025. Thanks to the GENIUS Act that came into force in the USA, legal uncertainty has been eliminated and trust in digital dollar-like assets has increased. Total stablecoin transaction volume reached $9 trillion in the last 12 months. For comparison, PayPal’s annual transaction volume is $1.7 trillion. Report, stablecoin marketHe pointed out that it has become a stable source of demand for US treasuries.
TradFi and the Rise of New Uses
a16z stated in its report that the trend of traditional finance giants towards the cryptocurrency market is also gaining momentum. It was emphasized that institutions such as Fidelity, JPMorgan, Mastercard and Visa have joined the sector in the last 12 months. With this development, the transaction capacity of Blockchains increased 100 times in the last five years, increasing to 3,400 per second. Increased corporate participation has significantly strengthened market liquidity and confidence.
According to the report, 2025 was also the year when new cryptocurrency usage areas came to the fore. Perpetual futures trading, prediction markets, and tokenization of real-world assets have moved into the mainstream. a16z stated that all these developments have made the cryptocurrency market not only a financial experiment area but also a part of the global infrastructure. In particular, tokenization and intra-Blockchain derivative products were among the most notable trends of 2025.
