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A16Z: Annual transaction volume of stablecoin reaches $46 trillion, which is 20 times that of PayPal

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2025-10-22 16:21:59
The "State of Crypto 2025" report published by a16z pointed out that the crypto market is still expanding and presents a "price-developer-user" feedback loop. Crypto usage is global, but the regions with the fastest growth in on-chain activity are from developing countries; developers are most active in multi-chain ecosystems such as Ethereum (including L2), Solana, and Bitcoin.
In addition, stablecoins have become a widely discussed topic, with annual transaction volume of $46 trillion, which is 20 times that of PayPal and 3 times that of Visa.
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