Crypto Market Booms: Developer Activity and Stablecoin Growth Surge

A16z’s latest report paints a compelling picture of the crypto market’s dynamic shift, highlighting growing developer activity and the explosive growth of stablecoins. The report reveals that stablecoins have surpassed even Visa in transaction volume, reaching an annual value of $46 trillion, as reported by CoinMarketCap. This trend has driven significant on-chain activity in developing countries, a notable driver behind the market’s expansion.