The decentralized finance ecosystem continues to grow despite recent challenges as overall crypto usage hits record levels, venture capital firm Andreessen Horowitz (a16z) said in a new report.
For instance, September 2024 saw 220 million addresses interact with protocols across the blockchain ecosystem—more than triple the figures recorded in late 2023. About 100 million of these active addresses were on Solana, a blockchain network that has registered a massive spike in activity.
As well as Solana, other networks to see a significant increase in active addresses are NEAR Protocol, Coinbase’s layer-2 network Base, Tron and Bitcoin.
What are your thoughts on this.
Comment down below.
This is really a massive increase. Hope crypto usage increases day by day .
Happy Crypto Hunting guys . 🤘🏻 Show Less
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