📊 a16z launched an index of the state of the crypt

a16z is one of the largest crypto funds, which has a great influence not only in crypto, but also in the traditional market.

They recently launched the State of #Crypto index, which evaluates crypto from a technological, not a financial, point of view.

Here are some indicators that form the index: activity of developers, activity of users, volume of transactions on various platforms, interest in blockchain professions, and the like.

It can be said that this index shows the fundamental value of the crypto, and not just follows the prices of various coins.

This approach looks more correct, because the crypto is very volatile and does not always reflect the real value of the technology.

📝 Here are some conclusions that can be drawn from this index:

• The number of active users is growing. Last month, the number of active addresses reached a record high of 15 million, having doubled over the past two years.

• Web3 games are gaining popularity. Last year, 700 new blockchain games were launched. The gaming sector now generates 23 times more transactions in the network than DeFi.

• The number of active developers remains stable. Now there are about 30,000 of them. No one left, despite the difficult 2022. Recently, developers are especially interested in zero-disclosure (ZK) protocols.

• The US is losing its crypto-dominance. Since 2018, the share of crypto developers in the US compared to the rest of the world has fallen by 26%.

This index can be used in combination with others to form an idea of the current state of the crypt. For example, the "fear and greed" or "bulls and bears" index.

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