A16z: The annual trading volume of stablecoins has reached 46 trillion dollars, which is 20 times that of PayPal.

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According to Mars Finance, on October 23, a16z released the “State of Crypto 2025” report, which pointed out that the crypto market is still expanding and showing a cyclical feedback characteristic of “price-developer-user.”

The use of encryption is global, but the fastest-growing area of on-chain activity comes 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 an annual trading volume of 46 trillion, which is 20 times that of PayPal and 3 times that of Visa.

ETH-1.11%
SOL-2.79%
BTC-0.24%
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