Our latest State of Crypto report is here. The main theme for the year is the maturation of the crypto industry: • Traditional financial institutions and fintechs launched crypto products • DeFi and stablecoins went mainstream • Blockchains got faster and cheaper • The regulatory shift in the U.S. revived builder confidence Find the full 2025 State of Crypto report here: https://a16zcrypto.com/posts/article/state-of-crypto-report-2025/ See below for a few highlights.(a16z crypto)