2025: The year crypto matures, the on-chain era begins, blockchain accelerates 100 times

The Crypto Report 2025 (State of Crypto 2025) shows that the cryptocurrency industry has surpassed its infancy stage, becoming a significant part of the modern economy, with a massive influx of institutional capital and the dominance of stablecoin.

The year 2025 is marked as the year the crypto industry officially matures. According to the latest report from a16z Crypto, the persistent infrastructure improvement efforts of developers over the past three years have made encryption an indispensable component of the global economy, reinforcing the trend of 'the world going on chain' (onchain).

The overarching theme of the report is the maturation of the industry, as reflected in the highlights:

Global Market Reaches $4 Trillion

The scale of the crypto market is expanding and developing strongly.

In addition to the participation of organizations, a16z estimates that the number of cryptocurrency users per month has increased from 40 million to 70 million | Source: a16z CryptoMeanwhile, the on-chain economic dynamics are shifting. Hyperliquid and Solana currently account for up to 53% of the economic activity generating revenue (“real economic value”), a significant difference from the dominance of Bitcoin and Ethereum in previous years.

The Strong Infiltration of Traditional Finance

The year 2025 is dubbed the Year of Institutional Adoption (.

Stablecoin: The New Backbone of Global Finance

Nothing signals the maturity of crypto more clearly than the rise of stablecoin.

![])https://img-cdn.gateio.im/webp-social/moments-3c517131671a621ae1a09ab87a1e8d5b.webp(Stablecoin is rapidly emerging as one of the most practical applications in cryptocurrency | Source: a16z Crypto## The Infrastructure is Ready and the Crypto-AI Convergence

This growth is supported by significant advancements in blockchain technology.

![])https://img-cdn.gateio.im/webp-social/moments-5a353bc459aa0f0d3cc75599c2ec8323.webp(

Along with that, the convergence between Crypto and AI is becoming evident. Decentralized identity systems like Worldcoin, which have verified over 17 million people, provide “proof of human” )proof of human( to distinguish between humans and bots—addressing one of the most pressing challenges of AI. Blockchains are also seen as a counterbalance to the increasing centralization of AI systems )OpenAI and Anthropic control 88% of the revenue of “AI-native” companies(.

Moving Forward

With the clarity of regulations restored in the U.S. through the passage of the GENIUS Act and the CLARITY Act, the path for tokens to generate real revenue through fees has been opened. Acceptance from TradFi, the expansion of stablecoins, and the improvement of infrastructure have created a perfect context for cryptocurrency to transition into a phase of widespread adoption.

Conclusion report: The industry has the necessary infrastructure, distribution, and upcoming clarity on regulations to make this technology mainstream. It's time to upgrade the financial system, rebuild global payment networks, and create an internet that the world deserves.

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