Chris Dixon (cdixon.eth)

Today we released our latest State of Crypto report. It shares insights on key trends — like stablecoins, L2s, and AI — plus, crypto’s rise as a policy issue, new data on builders and users, and more. 7 takeaways from the report: 1. Crypto activity and usage hit all-time highs 2. Crypto has become a key political issue ahead of the U.S. election 3. Stablecoins have found product-market fit 4. Major scaling upgrades have drastically reduced onchain transaction costs 5. DeFi remains popular — and it’s growing 6. Crypto could solve some of AI’s most pressing challenges 7. More scalable infrastructure has unlocked new onchain applications Read the full report here: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

• 20 replies
• 273 recasts
• 495 reactions

Same post on Farcaster and X - roughly 2x the engagement on Farcaster 🤔

• 47 replies
• 58 recasts
• 605 reactions

Today’s announcement that Farcaster is now a fully permissionless protocol is a step towards a future of decentralized social networks that I believe will be better for users and other network participants. Here’s why.

• 17 replies
• 98 recasts
• 387 reactions

I’m excited to announce that we’re leading the $15M seed round in @joinlegend to simplify DeFi & help bring the next 100M users onchain. While DeFi activity has grown, it has also become more complex, & remains too complicated for many people to use. Legend is pointing the way to a simpler user experience & broader adoption. Their first product is an embedded smart contract wallet that allows users to borrow, lend, or swap across chains without manual wallet connections or the risk of interacting with malicious websites. Legend’s founders @json, @hayesgm, & @mykel all worked together at DeFi pioneer Compound. Geoffrey was an inventor of the Compound protocol, and a co-founder of Compound Labs. Mykel & Jayson worked together on product and design at Compound Labs before Jayson took the reins as CEO. With their user-facing product expertise and empathy for DeFi developers, the Legend team is perfect to address the UX challenge that’s still hindering DeFi adoption. We’re delighted to support them.

• 36 replies
• 54 recasts
• 403 reactions