Daren Matsuoka
@darenmatsuoka
The crypto industry is maturing. At the end of last year, we proposed 5 metrics to watch closely in 2025 to track the industry’s continued growth and development. Here’s what the data looks like halfway through the year. 👇
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Daren Matsuoka
@darenmatsuoka
1/ Monthly mobile wallet users: +23% 2025 average: 34.4M monthly active mobile wallet users 2024 average: 27.9M monthly active mobile wallet users Why it matters: Wallet infrastructure has significantly improved — we have low transaction fees, new account abstraction protocols (EIP-7702), embedded wallet products (Privy, Turnkey, Dynamic), etc. Now is a better time than ever to build a next-generation mobile wallet. Relevant news: - This month Stripe acquired Privy — a leading wallet infrastructure provider. Source: a16z crypto (as of May 2025)
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Daren Matsuoka
@darenmatsuoka
2/ Adjusted stablecoin transaction volume: +49% 2025 average: $702B monthly adjusted stablecoin volume 2024 average: $472B monthly adjusted stablecoin volume Why it matters: Stablecoins have found product market fit. We can now send dollars in less than 1 second, for less than 1 cent — making stablecoins a great product for payments. Big financial institutions are embracing this opportunity. Relevant news: - USDC issuer Circle went public on the New York Stock Exchange - Stripe acquired stablecoin infrastructure provider Bridge and announced a handful of new products - Coinbase released an agentic payments standard with support for stablecoin payments - Visa and Mastercard enhanced stablecoin support - Meta is reportedly in talks to introduce stablecoins as a means for payouts Source: Visa (as of June 2025)
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