@jonathancolton
Speculation pulled 716 million people into crypto—181 million monthly active wallets and 40–70 million using it daily. Huge, but fuzzy numbers. And that’s the point: hype can attract crowds, but only real jobs keep them. Distribution isn’t a substitute for clarity. It’s the multiplier. When the job is strong, distribution compounds. When it’s weak, nothing sticks—my thoughts on the "jobs to be done" problem in crypto. https://paragraph.com/@jonathancolton.eth/crypto-doesnt-have-a-distribution-problem-it-has-a-jtbd-problem
I always appreciate @a16zcrypto State of Crypto.
https://a16zcrypto.com/posts/article/state-of-crypto-report-2025/