tl;dr
Researchers at Andreessen Horowitz (a16z) estimate there are 30–60 million "real" monthly crypto users, based on a new analysis conducted by Eddy Lazzarin, the CTO for a16z Crypto, and Daren Matsuoka, a data scientist at the firm. Despite measuring 220 million unique monthly active addresses in Sept...
Researchers at Andreessen Horowitz (a16z) estimate there are 30–60 million "real" monthly crypto users, representing 14-27% of the measured monthly active addresses and 5-10% of the global crypto owners reported in June. This estimation is based on a new analysis conducted by Eddy Lazzarin, the CTO for a16z Crypto, and Daren Matsuoka, a data scientist at the firm.
Despite measuring 220 million unique monthly active addresses in September, the researchers explain that this does not equate to 220 million users, as people often create multiple public addresses for various reasons. By using on-chain analytics, forensics, and off-chain data sources, the researchers filtered out certain addresses and estimated the number of actual crypto users. They also note the potential to convert passive crypto holders into active users with the development of new apps and consumer experiences.
The researchers emphasize that calculating crypto users can be challenging due to people creating multiple public addresses for security or airdrop farming. To address this, Lazzarin and Matsuoka filtered out addresses that received funds from dispersion contracts and those with near-zero balances at the beginning and end of September, as well as addresses with many transactions over a very short period of time. They also analyzed off-chain data sources, such as MetaMask's monthly active wallet users.
Based on their analysis, the researchers estimate that there are 30–60 million real monthly crypto users today, which is just a fraction of the 220 million monthly active addresses measured in September and the 617 million global crypto owners reported by Crypto.com in June. This gap suggests a significant opportunity to convert existing passive crypto holders into active users, especially as infrastructure improvements enable new and compelling apps and consumer experiences in the crypto space.
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Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 47,237,390,000
Dividend Yield: None
EPS: -1.87
P/E Ratio: 2.901
Return on Equity: -0.437
Revenue: 480,634,000
Stock Price: 201.97
Volatility: -0.775
Beta: -0.074
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Sector: MANUFACTURING
Industry: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
Market Cap: 15638043000
Current Price: 44.74
PE Ratio: 2.4
EPS: 5.78
Dividend Yield: 31.9
Beta: 0.181
Revenue: 1928490000
Shares Outstanding: 172
Profit Margin: 0.004
Operating Margin: 0.033
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