5 surprises from a16z's "State of Crypto 2025" report
Every year, Andreessen Horowitz (a16z) publishes one of the industry’s most anticipated crypto reports. It shows where the market is truly heading — beyond the noise and memes.
This year’s 2025 analysis delivered a few surprises no one saw coming. Here are the five most interesting takeaways that made us say, “seriously?!”
The “Treasury Effect” is already tilting toward Ethereum
In recent years, companies like MicroStrategy have been buying Bitcoin in industrial quantities. But according to the report, the impact of Digital Asset Treasuries (DATs) on circulating supply is now stronger for Ethereum, even though the total dollar amount is five times smaller than in Bitcoin.
The reason? ETH is a lower-priced asset, so each purchase reduces circulating supply more noticeably. The lower the supply, the higher the potential for price appreciation.
Australia ranks #1 globally for crypto web traffic per capita 🇦🇺
Not the U.S., not Japan… but Australia tops the chart.
Local users are among the most active online when it comes to DeFi, NFTs, and exchange activity — a strong sign that crypto is becoming part of everyday life even in smaller markets.
Base Chain has overtaken Solana in developer interest
While Solana remains one of the leading networks for open-source activity, Base is registering an impressive surge in developer attention.
This trend suggests more teams and indie builders see Base as fertile ground for new projects.
If this interest turns into real app building, we could see a genuine boom in dApps, NFTs, and DeFi solutions across the Base ecosystem.
Stablecoin transactions no longer track overall crypto trading volume
That’s a sign of organic adoption.
USDC, USDT, and other stablecoins are increasingly used for real payments — salaries, services, even cross-border transfers — rather than speculation.
More money in stables = more capital staying inside the crypto economy. That points to greater stability and growth.
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NFTs aren’t “coming back”… they’re already back
Data shows that monthly active NFT buyers are at an all-time high.
One reason? New platforms like Zora, integrated into Coinbase, where images and posts function as an NFT feed — think Instagram for Web3.
Is this the push NFTs needed? It certainly looks that way.
What does this mean for the Bulgarian market?
The a16z report makes it clear: the crypto industry is maturing. Trends like Ethereum’s rising influence, Base’s expansion, and real-world stablecoin usage point toward a more resilient and practical direction.
If you want to ride this wave without unnecessary complexity, Altcoins.bg offers the fastest way to buy and sell crypto in BGN or EUR — easy, local, and secure.
So… which of these five surprises impressed you the most? 🤔
Share your thoughts and see what others think in our Telegram group!
