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a16z: Stablecoin Annual Trading Volume Reaches $46 Trillion, 20X PayPal

By: theblockbeats.news|2025/10/22 16:17:53

BlockBeats News, October 23rd, a16z's "State of Crypto 2025" report pointed out that the crypto market is still expanding and showing a "price-developer-user" feedback loop feature.

Crypto usage is global, but the region with the fastest-growing on-chain activity comes from developing countries; developers are most active in the Ethereum (including L2), Solana, Bitcoin, and other multi-chain ecosystems. Furthermore, stablecoins have become a widely discussed topic, with an annual transaction volume of $46 trillion, 20 times that of PayPal, and 3 times that of Visa.

Andrew Kang closes his 25x ETH long position, loses $62,000

ENA experienced a brief 10% flash crash, liquidating the associated address of Andrew Kang on Hyperliquid.