Wen Crypto's chatGPT Moment

I saw a tweet the other day that made me stop and think.

@aeyakovenko

Now there’s obviously an ideological bend to Anatoly’s remark here. Let’s ignore that for now. The part that made me stop and think was Anatoly’s honesty: his admission that there are no breakout products in crypto (yet). Despite all the hype, shmoney and years of developer activity — there’s still no breakout product.

So, at a high level, what does the state of crypto adoption look like?

Well, Bitcoin has seen the total number of addresses trend up over time. But it’s important to note that 1 address ≠ 1 human being.

Also, when you transform the data above into year-over-year growth rates, they’re good… but not chatGPT-level great.

The same is largely true for Ethereum. On-chain addresses have trended up over time.

But — similar to Bitcoin — address growth on Ethereum has slowed.

 

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