a16z's State of Crypto: The $4 Trillion Milestone and What's Next'
About this episode
From the show’s notesThe regulatory environment has completely inverted. Stablecoins are now a top 20 holder of US treasuries. Every major bank wants in. In a16z Crypto's 2025 State of Crypto report, Daren Matsuoka (Head of Data) and Eddy Lazzarin (CTO) reveal how crypto hit $4 trillion market cap while fundamentally reshaping how institutions think about payments, with surprising data on why developers aren't following prices this cycle and what privacy's inevitable rise means for mainstream adoption.
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Read the show’s notes in full
Follow Eddy on X: x.com/eddylazzarin
Follow Daren on X: x.com/DarenMatsuoka
Follow Robert on X: x.com/rhackett
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