1/ The State of Crypto 2024 report by @a16z highlights the explosive growth of #DeFi 📊 🚀

🧑‍💻 With 3⃣4⃣% of daily active addresses, DeFi now leads the crypto space, closely followed by stablecoins at 32%.

🧑‍🔧 Builders are MORE focused on DeFi than nearly any other blockchain category, showing how decentralized finance continues to inspire innovation.

📈 Since Summer 2020, DEXs have grown to capture 1⃣0⃣% of spot trading volume - up from virtually 0% just 4 years ago.

💰 With more than $1⃣6⃣9⃣B locked across various protocols, DeFi powers staking, lending, and other financial activities, providing freedom and transparency beyond traditional systems.

🏦 Meanwhile, the number of U.S. banks has DROPPED by two-thirds since 1990, with power now consolidated into fewer hands. DeFi offers a decentralized alternative, empowering users worldwide with open access to financial services. 🌐
#DeFi