<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/researchers-estimate-crypto-user-numbers-soar" data-wpel-link="internal" rel="noopener noreferrer nofollow">Researchers Estimate Crypto User Numbers Soar</a><br></p>
<p style="text-align: justify">A recent study by Andreessen Horowitz (a16z), a leading venture capital firm in the cryptocurrency space, has revealed that the number of active crypto users may be significantly higher than previously thought. This analysis presents a challenge, as many individuals hold multiple addresses for reasons such as security, leading to difficulties in accurately counting distinct users.</p>
<h2 id="how-do-researchers-count-crypto-users">How Do Researchers Count Crypto Users?</h2>
<p style="text-align: justify">To arrive at their estimates, the a16z team filtered out addresses tied to distribution contracts and those with negligible balances that were highly active in transactions during a limited timeframe. This process aimed to minimize double-counting, acknowledging that users may operate several addresses across different networks and exchanges.</p>
<h2 id="can-we-trust-the-user-estimates">Can We Trust the User Estimates?</h2>
<p style="text-align: justify">Eddie Lazzarin and Daren Matsuoka utilized both on-chain and off-chain data to make informed projections. They emphasized the disparity between human users and automated bots, noting that while the former can only manage a certain volume of transactions, bots can handle significantly more.</p>
<p style="text-align: justify">The findings suggest that there are currently between 30 to 60 million genuine crypto users each month, which is about 14-27% of the 220 million active addresses recorded in September. Interestingly, this represents just 5-10% of the 617 million crypto owners cited by Cryptocom in June, indicating a massive untapped market.</p>
<ul>
 <li>30-60 million monthly active users identified.</li>
 <li>This translates to 14-27% of monthly active addresses.</li>
 <li>Disparity signals opportunities for user engagement and growth.</li>
</ul>
<p style="text-align: justify">As the cryptocurrency landscape evolves with innovative applications and enhanced infrastructure, there is a growing likelihood that many passive investors will transition into active users, marking a pivotal point for the industry’s expansion.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/researchers-estimate-crypto-user-numbers-soar" data-wpel-link="internal" rel="noopener noreferrer nofollow">Researchers Estimate Crypto User Numbers Soar</a></h5>

Researchers Estimate Crypto User Numbers Soar

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