MATURATION OF THE CRYPTO INDUSTRY

Summary from the TLDR Crypto newsletter

Blockchain infrastructure achieved 100x throughput growth over five years, with transaction costs dropping from $24 to cents on L2s, while Solana and Hyperliquid captured 53% of total onchain revenue as the market crossed $4 trillion with 40-60 million active users. Stablecoin supply reached $300 billion with USDe emerging as the third-largest, while RWAs grew 208% to $30 billion and perp DEXs crossed $1 trillion volume, capturing 13% market share, alongside ETPs holding $175 billion, representing 10% of all ETH and BTC. Non-financial sectors saw DePIN projects grow 12x with 100x revenue increase across 13 million active devices, while the x402 protocol enabled AI agent payments projected to reach $30 trillion in autonomous transaction value by 2030, with AI crypto tokens exceeding $800 million market cap.