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Methodology: Total Value Locked (TVL) represents the aggregate value of assets (in USD) held in smart contracts of all the protocols on each chain, with the underlying data sourced from DefiLlama. The top 10 chains in the most recent month are shown individually, with the remaining tracked chains grouped into “Other.”
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Methodology: Mobile wallet users represent the estimated number of mobile wallet users (iOS and Android) across all tracked crypto mobile wallets during the month.
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a16z crypto internal data
Methodology: Shows the blockchains that founders say they are — or are interested in — building on, based on a16z crypto’s investment team analysis. Sized based on the relative number of builders in each ecosystem. This data does not include all builders and is meant to be for informational purposes only.
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Methodology: Shows a breakdown of the areas in which projects are building, based on a16z crypto’s investment team analysis. Sized based on the relative number of builders in each category. This data does not include all builders and is meant to be for informational purposes only.
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Methodology: Shows the technologies that builders are using across categories, based on a16z crypto’s investment team analysis. Sized based on the relative number of builders at the intersection of each category and technology. This data does not include all builders and is meant to be for informational purposes only.
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Methodology: Shows where crypto founders say they're based, from a16z crypto’s investment team analysis. Sized based on the relative number of builders in each location. This data does not include all builders and is meant to be for informational purposes only.
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All figures reflect data as of the prior month-end and are updated on the first day of each month, unless otherwise noted; the content speaks only as of the date indicated. Please note this does not include all builders or founders, only those interviewed by a16z. Content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to purchase or sell any asset. An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund. Charts and graphs provided within are for reference only, and should similarly not be relied upon when making any investment decision.
Certain information contained herein has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the current or enduring accuracy of the information or its appropriateness for a given situation.
Any investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments in vehicles managed by a16z and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by a16z is available here: https://a16z.com/investment-list/.
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