# 5 charts that explain crypto right now [podcast]

> As the crypto industry matures, what are the most telling signals of real growth and adoption? We dig into 5 metrics we use to track the market. with @DarenMatsuoka @rhhackett Today we’ve got a midyear market update and news episode for you. At the end of last year, our guest — and resident data wea...

- URL: https://a16zcrypto.com/posts/podcast/5-charts-that-explain-crypto-right-now-podcast
- Authors: [Robert Hackett](https://a16zcrypto.com/team/robert-hackett), [Daren Matsuoka](https://a16zcrypto.com/team/daren-matsuoka)
- Published: 2025-06-20
- Updated: 2026-05-08
- Focus areas: tech trends
- Tags: data insights, podcast
- Format: podcast

---

As the crypto industry matures, what are the most telling signals of real growth and adoption? We dig into 5 metrics we use to track the market.

[Embedded media](https://open.spotify.com/embed/episode/3JlylTcgUTQspfpW4yrFjt/video?utm_source=generator)

**with [@DarenMatsuoka](https://x.com/DarenMatsuoka) [@rhhackett](https://x.com/rhhackett)**

Today we’ve got a midyear market update and news episode for you.

At the end of last year, our guest — and resident data weatherman — Daren Matsuoka put out a post on “[5 metrics to watch in 2025](https://a16zcrypto.com/posts/article/5-metrics-to-watch-2025/).” Most of the metrics that Daren picked measure how crypto’s adoption: from mobile wallet usage and onchain transaction fees to volume across stablecoins, decentralized exchanges (or DEXs), and exchange traded-products. Now that we’re about midway through 2025, it’s time for an update.

**Timestamps:**

(0:00) Introduction

(2:27) Chart 1: Monthly Mobile Wallet Users

(6:16) Chart 2: Adjusted Stablecoin Transaction Volume

(10:01) Chart 3: ETF Net Flows for Bitcoin and Ethereum

(13:30) Chart 4: Decentralized vs Centralized Exchange Volume

(15:50) Chart 5: Total Transaction Fees

(21:46) Emerging Metrics and Industry Insights

(25:07) Recent Industry News and Developments

(27:13) Conclusion

**Relevant news:**

-   Circle, issuer of the USDC stablecoin, went public on the New York Stock Exchange exchange on June 5 and there was extremely strong demand for the company’s offering.
-   Stripe announced on June 11 that it would be acquiring a crypto company, Privy, which helps companies create crypto wallets — adding to Stripe’s earlier acquisition of Bridge, which helps companies work with stablecoins.
-   Shopify partnered with Stripe and Coinbase to enable merchants to accept USDC payments.
-   Coinbase has a new credit card in partnership with American Express, which gives you Bitcoin rewards.
-   The French bank Société Générale announced plans for a dollar-backed stablecoin that will run on Ethereum and Solana with BNY Mellon acting as custodian for the reserves.
-   JPMorgan Chase plans to launch a U.S. dollar “deposit token” called JPMD on Coinbase’s Base network.

If you enjoyed this episode, stay tuned for our annual big [State of Crypto Report](https://a16zcrypto.com/posts/podcast/state-of-crypto-stablecoins-ai-us-election-builder-energy/), which we’ll drop in the fall. If you want more from Daren, you can follow him @DarenMatsuoka on X or visit a16zcrypto.com to read his posts, including the one we talked about today.

\*\*\*

*As a reminder, none of the content should be taken as investment, business, legal, or tax advice; please see a16z.com/disclosures for more important information, including a link to a list of our investments.*

---

Source: [5 charts that explain crypto right now [podcast]](https://a16zcrypto.com/posts/podcast/5-charts-that-explain-crypto-right-now-podcast) — a16z crypto. Full archive: https://a16zcrypto.com/posts