# Podcast: Themes, trends, and data from State of Crypto 2025

> A conversation about this year in crypto, from the "unmistakeable signs of mainstreaming" to Bitcoin's resurgence

- URL: https://a16zcrypto.com/posts/podcast/state-of-crypto-2025-podcast
- Authors: [Daren Matsuoka](https://a16zcrypto.com/team/daren-matsuoka), [Robert Hackett](https://a16zcrypto.com/team/robert-hackett), [Eddy Lazzarin](https://a16zcrypto.com/team/eddy-lazzarin)
- Published: 2025-10-22
- Updated: 2026-05-08
- Focus areas: tech trends
- Tags: data insights, state of crypto 2025, TradFi, State of Crypto
- Format: podcast

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Each year, the State of Crypto report from a16z crypto cuts through the noise and tracks crypto’s evolution across markets, technology, policy, and culture.

[Embedded media](https://player.simplecast.com/2ce0b3b9-9c27-4f19-ad23-5ec69238c173?dark=true)

[Embedded media](https://www.youtube.com/embed/SFKJEQlrShY?feature=oembed)

Now in its fourth edition, the 2025 State of Crypto report reveals how crypto has gone mainstream: from stablecoins and tokenized assets to institutional adoption by major financial players. In this episode, we break down the key findings and trends from the report with:

-   Daren Matsuoka, a16z crypto’s Head of Data & Fund Strategy (lead author)
-   Eddy Lazzarin, a16z crypto’s CTO

Together, we explore:

-   Why stablecoins are taking over and what’s fueling their global growth
-   The rise of institutional adoption — from Stripe and Visa to BlackRock and Robinhood
-   How AI and crypto are intersecting (and where jobs are moving)
-   The tokenization of real-world assets
-   Bitcoin’s resurgence and the new era of “digital gold”
-   What’s really happening with memecoins, perps, and prediction markets
-   How privacy, policy, and developer energy are shaping crypto’s next phase

Timestamps:

[00:00](https://www.youtube.com/watch?v=SFKJEQlrShY) Introduction

[02:39](https://www.youtube.com/watch?v=SFKJEQlrShY&t=159s) Overview of the 2025 State of Crypto Report

[05:04](https://www.youtube.com/watch?v=SFKJEQlrShY&t=304s) The Evolution and Mainstreaming of Crypto

[08:27](https://www.youtube.com/watch?v=SFKJEQlrShY&t=507s) Crypto’s Market Cycles and All-Time Highs

[12:08](https://www.youtube.com/watch?v=SFKJEQlrShY&t=728s) The Price-Innovation Cycle

[15:40](https://www.youtube.com/watch?v=SFKJEQlrShY&t=940s) Memecoins, Stablecoins, and Entrepreneurship

[17:25](https://www.youtube.com/watch?v=SFKJEQlrShY&t=1045s) AI and Attracting Tech Talent

[21:18](https://www.youtube.com/watch?v=SFKJEQlrShY&t=1278s) Crypto Adoption and User Metrics

[26:58](https://www.youtube.com/watch?v=SFKJEQlrShY&t=1618s) Airdrops, Farming, and Changing Metas

[31:24](https://www.youtube.com/watch?v=SFKJEQlrShY&t=1884s) Bitcoin’s Resurgence as a Store of Value

[42:09](https://www.youtube.com/watch?v=SFKJEQlrShY&t=2529s) Institutional Adoption and Market Dynamics

[50:08](https://www.youtube.com/watch?v=SFKJEQlrShY&t=3008s) The Evolution of Stablecoins

[54:20](https://www.youtube.com/watch?v=SFKJEQlrShY&t=3260s) The Growing Role of Stablecoins in the Global Economy

[01:00:54](https://www.youtube.com/watch?v=SFKJEQlrShY&t=3654s) The Importance of Privacy in Crypto

[01:08:46](https://www.youtube.com/watch?v=SFKJEQlrShY&t=4126s) Tokenization of Real-World Assets

[01:20:46](https://www.youtube.com/watch?v=SFKJEQlrShY&t=4846s) Perpetual Futures and Prediction Markets

[01:29:41](https://www.youtube.com/watch?v=SFKJEQlrShY&t=5381s) Outlook for the Future

 ![📈](https://s.w.org/images/core/emoji/17.0.2/72x72/1f4c8.png) Download the full State of Crypto 2025 report + explore our interactive dashboard to track industry metrics:

 ![👉](https://s.w.org/images/core/emoji/17.0.2/72x72/1f449.png) a16zcrypto.com/state-of-crypto-2025

 ![📬](https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ec.png) Subscribe for more industry reports, trend analyses, and builder insights:

 ![👉](https://s.w.org/images/core/emoji/17.0.2/72x72/1f449.png) a16zcrypto.substack.com/subscribe

 ![🎙](https://s.w.org/images/core/emoji/17.0.2/72x72/1f399.png) Listen, like, share & subscribe for more conversations on crypto, web3, and the future of the internet:

 ![👉](https://s.w.org/images/core/emoji/17.0.2/72x72/1f449.png) a16zcrypto.com/podcast

\*\*\* As always, none of the following 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.

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Source: [Podcast: Themes, trends, and data from State of Crypto 2025](https://a16zcrypto.com/posts/podcast/state-of-crypto-2025-podcast) — a16z crypto. Full archive: https://a16zcrypto.com/posts