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a16z Launches State of Crypto Index

Recently, Andreessen Horowitz (a16z) launched the State of Crypto Index, a new interactive tool that tracks the state of the crypto industry from a technology perspective. The index provides a more accurate and detailed assessment of the industry's current state by using a weighted monthly average of 14 key indicators, including the number of verified smart contracts, transactional wallets, and more.

It also allows tracking of separate indicators such as active developers, stablecoin volume, NFT buyers, and DEX volume. In summary, the State of Crypto Index provides a single chart that showcases the level of innovation and adoption of Web3 technologies.

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