A new report by 51 Insights reveals that Web3 has experienced significant growth in 2024, driven by innovations in blockchain, AI, and decentralized systems. The "State of Web3 Adoption Report 2025," published on Jan. 13, found that global daily active users in crypto surpassed 18 million in December 2024, marking a 202% increase year-over-year (YOY). Additionally, the report highlighted a 500% surge in memecoin market capitalization, which reached $120 billion by year-end, fueled by celebrity endorsements and easy token creation on blockchain platforms. Stablecoins also registered impressive growth, recording $24 trillion in transactions — three times PayPal’s annual volume — while 28.5 million unique stablecoin users transferred over $600 million on-chain in November 2024 alone. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
