In a research report released Wednesday by a16z crypto, a16z released seven findings on the state of cryptocurrencies in 2024, including: 1. Cryptocurrency activity and usage hit record highs 2. Cryptocurrencies have become a key political issue ahead of the US election 3. Stablecoins have found a product-market fit 4. Infrastructure improvements have increased capacity and significantly reduced transaction costs 5. DeFi remains popular and continues to grow 6. Cryptography could solve some of the most pressing challenges facing AI 7. A more scalable infrastructure unlocks new on-chain applications