In 2024, the cryptocurrency sector has demonstrated significant growth and maturation, according to multiple reports. Venture capital funding in crypto increased by 28% over the same period in 2023, with $6.4 billion raised by September 2024. Notably, $5 billion poured into Bitcoin spot ETFs in the third quarter, enhancing volume and liquidity. Layer-2 scaling solutions, such as Coinbase's Base, have propelled Ethereum transactions to increase fivefold. The stablecoin market reached a record high of nearly $170 billion in Q3 2024, with transaction volumes in Q2 more than twice that of Visa. The "2024 State of Crypto" report by a16z crypto highlights that cryptocurrency activity and usage have reached all-time highs, with 617 million holders globally and 60 million monthly active users. Coinbase and Glassnode attribute the market's dramatic maturity to factors like the success of spot ETFs, increased on-chain activity, and higher trading volumes.