Chainalysis experts published a report on the state of the crypto market, saying that at least 400 million cryptocurrency wallets now have a non-zero balance.

The rally in the market attracts a variety of investors, explained Chainalysis. A significant increase in the number of wallets with a non-zero balance is caused by the increasing influence of the digital economy on the traditional finance market.

“We are experiencing a seismic shift in both the perception and use of cryptocurrencies, and the number of users of digital assets will continue to grow,” Chainalysis wrote.

Separately, the company’s specialists noted the dominance of stablecoins in on-chain transactions. They accounted for 50% to 75% of all transfers in 2024. And if earlier analysts considered this market segment as entry points for fiat funds and exit points for cryptocurrency, now the situation has changed.

Over the past few years, stablecoins have been increasingly used as a means of storage in emerging economies, including Latin American countries, experts explained. In their opinion, the ongoing bullish trend in the market will lead to even closer interaction between virtual coins and the global economy, which will help reduce the volatility of major cryptocurrencies and attract additional capital.

Earlier, analysts at the venture capital company Andreessen Horowitz (a16z) named the main trends in the cryptocurrency market in 2025. Analysts expect rapid development of stablecoins and crypto wallets based on artificial intelligence.