The 2022 State of Crypto Report

“While it’s hard to know the exact number of web3 users, we can reason about the scale of the movement. We estimate there are somewhere between seven million and 50 million active Ethereum users today, based on various on-chain metrics. (See slide 54.) Analogizing to the early commercial internet, that puts us somewhere circa 1995 in terms of development. The internet reached 1 billion users by 2005 – incidentally, right around the time web2 started taking shape amid the founding of future giants such as Facebook and YouTube.

Again, though it’s very hard to estimate, if the trendlines continue as depicted, web3 could reach 1 billion users by 2031. In other words, you’re still early. Much remains to be done. Let’s keep building.

Daren Matsuoka, et al. “The 2022 State of Crypto Report.” May 17, 2022..

I was using the Internet in 1993, and this comparison seems apt to me. Much else that is interesting in the full pdf file.