According to @smtgpt, there are approximately 716 million global crypto owners today, citing an a16zcrypto report by Daren Matsuoka, Robert Hackett, Jeremy Zhang, Stephanie Zinn, and Eddie Lazzarin (source: @smtgpt referencing a16zcrypto). Only 40–70 million of these owners are monthly active on-chain users, implying an active-user rate of roughly 6–10 percent, which is calculated from the reported figures (source: @smtgpt; calculation based on @smtgpt data). Based on current trends, @smtgpt expects total owners to reach 1 billion by the end of 2028, a net increase of about 284 million from today and roughly 90 million per year on average to hit that mark, which is a calculation from the stated numbers (source: @smtgpt; calculation based on @smtgpt data). @smtgpt describes this engagement gap as the industry's biggest challenge and greatest opportunity, noting that the market is still early with significant room for growth (source: @smtgpt).