SOTM Apr 18-24, 2024
Welcome to our 169th issue of State of the Market, where we provide an overview of crypto market activity from April 18 - 24, 2024. After mining the Halving block late Friday, mining pool ViaBTC auctions off the collectible 'Epic Sat,' [...]
Latest Research
Breaking Byzantine Fault Tolerance
In this week’s State of the Network, we dive into the method and findings of the paper Breaking BFT: Quantifying the [...]
At the Crossroads: Bitcoin ETFs & Coinbase
In this week’s issue of State of the Network, we look at the interplay between the launch of spot Bitcoin ETFs and [...]
SOTM Feb 15-21, 2024
Welcome to our 160th issue of State of the Market, where we provide an overview of crypto market activity from February 15 [...]
SOTM Feb 8-14, 2024
Welcome to our 159th issue of State of the Market, where we provide an overview of crypto market activity from February 8 [...]
Navigating the Avalanche: An Introduction to the Avalanche Network
In this week’s issue of Coin Metrics’ State of the Network, we navigate Avalanche’s role in the digital asset ecosystem. We’ll explore [...]
SOTM Feb 1-7, 2024
Welcome to our 158th issue of State of the Market, where we provide an overview of crypto market activity from February 1 [...]
Ethereum’s Dencun Upgrade
In this week’s issue of State of the Network, we delve into the details of the Dencun upgrade. We will explore the nature [...]
SOTM Jan 25-31, 2024
Welcome to our 157th issue of State of the Market, where we provide an overview of crypto market activity from [...]
Conducting the ETH Census
The Unexpected Challenge of Calculating Ethereum's Total Supply
Special Insights
The Signal & The Nonce
This paper introduces a methodology for determining the market share of every major Bitcoin mining machine, or ASIC, by analyzing nonce patterns and incorporating data sourced from real-world ASICs. Using novel data produced by our analysis, we can generate estimates [...]
Trusted Exchange Framework 2.0
Centralized exchanges are a vital part of the crypto ecosystem but vary widely in quality across several use-cases. In order to promote transparency, innovation, and trust for the industry and its users, Coin Metrics is releasing an update to the [...]
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around the clock, 24 hours a day, 7 days a week, and 365 days a year. These assets are well-known for [...]