The Usage & Evolution of Decentralized Exchanges (DEX’s)
In this issue of Coin Metrics’ State of the Network, we employ a data-driven approach to explore activity across Ethereum decentralized exchanges, examining liquidity, trading volumes, and the trends shaping the DEX landscape.
Latest Research
SOTM March 25-31, 2021
Volatility dominated trading last week surrounding the expiry of the March futures and options contracts. As traders looked to work [...]
The State of the Network Q1 Wrap-Up
Crypto has already undergone rapid expansion in 2021. We’ve seen new all-time highs and a new wave of adoption and [...]
SOTM March 18-24, 2021
The market remained relatively quiet over the past week. No new high for Bitcoin but we did see brief enthusiasm [...]
The Ethereum Gas Report
Ethereum adoption is growing like never before. Decentralized finance (DeFi) continues its rapid rise, stablecoins are being adopted around the [...]
SOTM March 11-17, 2021
This weekend marked another all-time high price for Bitcoin, momentarily holding above $61K. However, the move around the opening of [...]
A Year After The Crash
On March 12, 2020, amid rising panic over the rapid spread of COVID-19, bitcoin (BTC) crashed from about $8,000 to [...]
SOTM March 4-10, 2021
This week marks a potential turnaround in price action as Bitcoin continued its rally off of the drawdown seen at [...]
Measuring Ethereum Miner Activity
The Ethereum community has always had a somewhat strained relationship with miners. The network’s proof of work algorithm, Ethash, was [...]
SOTM February 25 – March 3, 2021
This past week was the first time in over four weeks that we did not see a new all-time high [...]