Appraising Growth in Digital Asset Markets
In this week’s issue of State of the Network, we take a closer look at the shift in digital asset market sentiment, leveraging market data and datonomy™ sector classification to contextualize the latest market movements
Recent
Market Dynamics and Risks of Liquid Staking Derivatives
In this issue of State of the Network, we focus on the market dynamics and risks of the Ethereum liquid staking sector, looking at the largest ones in the market today
Following Flows V: Pool Cross-Pollination
In this week’s issue of State of the Network, we take a closer look at “0-hop” and “1-hop” addresses to follow the flow of funds between mining pools and miners, uncovering hidden links between entities in an effort to quantify the [...]
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 Cost to Attack Bitcoin and Ethereum and review the importance of network security and resistance to attack.
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 Coinbase’s recent performance, highlighting their dynamics and broader implications.
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 its unique features and highlight the state of the Avalanche network through an array of metrics illuminating adoption and usage [...]
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 of the upgrade, the proposed modifications to the Ethereum execution and consensus chains, and the metrics that will help us [...]
Conducting the ETH Census
The Unexpected Challenge of Calculating Ethereum's Total Supply
Tether’s Ascent: Breaking Down the Dominant Stablecoin’s Growth
In this week’s issue of Coin Metrics’ State of the Network, we delve into Tether’s recent all-time highs, exploring its primary avenues of growth, adoption, and the nature of its usage and reserve holdings to gain a holistic understanding of the stablecoin [...]
A Short Guide to Bitcoin On-Chain Data for ETF Newcomers
In this edition of State of the Network, we turn our attention to the cohort of ETF newcomers now taking a closer look at bitcoin. Our focus is to introduce or reacquaint some to the field of on-chain data, underscoring the [...]
Special Insights
Trusted Exchange Framework 2.1
Centralized exchanges are pivotal in the crypto realm, but their quality varies across diverse use-cases. The Coin Metrics’ Trusted Exchange Framework aims to quantitatively evaluate these platforms based on criteria like transparency, resilience, data quality, and more, leveraging public information [...]
Exploring Supply Transparency
Coin Metrics and Swiss firm Bitcoin Suisse have collaborated to bring their expertise in crypto analytics and market insight to explore token supply transparency and its impact on liquidity. Utilizing the unique transparency of public blockchains, this collaboration offers unparalleled [...]
DeFi’s Double-Edged Sword
The 2022 collapse of FTX—a centralized crypto exchange, has highlighted the promise of Decentralized Finance (DeFi) platforms due to their inherent transparency, composability, and non-custodial nature. We’ve seen individuals and institutions alike, recognizing the value of DeFi and beginning to [...]