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Explore the digital assets ecosystem through our catalog of original data-driven research.
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Canton Analyst Overview
This report provides an overview of the Canton Network and its native asset, Canton Coin (CC), showing how its tokenomics,

Analyst Update – Ethereum
Coin Metrics explores how Digital Asset Treasuries, stablecoin legislation, and Layer-2 scaling are driving Ethereum’s surge above $4,000 and shaping

Analyst Update – Bitcoin
Our initial Bitcoin Asset Analysis in September 2024 highlighted the increasing scarcity of BTC, its benefits in modern portfolio theory,

Ethena and the Mechanics of USDe
Understanding the backing mechanics, usage profile, and risks of Ethena’s synthetic dollar

SOTM October 17-23, 2025
Crypto Markets in Recovery Mode with BTC Near $110K | U.S. Federal Reserve Proposes Payments Accounts” | T. Rowe Price

Canton Analyst Overview
An overview of Canton Network and the token economics of Canton Coin

SOTM October 10-16, 2025
Crypto Markets See Historic Leverage Unwind Wiping out $470B in MC | Ripple Acquires GTreasury for $1B | Paxos Accidentally

The Great De-Leveraging: Friday Flash Crash
Unpacking the largest day of liquidations in crypto history and what it revealed about leverage, liquidity, and market structure

SOTM October 3-9, 2025
BTC Reaches New ATHs | Grayscale Enables Staking in ETH ETFs | Intercontinental Exchange Invests in Polymarket | S&P Global

Movers & Shakers October 2025
Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with

Tether’s Next Chapter: Extending Dominance Across Networks and Rails
Tether’s stablecoin market dominance, USDT usage across chains & emerging rails

SOTM September 26 – October 2, 2025
BTC Surges past $120K as ETH Climbs Past $4,400 & SOL Crosses $230 | SWIFT to Develop Blockchain-based Settlement System

State of the Network’s Q3 2025 Wrap Up
A look back at Q3 2025 and the major market trends, on-chain activity, and structural developments that shaped digital assets

SOTM September 19 – September 25, 2025
Digital Asset Markets See Heightened Volatility | Tether Eyes $15–20B Raise at ~$500B valuation | Plasma Launches Mainnet with $2B

Ethereum Update: Can Further Scaling Return Value to Ethereum?
Ethereum surged past $4,500 in August 2025, fueled by Digital Asset Treasuries and stablecoin legislation. This update explores the drivers