Insights
Explore the digital assets ecosystem through our catalog of original data-driven research.
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Stablecoin Sector Analysis
Stablecoins—digital assets designed to maintain a stable value, typically pegged to the U.S. dollar—have rapidly evolved from niche trading tools

Analyst Spotlight Solana Overview
Solana’s focus on high transaction throughput and cheap fees has allowed developers to deploy products that may not have been

Analyst Spotlight Ethereum Overview
Ethereum is a decentralized computing platform and was the first network to enable users to create, deploy, and interact with

SOTM June 8-14, 2023
June has seen a significant hit to cryptocurrency exchange liquidity, with BinanceUS experiencing a staggering 70% market depth decline following

The Signal & The Nonce
This paper introduces a methodology for determining the market share of every major Bitcoin mining machine, or ASIC, by analyzing

The Signal & the Nonce, Reimagined
Adopting a new methodology, we present novel data to rethink some of Bitcoin’s most pressing issues including electricity consumption, miner

SOTM June 1-7, 2023
The US Securities and Exchange Commission (SEC) continues to tighten its grip on cryptocurrency exchanges, with Binance and Coinbase under

Token Unlocks & Free Float Supply Shocks in Digital Asset Markets
In this issue of Coin Metrics’ State of the Network, we analyze the mechanism of token unlocks, where early investors

SOTM May 25-31, 2023
The House of Representatives is hurriedly patching over cracks and crevices in the Federal budget, suspending the U.S. debt ceiling

Zooming Out: A datonomy Update
In this issue of Coin Metrics’ State of the Network, we leverage datonomy—a classification system for digital assets to zoom

SOTM May 18-24, 2023
Past U.S. presidents have harbored hostility towards crypto, but 2024’s cast of candidates are coming to consensus on a new

Movers & Shakers May 2023
Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with

A Claim in the Ether: Tracking the Soaring Demand for Ethereum Staking
The queue to become an Ethereum validator is rising to new heights. In this edition of State of the Network,

SOTM May 11-17, 2023
Though “Mint the Coin” sounds like something you’d hear in crypto circles, the phrase is now a trending topic in

Reviewing the Liquidity Landscape
In this edition of State of the Network, we zoom in on essential trading volume and market data trends to contextualize