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Analyst Spotlight Tether (USDT) Overview
Discover why Tether (USDT) is the leading stablecoin in Coin Metrics’ latest analysis, highlighting its deep liquidity, peg stability, and

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

Unpacking Circle’s IPO Filing and USDC’s On-Chain Footprint
In this special edition of Coin Metrics’ State of the Network, we unpack key takeaways from Circle’s IPO filing and pair

SOTM April 3 – April 9, 2025
Market Volatility Following Trump’s Retaliatory Tariffs | Ripple Set to Acquire Hidden Road for $1.25B | Fidelity Launches no-fee Crypto

The Evolving Relationship Between Ethereum and Its Layer-2s
In this special edition of Coin Metrics’ State of the Network, we explore the evolving relationship between Ethereum and its Layer-2

SOTM March 27 – April 2, 2025
Bitcoin Briefly Rises to $87K Ahead of Trump’s Reciprocal Tariff Announcement | Circle Files for IPO | MicroStrategy Adds More

State of the Network’s Q1 2025 Wrap Up
In this special edition of Coin Metrics’ State of the Network, we take a data-driven dive into the major developments, market

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

SOTM March 20 – March 26, 2025
Fidelity Plans to Launch Stablecoin | Custodia Bank Launches First U.S. Bank-Issued Stablecoin | BlackRock’s BUIDL Fund Crosses $1.8B in

Q1 2025 Bitcoin Data Special
In this issue of Coin Metrics’ State of the Network, we provide an update on the Bitcoin mining landscape, including miner

SOTM March 13 – March 19, 2025
Bitcoin Rebounds Past $85k | Ethena Labs and Securitize Announce Converge | Coinbase Launches Verified Pools on Base | SOL

The Cross-Currents Shaping Crypto Markets
In this issue of Coin Metrics’ State of the Network, we assess the drivers behind recent weakness in crypto markets and

SOTM March 6 – March 12, 2025
Volatility Continues to Pressure Crypto Markets | Trump Signs Executive Order to Establish Strategic BTC Reserve | Cboe Files Amendments

How-ey Can Get Out of Here
In this issue of Coin Metrics’ State of the Network, we’ll address some of Commissioner Peirce’s questions and demonstrate how on-chain