Insights
Explore the digital assets ecosystem through our catalog of original data-driven research.
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Layer 1s – Vertical Analysis
Layer-1 blockchains have continually reshaped the digital asset landscape. Bitcoin set the foundation in 2009 with decentralized peer-to-peer money, followed

Trusted Exchange Framework
Coin Metrics’ Trusted Exchange Framework (TEF) is a quantitative evaluation of crypto exchanges. We leverage the CM Market Data Feed

Analyst Spotlight USDC Overview
The Coin Metrics Analyst Spotlight explores USDC’s expanding role in digital finance, unpacking its adoption across blockchains, integration with DeFi

SOTM May 29 – June 4, 2025
Circle Begins Trading on NYSE | Robinhood Acquires Bitstamp | SEC Clarifies Certain Staking Activities are not Securities | Ethereum

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

Tokenized Bitcoin: Extending Bitcoin’s Utility
In this issue of Coin Metrics’ State of the Network, we explore the growing ecosystem of tokenized Bitcoin, focusing on Wrapped

SOTM May 22 – May 28, 2025
Trump Media raises $2.5 B Bitcoin treasury | SharpLink backs ETH with $425 M | Circle eyes $6 B IPO,

The After-Effects of Ethereum’s Pectra Upgrade
In this issue of Coin Metrics’ State of the Network, we analyze the early impacts of Pectra, focusing on how raising

SOTM May 15 – May 21, 2025
BTC hits record $111.5K ATH on ETF inflows, corporate treasuries & U.S. regulation optimism | GENIUS bill clears Senate vote

Exploring Crypto Market Dynamics through Options Data
In this issue of Coin Metrics’ State of the Network, we examine crypto market dynamics through the lens of options data,

SOTM May 8 – May 14, 2025
Crypto markets rally as U.S.-UK & U.S.-China trade talks advance | BTC $104K; ETH $2,500 post-Pectra | Coinbase joins S&P

Stablecoin Sector Analysis
In this issue of Coin Metrics’ State of the Network, we’re excited to release the first installment of our “Sector Analysis”

Is Bitcoin Decoupling from the Market?
In this edition of Coin Metrics’ State of the Network, we’ll explore how Bitcoin has behaved across different market environments, highlighting

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

SOTM April 24 – April 30, 2025
Bitcoin Holds Near $94K | U.S. Spot ETFs See Over $3B in Inflows | Strategy Buys $1.4B in BTC |