Insights
Explore the digital assets ecosystem through our catalog of original data-driven research.
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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

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

SOTM November 4-10, 2021
Another week of all-time-highs with plenty of dynamic market activity to keep things interesting. Bitcoin reached a high of $69,000

Smart Contract Platforms Lead the Market to New All-Time Highs
The Coin Metrics CMBI10 index hit new all-time highs this past week as bullishness picks up across the market. The CMBI10

SOTM October 28-November 3, 2021
The market continues to melt-up. While Bitcoin remained trading in a relatively flat range, Ethereum and other layer 1s marched

Revisiting the Myth of Bitcoin Ownership Concentration
With the price of bitcoin floating around an all-time high, almost all holders of bitcoin today are in the green.

SOTM October 21-27, 2021
The momentum has cooled down a bit as we move away from the ETF listing. Bitcoin retraced a portion of

Unpacking the data behind bitcoin’s new all-time high and inaugural ETF launch
After a 189-day gap between its last all-time high, bitcoin’s price soared to new heights on October 20th, breaking above

COIN METRICS SUPPLY TRANSPARENCY REPORT – Q3 2021
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed

SOTM October 14-20, 2021
The past week has been one for the record books for multiple reasons: the start of trading for the first

Bitcoin Bullishness Returns As ETF Launches
On Friday October 15th BTC broke above $60K for the first time since April of this year. With the first

SOTM October 7-13, 2021
The risk-on sentiment continues this week as we march closer towards potential ETF approval. At the time of writing, Bitcoin

Are BTC and ETH Spot Markets Maturing? Assessing the Health of Crypto Market Structure Using Order Book Data
In just a little over two weeks, October 31st will mark the 13th anniversary of the release of the Bitcoin white

SOTM September 30-October 6, 2021
Gradually, then suddenly. The Earnest Hemmingway line on bankruptcy applies well to the past week’s Bitcoin price action.. After retreating