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

The State of the Network Q3 2021 Wrap-Up
In this special edition of State of the Network we take a data-driven look at crypto’s biggest storylines of Q3,

The State of the Network Q3 2021 Wrap-Up
In this special edition of State of the Network we take a data-driven look at crypto’s biggest storylines of Q3,

Coin Metrics Q3 ‘21 By The Numbers
This special supplementary report features over 30 charts highlighting crypto data trends from Q3 2021. The charts are organized by

SOTM September 23-29, 2021
The market-wide risk-off sentiment continued this week as we continued to trade the chop. Last Friday, the asset class pulled

Digging into Uniswap DEX Data
Decentralized exchanges (DEXes) have quickly emerged as essential systems to trade crypto assets in the rapidly innovating sector of decentralized

SOTM September 16-22, 2021
Volatility picked up this week as we moved in on the futures and options expiration for September. Selling picked up

The Rise of NFTs: A Data-Driven Overview of Non-Fungible Tokens
The following is adapted from an in-depth, data-driven research report covering the rise of NFTs (https://coinmetrics.io/the-rise-of-nfts/). NFTs have become one

The Rise of NFTs
Since the dawn of the Internet people have been creating content and sharing it online. From videos, to music, to

SOTM September 9-15, 2021
Markets remained flat this week following a slight recovery from last week’s pullback. Bitcoin currently trades around $48k and Ethereum

Measuring Crypto Usage and Adoption
Crypto usage can be tricky to measure. Although all transaction data is public, it can be difficult to tell how

SOTM September 2-8, 2021
Last week we noted that open interest was once again increasing, and this week a good portion of that was

Analyzing Tuesday’s Flash Crash
As summer came to a close the crypto markets came roaring back to life. BTC surged from $39.3K on August