Insights
Explore the digital assets ecosystem through our catalog of original data-driven research.
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Analyst Update – Bitcoin
Our initial Bitcoin Asset Analysis in September 2024 highlighted the increasing scarcity of BTC, its benefits in modern portfolio theory,

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

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 |

Diving into dYdX
As part of a grant from the dYdX Grants Program, Coin Metrics is onboarding dYdX market data and diving deeper into its

SOTM April 17 – April 23, 2025
Bitcoin Reclaims $94K | Tether, Cantor Fitzgerald, and SoftBank Launch “Twenty One Capital” | Circle Unveils Circle Payments Network |

Evaluating Precog Subnet 55 Forecast Performance via Simulated Trading
In this special edition of Coin Metrics’ State of the Network, we explore key questions around our recent research report on

SOTM April 10 – April 16, 2025
Crypto Markets Stabilize with Bitcoin Trading Near $85K | Strategy Acquires More BTC | Visa Joins USDG Stablecoin Consortium |

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