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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 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

SOTM August 26-September 1, 2021
This time is different; well maybe not. Regulation is looming, Defi summer of 2020 is now NFT summer of 2021,

Introducing New EIP-1559, Miner Flow, and Payment Metrics
Last week Coin Metrics released a major update to our metric coverage including new EIP-1559 metrics, Ethereum miner flows, valuation

SOTM August 19-25, 2021
The chart from the past week resembles the “Bart” pattern which is all too familiar to traders in the space.

Crypto’s August Rebound
After falling as low as $29.76K in July, bitcoin (BTC) price broke back above $50K on Monday. Data suggests that

SOTM August 12-18, 2021
Both Bitcoin and Ethereum pushed higher this past week with Bitcoin briefly breaching $48,000 and Ethereum reaching around $3,300. Prices

JPEG Summer: Exploring The Data Behind the NFT Boom
Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March. The

SOTM August 5-11, 2021
It feels like the bulls are back again. Over the past week the crypto community rallied together to help lobby

Analyzing EIP-1559’s ETH Burn
On Thursday, August 5th EIP-1559 went live as part of Ethereum’s London hard fork. Less than a week after the

STOM July 30-August 4, 2021
Bitcoin and Ethereum price action diverged over the past week. Bitcoin continued to pull back from last week’s highs and

Analyzing Tether and USDC Usage Patterns
The total supply of stablecoins is near 110B today, almost a 4x increase over the supply at the beginning of