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 April 3 – April 9, 2025
Market Volatility Following Trump’s Retaliatory Tariffs | Ripple Set to Acquire Hidden Road for $1.25B | Fidelity Launches no-fee Crypto

The Evolving Relationship Between Ethereum and Its Layer-2s
In this special edition of Coin Metrics’ State of the Network, we explore the evolving relationship between Ethereum and its Layer-2

SOTM March 27 – April 2, 2025
Bitcoin Briefly Rises to $87K Ahead of Trump’s Reciprocal Tariff Announcement | Circle Files for IPO | MicroStrategy Adds More

State of the Network’s Q1 2025 Wrap Up
In this special edition of Coin Metrics’ State of the Network, we take a data-driven dive into the major developments, market

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

SOTM March 20 – March 26, 2025
Fidelity Plans to Launch Stablecoin | Custodia Bank Launches First U.S. Bank-Issued Stablecoin | BlackRock’s BUIDL Fund Crosses $1.8B in

Q1 2025 Bitcoin Data Special
In this issue of Coin Metrics’ State of the Network, we provide an update on the Bitcoin mining landscape, including miner

SOTM March 13 – March 19, 2025
Bitcoin Rebounds Past $85k | Ethena Labs and Securitize Announce Converge | Coinbase Launches Verified Pools on Base | SOL

The Cross-Currents Shaping Crypto Markets
In this issue of Coin Metrics’ State of the Network, we assess the drivers behind recent weakness in crypto markets and

SOTM March 6 – March 12, 2025
Volatility Continues to Pressure Crypto Markets | Trump Signs Executive Order to Establish Strategic BTC Reserve | Cboe Files Amendments

How-ey Can Get Out of Here
In this issue of Coin Metrics’ State of the Network, we’ll address some of Commissioner Peirce’s questions and demonstrate how on-chain

SOTM February 27 – March 5, 2025
Markets Stay Volatile | Trump Proposes Strategic Crypto Reserve | SEC Drops Kraken, Cumberland Cases | BlackRock Adds 1–2% BTC