Insights
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

The Amount of Bitcoin Untouched for At Least 5 Years is at an All-Time High
The amount of Bitcoin (BTC) supply that has been untouched (i.e. not transferred) for at least five years recently reached

A Majority of BSV Transactions are Coming From a Weather App
Recently, we have been researching the on-chain activity of Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV) as part

Introducing the RVTC Ratio
Metrics for evaluating crypto assets are still evolving. Initially, metrics from traditional equity markets, like float adjusted market cap, quickly

Litecoin Will Test the Block Reward Reduction Theory in August 2019
Litecoin’s block reward halving, anticipated to occur in August 2019, will test the effect that halvings have on prices and

Examining The First Week of Libra Testnet Data
Transactions In order to serve as a global currency, Facebook is designing Libra to be scalable (i.e. high throughput). Libra

Tether’s Lead Grows as Facebook Looms
But it will be entering a crowded market, that as of today is still dominated by Tether. We compared data

Comparing exchange volume to on-chain deposits
In pursuit of our objective to characterize the economic nature of all major public blockchains, we have sought to understand the

Thoughts on Supply Distribution
Today, 96% of all of the 26 million Ether addresses with a balance hold one or fewer units of ETH.

Research Highlight: Ripple
As part of Coin Metrics standard due diligence process when adding new assets/nodes to our Pro data services, we noticed

An on-chain analysis of Ripple’s escrow system
Coin Metrics recently released version 3.0 of our CM Network Data Pro product. This release includes many new assets, including

Evaluating Bitcoin forks with network data
Determining the success of a UTXO fork is a fraught exercise. There is no agreed-upon standard for measuring adoption. Establishing

Granular mining pool mapping with Bitcoin’s coinbase outputs
How concentrated is block formation in Bitcoin? Which mining pools are dominant, and how long have they held that position?