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

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

Best of State of the Network in 2024
In this special edition of the State of the Network, we reflect on a year full of riveting data and

State of the Network 2024 Year in Review
As we wrap up 2024, a year that stands in stark contrast to the crypto winter of 2022, we’d like

SOTM December 12 – December 18, 2024
Circle Partners with Binance | Ripple’s RLUSD Gains Approval | Anchorage Digital Obtains BitLicense | HYPE Claims Largest Crypto Airdrop

State of the Network’s Q4 2024 Mining Data Special
In this week’s issue of State of the Network, we’ll take a deep dive into the shifting patterns and trends shaping

SOTM December 5 – December 11, 2024
The United States’ New Crypto Czar | MicroStrategy Increases BTC Holdings | El Salvador Nears Deal with IMF

Where in the World is Crypto Trading?
In this issue of Coin Metrics’ State of the Network, we’ll explore the seasonal and geographical patterns of crypto trading activity.

SOTM November 28 – December 4, 2024
Bitcoin’s Price Rally | Paul Atkins Named SEC Chair | Russia Shifts Stance on Digital Assets | South Korea’s $33.3B

Understanding Staking Yields and Economics on Ethereum & Solana
In this issue of Coin Metrics’ State of the Network, we examine Coin Metrics’ new staking yield and inflation metrics to understand Ethereum

Movers & Shakers December 2024
Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with

SOTM November 21 – November 27, 2024
MicroStrategy Acquires More BTC | Cantor Fitzgerald & Tether’s $2B Bitcoin-Backed Lending Program | EURQ and USDQ Join Growing Stablecoin

MicroStrategy’s Bitcoin Mega Strategy
In this issue of Coin Metrics’ State of the Network, we analyze MicroStrategy’s performance, its Bitcoin holdings, and its role as