General Research
Unique crypto insights across a wide range of topics.
Fundamentals Show Bitcoin Is Poised for Takeoff (Full Length)
On October 21st Bitcoin (BTC) broke out, rising by about $1,000 on the day. Since then it has topped $13,000
Q3 Refresh of Trusted Spot Volume Framework (Full Length)
This post is designed to be a follow up to our ‘trusted volume’ framework post (link) earlier this summer. We
Analyzing the Fallout from the BitMEX Lawsuits (Full Length)
On October 1st, the CFTC and Department of Justice jointly announced charges filed against BitMEX’s owners and operators. The CFTC
Q3 2020 Supply Transparency Report
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed
Introducing the CMBI Multi Asset Series (Full Length)
In this week’s State of the Network we are excited to announce the release of the CMBI Multi Asset Series,
Ethereum’s DeFi Evolution: How DeFi Is Fueling Ethereum’s Growth (Full Length)
Decentralized finance reached new heights over the last few months as dozens of projects launched and large amounts of capital
Bitcoin As An Investment (ARK Invest + Coin Metrics)
In Part 1 of this research, we described how we believe Bitcoin, a novel economic institution, satisfies the four assurances
Measuring Bitcoin’s Decentralization (Full Length)
Key Takeaways Bitcoin’s decentralization can be quantified in terms of supply dispersion, hashpower distribution, and exchange consolidation, among other metrics.
Improving your Futures Roll: An Overview of the Basis Trade (Full Length)
Key Takeaways As futures volume balloons we take a look at the basis trade, which is when traders build a
Bitcoin: A Novel Economic Institution (ARK Invest + Coin Metrics)
This paper lays out the case for Bitcoin. In Part 1, we describe how the Information Age gave rise to
The Business Trends of Crypto Exchanges (Full Length)
Key Takeaways Crypto exchanges have gone from nothing to a relatively mature industry very quickly. The maturation process of exchanges
The DeFi Fee Explosion: How YAM’s Collapse Drove Ethereum Fees to New Heights (Full Length)
On August 12th Ethereum’s total daily transactions fees topped $6.87M, shattering the previous all-time high of $4.55M set in January
