General Research
Unique crypto insights across a wide range of topics.
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
Introducing the Coin Metrics Quarterly Supply Transparency Report (Full Length)
Key Takeaways Coin Metrics will release Quarterly Supply Transparency Reports, with today’s Q2 Supply Transparency Report being the first of
Q2 2020 Supply Transparency Report
The Coin Metrics Cryptoasset Supply Transparency Report brings visibility and insight into the actions of the key categories of a
Derivatives’ Disparities: Surveying the Bitcoin Perpetual Swap Market (Full Length)
Key Takeaways The derivatives market is fragmented and contract terms differ dramatically across exchanges. The quality of documentation in the
Introducing Coin Metrics’ Trusted Volume Framework (Full Length)
Key Takeaways Fake trading volumes have been a dark mark on the industry – it is difficult to find a
Analyzing The Early Uses of Bitcoin (Full Length)
This feature is adapted from Antoine Le Calvez’ presentation at the MIT Bitcoin Expo 2020. Since its inception in 2009,
When Markets Misalign: Mispricings and Reference Rates (Full Length)
Key Takeaways Price discrepancies between exchanges can emerge for a variety of reasons, including market manipulation, exchange downtime, and trader
Introducing Free Float Supply (Full Length)
Key Takeaways Until now, a standardized approach to determining the free float supply (the supply that is available to the
