General Research
Unique crypto insights across a wide range of topics.

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

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