Unique crypto insights across a wide range of topics.
Breaking BFT: Quantifying the Cost to Attack Bitcoin and Ethereum
This paper addresses concerns surrounding 51% attacks on Bitcoin and 34% attacks on Ethereum, highlighting the uncertainty regarding their costs and benefits. It introduces a novel model called Total Cost to Attack (TCA) to quantify the expenses required to breach [...]
Recent
How Uniswap V2 Swaps Work
A walk through the inner workings of the Uniswap V2 decentralized exchange (DEX), including the function of automated market maker [...]
WHAT IS GAS ON ETHEREUM, WHY IS IT NEEDED, AND HOW DO I GET SOME?
At the core of Ethereum's transaction fee market is the important concept of 'gas.' In this report, a theoretical explanation [...]
COIN METRICS SUPPLY TRANSPARENCY REPORT – Q4 2021
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed [...]
COIN METRICS SUPPLY TRANSPARENCY REPORT – Q3 2021
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed [...]
Coin Metrics Q3 ‘21 By The Numbers
This special supplementary report features over 30 charts highlighting crypto data trends from Q3 2021. The charts are organized by [...]
COIN METRICS SUPPLY TRANSPARENCY REPORT – Q2 2021
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed [...]
Bitcoin Miners are Escaping China
And it might be one of the most positive developments of 2021. Over the past few weeks, Bitcoin markets have [...]
Analyzing the On-Chain Impact of the OpenEthereum Stoppage
At block number 12,244,000 the Berlin hard fork was activated on Ethereum. Among many changes, it paves the ground for [...]
COIN METRICS SUPPLY TRANSPARENCY REPORT – Q1 2021
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed [...]
Special Insights
Decoding the Digital Dollar
Stablecoins have quickly grown from a nascent segment of the digital assets ecosystem to a $100 billion+ market. Stablecoins already form the backbone of decentralized finance (DeFi) applications and the broader crypto-economy, but have the potential to be much more [...]
From Orange Groves to Orange Gold
How crypto assets are to be regulated in the United States is a contentious battleground with high stakes implications for the future of the crypto industry. However, participants in the industry contend that the current regulatory framework is ambiguous, unclear, [...]
The Signal & The Nonce
This paper introduces a methodology for determining the market share of every major Bitcoin mining machine, or ASIC, by analyzing nonce patterns and incorporating data sourced from real-world ASICs. Using novel data produced by our analysis, we can generate estimates [...]