Unique crypto insights across a wide range of topics.
Movers & Shakers April 2023
Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with the highest standards of clarity and precision. Keeping this mission in mind, we are proud to share a new monthly [...]
Recent
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 [...]
The Ethereum Gas Report
Ethereum adoption is growing like never before. Decentralized finance (DeFi) continues its rapid rise, stablecoins are being adopted around the [...]
Following Flows III: Measuring Ethereum Miner Activity
Ethereum and Mining The Ethereum community has always had a somewhat strained relationship with miners. The network’s proof of work [...]
Following Flows II: Where do Miners Sell?
Miners are frequently blamed for causing dips in the price of Bitcoin. These accusations are often unsubstantiated—worse still, they’re sometimes [...]
Dissecting a Bitcoin Bull Market (Full Length)
A pandemic, followed by global societal shutdowns, followed by rampant social unrest, followed by increased political polarization, followed by unprecedented [...]
The State of DeFi Tokens (Full Length)
Decentralized finance (DeFi) took over the crypto world during the summer. But it cooled off after September, and has taken [...]
Bitcoin: An Unprecedented Experiment in Fair Distribution (Full Length)
Much has been written about the fundamental differences between Bitcoin and other asset classes. In fact, juxtapositions of Bitcoin and [...]
Following Flows: A Look at Miners’ On-Chain Payments (Full Length)
Key Takeaways Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies [...]
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 [...]
Special Insights
Monitoring DeFi Biggest Risk
This report covers one of the biggest risks in DeFi — the rise of a new development paradigm that introduces single points of failure to many DeFi applications. We begin by examining DeFi’s potential to change how financial products are [...]
Mapping out The Merge
After years of research and development, The Merge will transition Ethereum to Proof of Stake fundamentally changing the network’s security and economics, and realizing the most significant upgrade since its 2015 launch.
On-Chain Volume
Public blockchains are settling more value than ever before. But calculating on-chain transfer volume is a non-trivial exercise. Raw data is rife with noise and opportunity for misinterpretation. To create better estimates, Coin Metrics implements a series of rules or [...]