Unique crypto insights across a wide range of topics.
Movers & Shakers March 2024
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. With this mission in mind, we are proud to share our March edition [...]
Recent
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 [...]
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 [...]
Special Insights
Trusted Exchange Framework 2.0
Centralized exchanges are a vital part of the crypto ecosystem but vary widely in quality across several use-cases. In order to promote transparency, innovation, and trust for the industry and its users, Coin Metrics is releasing an update to the [...]
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around the clock, 24 hours a day, 7 days a week, and 365 days a year. These assets are well-known for [...]
What is MEV Anyway?
The concept of MEV has sparked a significant amount of interest and concern in the blockchain community, and this paper aims to shed light on what it is and why it matters. We will begin by examining the fundamental principles [...]