Unique crypto insights across a wide range of topics.
Movers & Shakers May 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 May edition [...]
Recent
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 [...]
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 [...]
Special Insights
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 [...]
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 [...]