Kyle is a Research Analyst at Coin Metrics, where he leverages Coin Metrics’ network and market data to study foundational and novel topics in the crypto ecosystem. He produces data-driven insights in the weekly State of the Network newsletter and other long-form research content. Prior to joining Coin Metrics, he worked in economic consulting and studied economics and mathematics at Boston College.
By Coin Metrics|2021-09-08T13:44:02+00:00September 8, 2021|Kyle Waters, Nate Maddrey, State of the Network|
As summer came to a close the crypto markets came roaring back to life. BTC surged from $39.3K on August 1st to over $52K on September 6th. Over the same period, ETH climbed from about $2.6K to over $3.9K, close [...]
By Coin Metrics|2021-08-31T15:20:00+00:00August 31, 2021|Kyle Waters, Lucas Nuzzi, Nate Maddrey, State of the Network|
Last week Coin Metrics released a major update to our metric coverage including new EIP-1559 metrics, Ethereum miner flows, valuation ratios, and payment metrics. In this week’s State of the Network we do a deep dive into some of these [...]
By Coin Metrics|2021-08-24T15:02:38+00:00August 24, 2021|Kyle Waters, Nate Maddrey, State of the Network|
After falling as low as $29.76K in July, bitcoin (BTC) price broke back above $50K on Monday. Data suggests that BTC is on the path to recovery after a market wide crash just three months ago.
By Coin Metrics|2021-08-17T15:32:38+00:00August 17, 2021|Kyle Waters, Nate Maddrey, State of the Network|
Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March. The number of sales on OpenSea, the largest NFT marketplace, reached a peak of over 60K per day over the last [...]
By Coin Metrics|2021-08-14T21:59:59+00:00August 10, 2021|Kyle Waters, Nate Maddrey, State of the Network|
On Thursday, August 5th EIP-1559 went live as part of Ethereum’s London hard fork. Less than a week after the launch over 18K ETH has been burned, a total of about 32% of the total ETH that’s been issued post [...]
By Coin Metrics|2021-08-04T16:38:21+00:00August 3, 2021|Kyle Waters, Nate Maddrey, State of the Network|
The total supply of stablecoins is near 110B today, almost a 4x increase over the supply at the beginning of 2021. But this growth has not been distributed equally across stablecoins. Amidst an uncertain crypto market, the stablecoin market is [...]
By Coin Metrics|2021-07-27T12:58:44+00:00July 27, 2021|Antoine Le Calvez, Kyle Waters, Lucas Nuzzi, State of the Network|
Decentralized Finance (DeFi) has become one of the industry’s most vibrant topics, with dozens of new projects launching on a monthly basis. DeFi applications essentially enable the creation of financial contracts that are automatically executed. Broadly speaking, these contracts facilitate [...]
By Coin Metrics|2021-07-23T12:00:23+00:00July 20, 2021|Kyle Waters, Nate Maddrey, State of the Network|
Google search data is often used to analyze a wide-variety of trends. Although a Google search doesn’t necessarily translate into a crypto purchase, analyzing search data for crypto-related keywords can help shed light on retail interest in a variety of [...]
