Explore the digital assets ecosystem through our catalog of original data-driven research.
SOTM Mar 7-13, 2024
Welcome to our 163rd issue of State of the Market, where we provide an overview of crypto market activity from March 7 - 13, 2024. Ethereum executes its 2nd major upgrade since the Merge, activating EIP-4844 to introduce dedicated "blobspace" for [...]
Recent
State of the Network’s Q1 2023 Mining Data Special
In our 200th issue of State of the Network, we share a special report on Bitcoin Mining Data for Q1 [...]
SOTM March 16-22, 2023
Just as the tides of monetary tightening go out, banks find themselves deep underwater. Credit Suisse is Europe's early warning— [...]
An Introduction to Liquid Staking
In this issue of State of the Network, we discuss the need for liquid staking — which allows users to [...]
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 [...]
SOTM March 9-15, 2023
Banking confidence looks bottomless following a flurry of institutional implosions. Between Friday's FDIC seizure of Silicon Valley Bank and Sunday's [...]
FDIC Takeover of Silicon Valley Bank: Assessing the Impact on Stablecoins
Silicon Valley Bank (SIVB) was taken over by the FDIC on Friday morning following a bank run that drained their [...]
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 [...]
SOTM March 2-8, 2023
Once hailed as the gateway to mass adoption, institutions have been no silver bullet for crypto's liquidity woes. After losing [...]
Decentralized Exchanges Four Months After FTX
Using data from Coin Metrics’ DEX data feed, we examine the underlying activity on Uniswap and Sushiswap to understand usage [...]