Explore the digital assets ecosystem through our catalog of original data-driven research.
Bitcoin’s 4th Halving
In this issue of Coin Metrics’ State of the Network, we understand the significance of the Bitcoin halving, its impact on miners and potential effects on BTC’s price as the 4th Bitcoin halving nears.
Recent
SOTM Mar 14-20, 2024
Welcome to our 164th issue of State of the Market, where we provide an overview of crypto market activity from March 14 [...]
Appraising Growth in Digital Asset Markets
In this week’s issue of State of the Network, we take a closer look at the shift in digital asset market [...]
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 [...]
Market Dynamics and Risks of Liquid Staking Derivatives
In this issue of State of the Network, we focus on the market dynamics and risks of the Ethereum liquid [...]
Movers & Shakers March 2024
Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with [...]
SOTM Feb 29-Mar 6, 2024
Welcome to our 162nd issue of State of the Market, where we provide an overview of crypto market activity from February 29 [...]
Following Flows V: Pool Cross-Pollination
In this week’s issue of State of the Network, we take a closer look at “0-hop” and “1-hop” addresses to follow [...]
SOTM Feb 22-28, 2024
Welcome to our 161st issue of State of the Market, where we provide an overview of crypto market activity from [...]
Breaking Byzantine Fault Tolerance
In this week’s State of the Network, we dive into the method and findings of the paper Breaking BFT: Quantifying the [...]
Special Insights
Decoding the Digital Dollar
Stablecoins have quickly grown from a nascent segment of the digital assets ecosystem to a $100 billion+ market. Stablecoins already form the backbone of decentralized finance (DeFi) applications and the broader crypto-economy, but have the potential to be much more [...]
From Orange Groves to Orange Gold
How crypto assets are to be regulated in the United States is a contentious battleground with high stakes implications for the future of the crypto industry. However, participants in the industry contend that the current regulatory framework is ambiguous, unclear, [...]
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 [...]