Explore the digital assets ecosystem through our catalog of original data-driven research.
State of the Network’s Q4 2023 Mining Data Special
This past year has been an eventful one for Bitcoin miners, marked by a major expansion in hashrate across North America and the globe, accompanied with a surge in miner revenues—a welcomed departure from the challenges of 2022. This all [...]
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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
Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies miner holdings [...]
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 [...]
SotM October 2020
Almost as quickly as it began, the Decentralized Finance (DeFi) mania subsided in October. With enthusiasm for DeFi waning, many [...]
Fundamentals Show Bitcoin Is Poised for Takeoff
On October 21st Bitcoin (BTC) broke out, rising by about $1,000 on the day. Since then it has topped $13,000 [...]
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
This post is designed to be a follow up to our ‘trusted volume’ framework post (link) earlier this summer. We [...]
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 [...]
Analyzing the Fallout from the BitMEX Lawsuits
On October 1st, the CFTC and Department of Justice jointly announced charges filed against BitMEX’s owners and operators. The CFTC is [...]