Explore the digital assets ecosystem through our catalog of original data-driven research.
Reviewing the Liquidity Landscape
In this edition of State of the Network, we zoom in on essential trading volume and market data trends to contextualize the current market environment for digital asset participants.
Recent
Evaluating Bitcoin forks with network data
Determining the success of a UTXO fork is a fraught exercise. There is no agreed-upon standard for measuring adoption. Establishing [...]
Granular mining pool mapping with Bitcoin’s coinbase outputs
How concentrated is block formation in Bitcoin? Which mining pools are dominant, and how long have they held that position? [...]
Don’t trust, verify: A Bitcoin Private case study
Bitcoin Private (BTCP) is a fork-merge of Bitcoin and ZClassic (ZCL, a fork of ZCash that removed the founders’ reward). [...]
Introducing Realized Capitalization
The motivation for the creation of Realized Cap was the realization that “Market Capitalization” is often an empty metric when [...]
What should we expect from Bitcoin’s block size in the coming years?
tl;dr: under full SegWit adoption you should expect blocks in the 1.6-2 mb range, with larger outliers. How big will [...]
Introducing our adjusted transaction volume estimates
As we have exhaustively covered, getting accurate estimates of the actual economic throughput of public blockchains is not a trivial [...]
An analysis of batching in Bitcoin
On May 6th, 2017, Bitcoin hit an all-time high in transactions processed on the network in a single day: it [...]
On data and certainty
Being certain is a lovely thing. Despite what many would allege about the poor finality of proof of work, the [...]
On the difficulty of estimating on-chain transaction volume
We are happy to report that this site is getting quite a bit of attention these days. We never anticipated [...]