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Analyst Spotlight Tether (USDT) Overview
Discover why Tether (USDT) is the leading stablecoin in Coin Metrics’ latest analysis, highlighting its deep liquidity, peg stability, and
Stablecoin Sector Analysis
Stablecoins—digital assets designed to maintain a stable value, typically pegged to the U.S. dollar—have rapidly evolved from niche trading tools
Analyst Spotlight Solana Overview
Solana’s focus on high transaction throughput and cheap fees has allowed developers to deploy products that may not have been
Investigating Bitcoin’s Changing Correlations
Is Bitcoin an Uncorrelated Financial Asset, A Safe Haven Asset, or Both? Investigating Bitcoin’s Changing Correlations By Nate Maddrey and the Coin Metrics Team
The Signal and the Nonce Redux: From S9s to S17s
As Bitcoin enters its next halving, the network is experiencing several simultaneous transitions. In addition to the severe change in
Understanding Miner Economics From First Principles
The next halvening is approaching, yet debate about its impact on asset prices remains mired in controversy. Two camps have
Cryptoasset Free Float: An Exploration of Supply Dynamics
In designing market cap weighted indexes, the primary goal of a benchmark administrator is to provide the most accurate representation
The BitMEX Liquidation Spiral
Analyzing How Crypto’s Nascent Market Structure Held Up During the Crash In the previous issue of State of the Network,
Data Shows Cryptoasset Sell-off Was Driven by Short-term Holders
On March 12th, amidst growing concerns over the COVID-19 pandemic, Bitcoin (BTC) suffered one of its largest one-day price drops
Using MVRV To Analyze Investor Behavior
Speculators vs Holders: Using MVRV To Analyze Investor Behavior In two previous issues of State of the Network (Primer on
Cryptoasset Valuation Research Primer, Part 2
In a previous State of the Network, we published the first part of our cryptoasset valuation research primer focused on summarizing and
In Search of an Elusive BCH Jackpot
The Miner’s Dilemma: In Search of an Elusive BCH Jackpot “I thought for a long time whether to write here.
Analyzing Crypto Supply Distribution Patterns
Those who control the wealth often control the power. But up until now, wealth distribution has been relatively hard to
Cryptoasset Valuation Research Primer, Part 1
Cryptoassets represent a significant innovation in the evolution of money and the modern financial system. Valuing cryptoassets remains very much
Setting the Stage for A Total Return Crypto Index
In traditional capital markets, corporate actions are events that could bring a change to the securities (equity or debt) of
