Explore the digital assets ecosystem through our catalog of original data-driven research.
SOTM Nov 30-Dec 6, 2023
Welcome to our 149th issue of State of the Market, where we provide an overview of crypto market activity from November 30 - December 6, 2023. Bitcoin's rapid rise above $44K comes paired with massive upticks in derivatives activity, with [...]
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Revisiting the Block Reward Halving Theory
The upcoming block reward halving for Bitcoin, anticipated in May 2020, has already given rise to intense discussion about its [...]
Ranking Crypto Assets by Auditability
In Medieval times, landed estates’ accounts were read out loud to a person charged by the local ruler to ensure [...]
Analyzing the Supply Distributions of Projects with On-Chain Governance
It takes a whole network of people to make a public blockchain work. You need miners to validate and secure [...]
The Psychology of Bitcoin Bubbles as Measured by Investor Cost Basis
Bubbles and subsequent crashes in financial assets occur with regular frequency in economic history, largely due to deeply-rooted cognitive biases [...]
Weekly Network Data Insights
Crypto markets took a significant downturn towards the tail end of last week, with BTC price dropping to six-month [...]
How Many Bitcoins Are Permanently Lost?
Bitcoin’s whitepaper, which recently turned 11 years old, is so concise that it makes only a passing mention of supply: [...]
The Evolution of Ethereum Tokens
In 2015, Ethereum ushered in a new era for blockchains: the age of the token. Broadly defined, a “token” represents [...]
Macroeconomic Indicators for the Crypto-Economy
Just like a nation state’s economy has economic concepts (such as gross domestic product, inflation, and unemployment), a crypto asset [...]
The Signal and the Nonce: Hunting for ASICs in Nonce Distributions
The Great ASIC Debate. Since the early days of Bitcoin, the community has argued about whether to fight against increasingly powerful mining [...]