Data-driven research reports diving deep into foundational or novel topics in the digital assets ecosystem.
Trusted Exchange Framework 2.0
Centralized exchanges are a vital part of the crypto ecosystem but vary widely in quality across several use-cases. In order to promote transparency, innovation, and trust for the industry and its users, Coin Metrics is releasing an update to the Trusted Exchange Framework which quantitatively and rigorously assesses exchanges across [...]
Recent
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around [...]
What is MEV Anyway?
The concept of MEV has sparked a significant amount of interest and concern in the blockchain community, and this paper [...]
Monitoring DeFi Biggest Risk
This report covers one of the biggest risks in DeFi — the rise of a new development paradigm that introduces [...]
Mapping out The Merge
After years of research and development, The Merge will transition Ethereum to Proof of Stake fundamentally changing the network’s security [...]
On-Chain Volume
Public blockchains are settling more value than ever before. But calculating on-chain transfer volume is a non-trivial exercise. Raw data [...]
The Rise of NFTs
Since the dawn of the Internet people have been creating content and sharing it online. From videos, to music, to [...]
The Crypto Futures Data Primer
Derivatives are complex investment products, often used as part of advanced trading strategies. Understanding futures fundamentals can give you deeper [...]
On-Chain Indicators
Bitcoin represented (among other things) a huge step forward in terms of financial data transparency. Since all transactions are publicly [...]
The Rise of Stablecoins
The idea of having a stable digital currency has existed for a long time, and even predates Bitcoin. But for [...]
Recent Research
Zooming Out: A datonomy Update
In this issue of Coin Metrics’ State of the Network, we leverage datonomy—a classification system for digital assets to zoom out and gauge the ecosystem and its underlying trends from a broader lens.
SOTM May 18-24, 2023
Past U.S. presidents have harbored hostility towards crypto, but 2024's cast of candidates are coming to consensus on a new view. Last Friday, Robert F. Kennedy Jr. took the stage at the Bitcoin 2023 conference, expressing admiration for the asset's [...]
A Claim in the Ether: Tracking the Soaring Demand for Ethereum Staking
The queue to become an Ethereum validator is rising to new heights. In this edition of State of the Network, we examine essential data and metrics highlighting the current state of the staking ecosystem on Ethereum.