State of the Network is an unbiased, weekly report informed by Coin Metrics’ own network (on-chain) and market data and is an essential resource for professionals and enthusiasts seeking to stay up-to-date on the latest trends and most important developments within the digital assets industry.

The Evolving Relationship Between Ethereum and Its Layer-2s
In this special edition of Coin Metrics’ State of the Network, we explore the evolving relationship between Ethereum and its Layer-2

State of the Network’s Q1 2025 Wrap Up
In this special edition of Coin Metrics’ State of the Network, we take a data-driven dive into the major developments, market

Q1 2025 Bitcoin Data Special
In this issue of Coin Metrics’ State of the Network, we provide an update on the Bitcoin mining landscape, including miner

The Cross-Currents Shaping Crypto Markets
In this issue of Coin Metrics’ State of the Network, we assess the drivers behind recent weakness in crypto markets and

How-ey Can Get Out of Here
In this issue of Coin Metrics’ State of the Network, we’ll address some of Commissioner Peirce’s questions and demonstrate how on-chain

Analyst Spotlight Solana Overview
In this issue of Coin Metrics’ State of the Network, we bring you the latest installment in our “Asset Spotlight” series, this

Bybit Burglarized For a Billion
In this issue of Coin Metrics’ State of the Network, we turn our attention to the Bybit exchange hack, utilizing on-chain

Pectra: Ethereum’s Next Major Upgrade
In this issue of Coin Metrics’ State of the Network, we break down Pectra’s key changes and what they mean for

Previewing Coinbase Q4 2024 Earnings
In this issue of Coin Metrics’ State of the Network, we preview Coinbase’s Q4 2024 earnings using a combination of Coin

Checking in on Solana After the Launch of TRUMP
In this issue of Coin Metrics’ State of the Network, we analyze how Solana fared during this period, examining exchange volumes,

Precog and Bittensor: Redefining Crypto Market Intelligence
In this issue of Coin Metrics’ State of the Network, we’ll dive into what Bittensor is, how its subnets work, and

Bitcoin ETFs, One Year Later
In this week’s issue of Coin Metrics’ State of the Network, we reflect on the remarkable success of spot Bitcoin ETFs