State of the Network2021-05-27T22:19:41-04:00

State of the Network


Reporting on the latest network activity


Crypto, Global Markets Fall Amid Renewed Volatility

By |May 10, 2022|Kyle Waters, Nate Maddrey, State of the Network|

As US equity markets closed Monday, bitcoin (BTC) hovered around $31K, the weakest level this year. As the macroeconomic environment and outlook for future interest rates has quickly shifted in 2022 almost every asset class has been stricken with increased volatility.

The BAYC Burn: Breaking Down the Otherside Gas War

By |May 2, 2022|Kyle Waters, Nate Maddrey, State of the Network|

On Saturday night Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) launched their much anticipated “Otherside” metaverse land NFT mint on Ethereum. Although the team posted that they were taking steps to “dramatically soften the potential for a massive gas war” before [...]

NEU Blockchain Club + Coin Metrics: The Cambrian Explosion of Stablecoins

By |April 26, 2022|Kyle Waters, State of the Network|

Coin Metrics was originally founded in 2017 as an open-source project created in response to the dearth of high-quality crypto data needed for research. We’re excited to continue building upon that vision by supporting crypto research at some of the premier academic [...]

Halfway to the Next Halving: The State of Bitcoin in 8 Charts

By |April 19, 2022|Kyle Waters, Nate Maddrey, State of the Network|

Bitcoin is approaching the halfway point to yet another milestone for the protocol, the 4th halving event – the 4th protocol designed 50% reduction in block rewards that occurs every 210,000 blocks (roughly 4 years). The predetermined halving schedule allows [...]

The State of the Network Q1 Mining Data Special

By |March 29, 2022|Kyle Waters, Nate Maddrey, Parker Merritt, State of the Network|

As the crypto asset class matures, understanding the quickly developing landscape of crypto mining is critical. In proof-of-work (PoW) blockchains like Bitcoin and Ethereum, miners play a key role in securing the global, shared ledgers that settle tens of billions [...]

A Deep Dive Into Coin Metrics’ Transfer Value Heuristics

By |March 22, 2022|Kyle Waters, Nate Maddrey, State of the Network|

In 2021, more value was transferred across Bitcoin and Ethereum in dollar terms than ever before, with both networks settling amounts measured in the trillions. As crypto adoption accelerates, more and more eyes are now turning to blockchain data to [...]

Stablecoins Shine as Safe Haven Crypto Assets

By |March 15, 2022|Kyle Waters, Nate Maddrey, State of the Network|

With the crisis in Ukraine entering its third week, crypto markets and the broader financial markets across the globe remain unsettled. Although crypto prices have faced some selling pressure in recent weeks, crypto infrastructure has continued to empower the flow of [...]


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