Reporting on the latest network activity
By Coin Metrics|2021-05-12T13:55:48+00:00May 11, 2021|Nate Maddrey, State of the Network|
After a big Q1 bitcoin (BTC) has been relatively quiet so far in Q2, even as ether (ETH), Dogecoin (DOGE) and other cryptoassets have exploded. In 2020 and early 2021 changing macroeconomic conditions helped fuel BTC’s rise and bring in a new [...]
By Coin Metrics|2021-05-04T15:25:33+00:00May 4, 2021|Nate Maddrey, State of the Network|
Ether (ETH) once again reached new all-time highs this past week. Price climbed to over $3,300 after dropping below $2,100 less than two weeks ago. But although ETH is breaking new highs in terms of USD, it’s still well below [...]
By Coin Metrics|2021-04-27T12:05:10+00:00April 27, 2021|Nate Maddrey, State of the Network|
State of the Network just turned 100! In a special edition to celebrate the release of the 100th issue of State of the Network we’ve put together 100 crypto data insights. The insights include a mix of on-chain data and [...]
By Coin Metrics|2021-04-20T14:42:17+00:00April 20, 2021|Nate Maddrey, State of the Network|
After topping $63K last week bitcoin (BTC) came crashing back down to earth this weekend. Following Coinbase’s IPO on Wednesday market sentiment was at a high amidst a rush of new media coverage. But by the end of the week [...]
By Coin Metrics|2021-04-16T17:32:29+00:00April 13, 2021|Nate Maddrey, State of the Network|
Stablecoins are a key part of the crypto ecosystem. But despite the name, stablecoins aren’t always stable. On April 3rd Fei Labs launched FEI, a new algorithmic stablecoin. But just a week after launch price dropped as low as $0.75, [...]
By Coin Metrics|2021-04-07T13:29:20+00:00April 6, 2021|Nate Maddrey, State of the Network|
In December 2020 we released the Bitcoin On-chain Indicators Primer, an in-depth introduction on how to use on-chain data to help gauge crypto market cycles. A lot has happened since then, including several new all-time highs for both bitcoin (BTC) and [...]
By Coin Metrics|2021-03-30T20:39:35+00:00March 30, 2021|Nate Maddrey, State of the Network|
Crypto has already undergone rapid expansion in 2021. We’ve seen new all-time highs and a new wave of adoption and excitement. In this special issue of State of the Network we look back at Q1 2021 and analyze the data [...]
By Coin Metrics|2021-03-24T04:40:28+00:00March 23, 2021|Nate Maddrey, State of the Network|
Ethereum adoption is growing like never before. Decentralized finance (DeFi) continues its rapid rise, stablecoins are being adopted around the world, and NFTs are becoming an everyday topic of conversation.
By Coin Metrics|2021-03-16T19:58:50+00:00March 16, 2021|Nate Maddrey, State of the Network|
On March 12, 2020, amid rising panic over the rapid spread of COVID-19, bitcoin (BTC) crashed from about $8,000 to under $4,000 in a 24 hour period. The rest of the crypto market came crashing down with it. Now, a [...]
By Coin Metrics|2021-03-09T13:40:31+00:00March 9, 2021|Karim Helmy, Nate Maddrey, State of the Network|
The Ethereum community has always had a somewhat strained relationship with miners. The network’s proof of work algorithm, Ethash, was explicitly designed to be resistant to ASIC mining and hence miner professionalization. Since then, the network’s migration to Proof of [...]
