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.
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.
Reviewing the Liquidity Landscape
In this edition of State of the Network, we zoom in on essential trading volume and market data trends to contextualize the current market environment for digital asset participants.
Bidding on Bytes: A Bitcoin & Ethereum Fee Market Update
In this week’s issue of State of the Network, we delve into the data behind the latest fee market frenzy that has simultaneously engulfed both the Ethereum and Bitcoin networks.
Maker’s Dai Dilemma
Maker is one of the oldest DeFi protocols and the creator of Dai—the largest crypto-backed stablecoin by market capitalization ($4.7 Billion). But today, Maker is facing a major dilemma: how can the DAO achieve stability and decentralization of Dai?
State of the Network Foundations: Blockchain Addresses
Today we are debuting a new State of the Network series entitled Foundations. This new series will present various “technical” aspects of blockchain technology in an approachable way along with relevant data. In this week’s issue, we start with the concept [...]
Reviewing Ethereum’s Shapella Upgrade
In this week’s State of the Network, we analyze the network impacts and economic ramifications of the Shapella upgrade through the data we have observed in the days after its activation.
The Shanghai Redemption: Ethereum’s Latest Upgrade
In this issue of the State of The Network, we will be covering the Ethereum “Shapella” upgrade, the latest milestone in the ongoing evolution of the Ethereum blockchain.
State of the Network’s Q1 2023 Wrap-Up
In this special edition of State of the Network, we take a data-driven look at the most important events that impacted the digital assets industry from the first quarter of 2023.
State of the Network’s Q1 2023 Mining Data Special
In our 200th issue of State of the Network, we share a special report on Bitcoin Mining Data for Q1 2023. Following one of mining’s roughest years in 2022, miners are proving their resiliency and enjoying a comeback this first [...]
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 [...]
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around the clock, 24 hours a day, 7 days a week, and 365 days a year. These assets are well-known for [...]
What is MEV Anyway?
The concept of MEV has sparked a significant amount of interest and concern in the blockchain community, and this paper aims to shed light on what it is and why it matters. We will begin by examining the fundamental principles [...]