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

State of the Network


Reporting on the latest network activity


Following Celsius’ On-Chain Financial Activity as Withdrawals are Halted

By |June 14, 2022|Kyle Waters, Lucas Nuzzi, Nate Maddrey, State of the Network|

Late Sunday night (ET), the Celsius Network, one of the largest crypto asset lenders, dampened the mood on an already fragile crypto market with news that it was pausing all withdrawals, swaps, and transfers of crypto assets for user accounts on the [...]

Surveying Stablecoins in the Wake of the LUNA/UST Collapse

By |May 17, 2022|Kyle Waters, Nate Maddrey, State of the Network|

Stablecoins have come under increased scrutiny over the last week following TerraUSD’s (UST) sudden collapse. On May 12th, Tether (USDT) – the largest stablecoin today by total supply – started to dip below its $1 peg, causing some brief panic [...]

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 [...]


Explore our new network data charting capabilities. Enjoy access to all of our community metrics for dozens of assets in an easy to use interface.

Check it out
Go to Top