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

State of the Network


Reporting on the latest network activity


Trading Volume Reflects Geographic Shifts in Global Crypto Activity and Adoption

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

Crypto exchanges play a critical role in facilitating crypto adoption. Exchanges serve as the primary point of access to the crypto-economy, allowing users to exchange fiat currencies for crypto assets and stablecoins. For this reason, crypto exchanges are often referred [...]

Helicopter Tokens: A New Look at the Data Behind Some of the Largest Airdrops on Ethereum

By |January 11, 2022|Kyle Waters, Nate Maddrey, State of the Network|

Airdrops have become a highly popular mechanism in the crypto ecosystem for allocating crypto assets to users. In general, an “airdrop” refers to the event of distributing new or existing crypto assets (usually tokens) to a predetermined set of eligible [...]

Crypto’s Biggest Storylines Going Into 2022

By |January 4, 2022|Kyle Waters, Nate Maddrey, State of the Network|

After a transformative 2021 marked by new all-time highs for most of the major cryptoassets and key on-chain metrics, expectations are high for crypto in 2022. In this issue of State of the Network, we analyze some of the most important trends and [...]

Introducing Coin Metrics’ Bitcoin Wallet Metrics

By |December 14, 2021|Antoine Le Calvez, Kyle Waters, State of the Network|

One of Coin Metrics’ goals is to determine the economic significance of public blockchains. We try to achieve this by building metrics that empower people to make informed crypto financial decisions. Among the most interesting features to track for public [...]

Comparing Returns Across the Major ERC-20 Tokens

By |December 7, 2021|Kyle Waters, Nate Maddrey, State of the Network|

One of the primary use cases of Ethereum and other smart contract platforms is the creation of digital tokens. Tokens today represent assets like sovereign currencies (stablecoins), facilitate protocol governance, and broadly help create new incentive mechanisms. There are 389K [...]

Explaining Some of Crypto’s Biggest Data Anomalies

By |November 30, 2021|Kyle Waters, Nate Maddrey, State of the Network|

The history of economics and finance is filled with examples of data oddities and irregularities. Numerous economic time series are marked by sudden spikes and abrupt trend reversals. Some better-known examples include fiat currency collapses, financial crises, flash crashes, and [...]


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