State of the Network is an unbiased, weekly report informed by Coin Metrics’ own network (on-chain) and market data and is an essential resource for professionals and enthusiasts seeking to stay up-to-date on the latest trends and most important developments within the digital assets industry.

State of the Network’s Q3–2022 Mining Data Special
Analyzing some of the most important data points and stories in the mining industry from Q3 2022.

Examining Coin Metrics’ New Staking Metrics
Walking through Coin Metrics’ new staking-related Ethereum metrics released alongside The Merge.

Ethereum’s Successful Entry into the post-Merge Era
At 2:43 AM Eastern Time at block 15537393, Ethereum’s Proof-of-Work era came to an end, ushering in a new age

The Final(ity) Countdown
Coin Metrics is excited to continue providing data-driven coverage of The Merge, Ethereum’s imminent protocol upgrade. In this piece, we

Ethereum’s Bellatrix Upgrade Goes Live in Final Preparation for The Merge
Ethereum moved one step closer to The Merge Tuesday with the activation of Bellatrix, a network upgrade to Ethereum’s Consensus Layer

Mapping Out The Merge
As part of Coin Metrics’ support for Ethereum’s major network upgrade, we are excited to be releasing a new data-driven

TTD set, volatility TBD
With Ethereum’s final steps to PoS now engaged, how is the options market pricing in The Merge? This is a

Mapping Account-based Blockchain Data to Virtual UTXOs
At its core, cryptocurrency utilizes complete transparency to help create trust between anonymous users. In comparison to traditional finance, analyzing

Analyzing Recent Data Behind the Bitcoin Technology Stack
Earlier this year at the Bitcoin 2022 conference, Coin Metrics’ Lucas Nuzzi presented the following diagram showing a sample of some of

Ethereum After EIP-1559
As the upcoming merge with the Beacon Chain approaches, the upgrade to Ethereum’s fee market mechanism brought on by EIP-1559

Exploring the Time-Based Patterns of Blockchain Activity
Blockchains are well known for offering a degree of pseudo-anonymity to transactors. But even though individual transactions might not be

The Ethereum Crowdsale 8 Years Later
After years of testing, research, and development, excitement is building around the potential timeline for Ethereum’s planned move to proof-of-stake (PoS) through