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.

Crypto, Global Markets Fall Amid Renewed Volatility
As US equity markets closed Monday, bitcoin (BTC) hovered around $31K, the weakest level this year. As the macroeconomic environment

The BAYC Burn: Breaking Down the Otherside Gas War
On Saturday night Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) launched their much anticipated “Otherside” metaverse land NFT

NEU Blockchain Club + Coin Metrics: The Cambrian Explosion of Stablecoins
Coin Metrics was originally founded in 2017 as an open-source project created in response to the dearth of high-quality crypto data needed

Halfway to the Next Halving: The State of Bitcoin in 8 Charts
Bitcoin is approaching the halfway point to yet another milestone for the protocol, the 4th halving event – the 4th

Launching Uniswap Swap Data
As part of an ongoing effort at Coin Metrics to collect and contextualize on-chain data from DeFi protocols, we’re excited

The State of the Network Q1 2022 Wrap-Up
In this special edition of State of the Network we take a data-driven look at crypto’s biggest storylines of Q1, 2022. Crypto on

The State of the Network Q1 Mining Data Special
As the crypto asset class matures, understanding the quickly developing landscape of crypto mining is critical. In proof-of-work (PoW) blockchains

A Deep Dive Into Coin Metrics’ Transfer Value Heuristics
In 2021, more value was transferred across Bitcoin and Ethereum in dollar terms than ever before, with both networks settling

Stablecoins Shine as Safe Haven Crypto Assets
With the crisis in Ukraine entering its third week, crypto markets and the broader financial markets across the globe remain

Ukraine Receives over $45M in Crypto Donations
Amid the tragedy of war in Ukraine, the crypto ecosystem has served as a critical lifeline for Ukraine and its

Crypto for Ukraine
Following Russia’s invasion of Ukraine last week the crypto community has banded together to help support Ukraine and its citizens,

Analyzing Wrapped Bitcoin Usage on Ethereum
The growth of decentralized finance (DeFi) applications has accelerated demand for tokenized assets that can be traded, lent out, and