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.

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

Searching Millions of SEC Filings for Crypto-Related Terms
The first ever mention of Bitcoin in a document filed with the U.S. Securities and Exchange Commission (SEC) was appropriately

Exploring OpenSea Analytics Using On-chain Data
Up until now, the data produced by websites and apps has typically been controlled by companies or organizations. Although some

Analyzing Recent On-Chain Trends in Stablecoin Activity
Stablecoins have become one of the most discussed categories within the crypto ecosystem, and for good reason: last year stablecoins settled

Crypto Follows Global Markets Lower to Start 2022
At the beginning of 2021, bitcoin (BTC), ether (ETH), and the broader crypto market were riding high buoyed by institutional

Trading Volume Reflects Geographic Shifts in Global Crypto Activity and Adoption
Crypto exchanges play a critical role in facilitating crypto adoption. Exchanges serve as the primary point of access to the

Helicopter Tokens: A New Look at the Data Behind Some of the Largest Airdrops on Ethereum
Airdrops have become a highly popular mechanism in the crypto ecosystem for allocating crypto assets to users. In general, an

Crypto’s Biggest Storylines Going Into 2022
After a transformative 2021 marked by new all-time highs for most of the major cryptoassets and key on-chain metrics, expectations are high