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.
JPEG Summer: Exploring The Data Behind the NFT Boom
Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March. The
Analyzing EIP-1559’s ETH Burn
On Thursday, August 5th EIP-1559 went live as part of Ethereum’s London hard fork. Less than a week after the
Analyzing Tether and USDC Usage Patterns
The total supply of stablecoins is near 110B today, almost a 4x increase over the supply at the beginning of
Understanding Total Value Locked (TVL)
Decentralized Finance (DeFi) has become one of the industry’s most vibrant topics, with dozens of new projects launching on a
Crypto Google Search Trends Analysis
Google search data is often used to analyze a wide-variety of trends. Although a Google search doesn’t necessarily translate into
The State of the Network Q2 Wrap-Up
After a strong start to the year, the second-quarter of 2021 was headlined by a crypto-wide crash. But despite the
Ethereum Gas Update
Ethereum gas price has dropped down to its lowest levels since March, 2020. While a few months ago average gas price
Using On-Chain Indicators To Assess The Current Market Cycle
The crypto markets dropped again this past week after more news of Chinese regulation, including the PBOC telling the country’s major
Analyzing Bitcoin Dominance and the Altcoin Boom
Weekly Research Focus Analyzing Bitcoin Dominance and the Altcoin Boom By Nate Maddrey and the Coin Metrics Team Bitcoin dominance dropped to under 40%
Analyzing Bitcoin Dominance and the Altcoin Boom
Weekly Research Focus Analyzing Bitcoin Dominance and the Altcoin Boom By Nate Maddrey and the Coin Metrics Team Bitcoin dominance dropped to under 40%
Bitcoin Becomes Legal Tender
On June 9th the El Salvador congress passed a bill officially making bitcoin (BTC) legal tender. A pivotal moment for
Trading Volume Trends
Over the last month, ether (ETH) trading volume has caught up with bitcoin (BTC) volume on Binance, the largest exchange
