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: Issue 82](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN82-768x403.png)
The State Of The Network 2020 Year In Review
In this special year end edition of State of The Network we review crypto’s tumultuous 2020 run. To explore the
![State of the Network: Issue 81](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN81-768x403.png)
Bitcoin As A Hedge Against Inflation
For most of its existence institutions have stayed away from investing in bitcoin, typically citing it as a risky, speculative
![State of the Network: Issue 80](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN80-768x403.png)
The Bitcoin On-Chain Indicators Primer
We’re excited to introduce our latest in-depth research report: The Bitcoin On-Chain Indicators Primer.
![State of the Network: Issue 79](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN79-768x403.png)
Signs of Institutional Investors
Over the past few weeks, Ari Paul, Luke Martin, and other commentators have noted that bitcoin’s upward price movements since
![State of the Network: Issue 78](https://coinmetrics.io/wp-content/uploads/2021/02/STON78-768x403.png)
Dissecting a Bitcoin Bull Market
A pandemic, followed by global societal shutdowns, followed by rampant social unrest, followed by increased political polarization, followed by unprecedented
![State of the Network: Issue 77](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN77-768x403.png)
The State of DeFi Tokens
Decentralized finance (DeFi) took over the crypto world during the summer. But it cooled off after September, and has taken
![State of the Network: Issue 76](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN76-768x403.png)
Bitcoin: An Unprecedented Experiment in Fair Distribution
Much has been written about the fundamental differences between Bitcoin and other asset classes. In fact, juxtapositions of Bitcoin and
![State of the Network: Issue 75](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN75-768x403.png)
Following Flows: A Look at Miners’ On-Chain Payments
Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies miner holdings
![State of the Network: Issue 74](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN74-768x403.png)
Fundamentals Show Bitcoin Is Poised for Takeoff
On October 21st Bitcoin (BTC) broke out, rising by about $1,000 on the day. Since then it has topped $13,000
![State of the Network: Issue 73](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN73-768x403.png)
Q3 Refresh of Trusted Spot Volume Framework
This post is designed to be a follow up to our ‘trusted volume’ framework post (link) earlier this summer. We
![State of the Network: Issue 72](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN72-768x403.png)
Analyzing the Fallout from the BitMEX Lawsuits
On October 1st, the CFTC and Department of Justice jointly announced charges filed against BitMEX’s owners and operators. The CFTC is
![State of Network: Issue 71](https://coinmetrics.io/wp-content/uploads/2021/02/SOTN71-768x403.png)
Introducing the CMBI Multi Asset Series
In this week’s State of the Network we are excited to announce the release of the CMBI Multi Asset Series, the