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.

Analyzing Miner to Exchange Flows
Miners are often considered natural sellers of bitcoin (BTC). Their revenue is earned from block rewards and transaction fees which

Crypto Trust Supply Sinks
Late last week BNY Mellon, the world’s largest custodian bank with over $2 trillion in assets under management, became the

Inflection Points
Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio.

In Retrospect, It Was Inevitable
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing

Fear, Uncertainty, and Double-Spends
As bitcoin (BTC) price reaches new all-time highs, renewed rounds of fear, uncertainty, and doubt (aka FUD) have come with

Altseason Watch
It’s starting to feel a lot like altseason. That magical time of year when people you went to high school

Bitcoin Highs and Lows
It was a crazy week for bitcoin and for the world. On January 6th the US was thrown into civil

Crypto’s Biggest Storylines Going Into 2021
The end of 2020 saw crypto climb to new highs. In this issue of State of the Network we look

State of the Network Best of 2020
In this special edition we look back at the best issues of State of the Network over the past year.

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

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

The Bitcoin On-Chain Indicators Primer
We’re excited to introduce our latest in-depth research report: The Bitcoin On-Chain Indicators Primer.