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.
An Overview of the Basis Trade
One of the most popular trades for any commodity futures is the basis trade. This is when traders build a
The Privacy Issue
The early 1990’s saw the dissemination of two great forces that would come to shape the next decades: the Internet,
The Business Trends of Crypto Exchanges
State of the Network has predominantly focused on the network and market data happenings of the crypto industry. In this
How YAM’s Collapse Drove Ethereum Fees to New Heights
On August 12th Ethereum’s total daily transactions fees topped $6.87M, shattering the previous all-time high of $4.55M set in January
Introducing the Coin Metrics Quarterly Supply Transparency Report
Part of Coin Metrics’ mission is to provide the community with transparent cryptoasset market and network data that allows investors
Surveying the Bitcoin Perpetual Swap Market
The crypto market is still young and the contract structure of derivatives varies across exchanges. Derivatives lack a standard methodology
Introducing Coin Metrics’ Trusted Volume Framework
Fake trading volume is a persistent problem on crypto exchanges. With little regulatory oversight, it can be difficult to determine
Analyzing The Early Uses of Bitcoin
Since its inception in 2009, Bitcoin triggered many discussions around its raison d’être. Conflicts between different points of view of what
The Rise of Stablecoins
Stablecoin supply has exploded in 2020 but it’s unclear exactly why. After it took 5 years for stablecoin supply to
When Markets Misalign: Mispricings and Reference Rates
Price discrepancies between exchanges can emerge for a variety of reasons, including market manipulation, exchange downtime, and trader error. These
Introducing Free Float Supply
Until now, a standardized approach to determining the free float supply (the supply that is available to the market) of
Digital Alchemy: Do Coinbase Listings Turn Altcoins Into Gold?
A Coinbase listing has historically shown, not surprisingly, to have a positive impact on listed assets’ prices immediately following the
