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 Look Back at the Last Year of ETH On-Chain Data
Last week, Ethereum (ETH) celebrated its 4th birthday. In honor of the occasion, we looked back at the last 365 days

Analyzing BitMEX Net Flow Since Investigation Announcement
On July 19th, Bloomberg reported that the CFTC is conducting a probe on BitMEX. Since then, BitMEX has had an aggregate net

The Amount of Bitcoin Untouched for At Least 5 Years is at an All-Time High
The amount of Bitcoin (BTC) supply that has been untouched (i.e. not transferred) for at least five years recently reached

A Majority of BSV Transactions are Coming From a Weather App
Recently, we have been researching the on-chain activity of Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV) as part

Introducing the RVTC Ratio
Metrics for evaluating crypto assets are still evolving. Initially, metrics from traditional equity markets, like float adjusted market cap, quickly

Litecoin Will Test the Block Reward Reduction Theory in August 2019
Litecoin’s block reward halving, anticipated to occur in August 2019, will test the effect that halvings have on prices and

Examining The First Week of Libra Testnet Data
Transactions In order to serve as a global currency, Facebook is designing Libra to be scalable (i.e. high throughput). Libra

Tether’s Lead Grows as Facebook Looms
But it will be entering a crowded market, that as of today is still dominated by Tether. We compared data

Comparing exchange volume to on-chain deposits
In pursuit of our objective to characterize the economic nature of all major public blockchains, we have sought to understand the

Thoughts on Supply Distribution
Today, 96% of all of the 26 million Ether addresses with a balance hold one or fewer units of ETH.

Research Highlight: Ripple
As part of Coin Metrics standard due diligence process when adding new assets/nodes to our Pro data services, we noticed