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.

Navigating the Avalanche: An Introduction to the Avalanche Network
In this week’s issue of Coin Metrics’ State of the Network, we navigate Avalanche’s role in the digital asset ecosystem. We’ll explore

Ethereum’s Dencun Upgrade
In this week’s issue of State of the Network, we delve into the details of the Dencun upgrade. We will explore the nature

Conducting the ETH Census
The Unexpected Challenge of Calculating Ethereum’s Total Supply

Tether’s Ascent: Breaking Down the Dominant Stablecoin’s Growth
In this week’s issue of Coin Metrics’ State of the Network, we delve into Tether’s recent all-time highs, exploring its primary avenues

A Short Guide to Bitcoin On-Chain Data for ETF Newcomers
In this edition of State of the Network, we turn our attention to the cohort of ETF newcomers now taking a

Market Structure on the Cusp of Spot Bitcoin ETFs
In this issue of Coin Metrics’ State of the Network, we delve into the digital asset market structure and examine dynamics

State of the Network’s 2024 Crypto Outlook
Digital assets rebounded sharply in 2023 as market conditions improved across the board and institutional interest accelerated alongside the impending

Best of State of the Network in 2023
In this special edition of the State of the Network, we reflect on a year full of riveting data and crucial

State of the Network’s 2023 Year in Review
In this special issue of State of the Network, we revisit the major stories that shaped the digital assets industry in

State of the Network’s Q4 2023 Mining Data Special
This past year has been an eventful one for Bitcoin miners, marked by a major expansion in hashrate across North

State of Stablecoins: Signs of Returning Liquidity
The supply of Tether (USDT) nears $90B, an all-time high Stablecoin supply utilization on DeFi increases Tether on Tron continues

Evaluating a Dollar-Cost Averaged Portfolio
Dollar cost averaging (DCA) has become a key strategy for investors navigating the unpredictable realms of digital assets. This approach