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.

Evaluating the Market Quality of DeFi Collateral
In this issue of State of the Network, we use a combination of Coin Metrics’ Network Data (DeFi Balance Sheets)

Exploring Common Ownership Patterns Across Major Stablecoins on Ethereum
In this issue of State of the Network, we explore common ownership patterns across major stablecoins on Ethereum using on-chain data

Beauty in Predictability: Understanding the Bitcoin Halving Cycle
In this issue of State of the Network, we give an overview of the concept of halvings, their implications, and examine

From East to West: the Global Pulse of Stablecoin Transactions
In this report, we share a new data-driven approach to estimate the geographical preference around stablecoins.

DeFi’s Double-Edged Sword (Preview)
In our new special insights report, we zoom into DeFi lending markets to illuminate their unique features and risks, particularly

Decoding the Digital Dollar (Preview)
Last week, the U.S. House Committee on Financial Services convened to discuss proposed legislation, including H.R. 4766, or the “Clarity for

From Orange Groves to Orange Gold (Preview)
Today we are excited to be releasing a sweeping new report that offers a methodology to translate the existing legal

Currents Shift After SEC v. Ripple Summary Judgment
In a significant development for the digital assets industry as a whole, the U.S. District Court for the Southern District

Spot On: From Trusts to Spot ETFs
We take a data-driven look at the most important events that impacted the digital assets industry from Q2 2023.

State of the Network’s Q2 2023 Wrap-Up
We take a data-driven look at the most important events that impacted the digital assets industry from Q2 2023.

State of the Network’s Q2 2023 Wrap-Up
We take a data-driven look at the most important events that impacted the digital assets industry from Q2 2023.

Bitcoin & the Rest: Measuring the First Cryptocurrency’s Hold on the Market
Measuring bitcoin’s dominance in the digital assets ecosystem.