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 of growth, adoption, and the nature of its usage and reserve holdings to gain a holistic understanding of the stablecoin [...]
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Crypto Follows Global Markets Lower to Start 2022
At the beginning of 2021, bitcoin (BTC), ether (ETH), and the broader crypto market were riding high buoyed by institutional adoption and accommodative macroeconomic trends. However, one year later and in a different macro environment, January 2022 has started off [...]
Trading Volume Reflects Geographic Shifts in Global Crypto Activity and Adoption
Crypto exchanges play a critical role in facilitating crypto adoption. Exchanges serve as the primary point of access to the crypto-economy, allowing users to exchange fiat currencies for crypto assets and stablecoins. For this reason, crypto exchanges are often referred [...]
Helicopter Tokens: A New Look at the Data Behind Some of the Largest Airdrops on Ethereum
Airdrops have become a highly popular mechanism in the crypto ecosystem for allocating crypto assets to users. In general, an “airdrop” refers to the event of distributing new or existing crypto assets (usually tokens) to a predetermined set of eligible [...]
Crypto’s Biggest Storylines Going Into 2022
After a transformative 2021 marked by new all-time highs for most of the major cryptoassets and key on-chain metrics, expectations are high for crypto in 2022. In this issue of State of the Network, we analyze some of the most important trends and [...]
The Best of State of the Network in 2021
In this special edition of State of the Network, we look back at some of the best issues in 2021. This year, we’ve asked members of the Coin Metrics team to share their favorite issues from the past year. We're excited to [...]
The State Of The Network 2021 Year In Review
In this special edition of State of the Network we look back at crypto’s biggest storylines of 2021. To explore the data used in this piece check out our free charting tool, formula builder, correlation tool, and mobile apps.
Introducing Coin Metrics’ Bitcoin Wallet Metrics
One of Coin Metrics’ goals is to determine the economic significance of public blockchains. We try to achieve this by building metrics that empower people to make informed crypto financial decisions. Among the most interesting features to track for public [...]
Comparing Returns Across the Major ERC-20 Tokens
One of the primary use cases of Ethereum and other smart contract platforms is the creation of digital tokens. Tokens today represent assets like sovereign currencies (stablecoins), facilitate protocol governance, and broadly help create new incentive mechanisms. There are 389K [...]
Explaining Some of Crypto’s Biggest Data Anomalies
The history of economics and finance is filled with examples of data oddities and irregularities. Numerous economic time series are marked by sudden spikes and abrupt trend reversals. Some better-known examples include fiat currency collapses, financial crises, flash crashes, and [...]