State of the Network’s Q3 2023 Mining Data Special
In this week’s State of the Network, we return with our quarterly mining data special, where we provide a close examination of the current Bitcoin mining landscape through the lens of Coin Metrics’ data.
Recent
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 language of securities frameworks into objective, measurable criteria derived from blockchain (“on-chain”) data. Below, we give a high-level introduction to [...]
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 of New York issued a partial summary judgment on July 13th, favoring some of Ripple Labs Inc.’s defense in its protracted enforcement [...]
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.
Bitcoin & the Rest: Measuring the First Cryptocurrency’s Hold on the Market
Measuring bitcoin's dominance in the digital assets ecosystem.
State of the Network Foundations: Hashes
In this week’s State of the Network we return with our Foundations series, which presents various “technical” aspects of blockchain technology in an approachable way. In this week’s issue, we turn to the concept of a hash, one of the core cryptographic elements enabling the [...]
The Signal & the Nonce, Reimagined
Adopting a new methodology, we present novel data to rethink some of Bitcoin’s most pressing issues including electricity consumption, miner efficiency, and E-waste.
Token Unlocks & Free Float Supply Shocks in Digital Asset Markets
In this issue of Coin Metrics’ State of the Network, we analyze the mechanism of token unlocks, where early investors and insiders gain access to funds in a token that were previously locked, and their potential market impacts.
Zooming Out: A datonomy Update
In this issue of Coin Metrics’ State of the Network, we leverage datonomy—a classification system for digital assets to zoom out and gauge the ecosystem and its underlying trends from a broader lens.
Special Insights
The Signal & The Nonce
This paper introduces a methodology for determining the market share of every major Bitcoin mining machine, or ASIC, by analyzing nonce patterns and incorporating data sourced from real-world ASICs. Using novel data produced by our analysis, we can generate estimates [...]
Trusted Exchange Framework 2.0
Centralized exchanges are a vital part of the crypto ecosystem but vary widely in quality across several use-cases. In order to promote transparency, innovation, and trust for the industry and its users, Coin Metrics is releasing an update to the [...]
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around the clock, 24 hours a day, 7 days a week, and 365 days a year. These assets are well-known for [...]