State of the Network2021-05-27T22:19:41-04:00

State of the Network


Reporting on the latest network activity


The State of the Network Q1 Mining Data Special

By |March 29, 2022|Kyle Waters, Nate Maddrey, Parker Merritt, State of the Network|

As the crypto asset class matures, understanding the quickly developing landscape of crypto mining is critical. In proof-of-work (PoW) blockchains like Bitcoin and Ethereum, miners play a key role in securing the global, shared ledgers that settle tens of billions [...]

A Deep Dive Into Coin Metrics’ Transfer Value Heuristics

By |March 22, 2022|Kyle Waters, Nate Maddrey, State of the Network|

In 2021, more value was transferred across Bitcoin and Ethereum in dollar terms than ever before, with both networks settling amounts measured in the trillions. As crypto adoption accelerates, more and more eyes are now turning to blockchain data to [...]

Stablecoins Shine as Safe Haven Crypto Assets

By |March 15, 2022|Kyle Waters, Nate Maddrey, State of the Network|

With the crisis in Ukraine entering its third week, crypto markets and the broader financial markets across the globe remain unsettled. Although crypto prices have faced some selling pressure in recent weeks, crypto infrastructure has continued to empower the flow of [...]

Analyzing Wrapped Bitcoin Usage on Ethereum

By |February 23, 2022|Kyle Waters, Nate Maddrey, State of the Network|

The growth of decentralized finance (DeFi) applications has accelerated demand for tokenized assets that can be traded, lent out, and borrowed with limited intermediation on crypto financial rails.  The rise of U.S. dollar-pegged stablecoins – worth in aggregate over $150B [...]

Searching Millions of SEC Filings for Crypto-Related Terms

By |February 15, 2022|Kyle Waters, Nate Maddrey, State of the Network|

The first ever mention of Bitcoin in a document filed with the U.S. Securities and Exchange Commission (SEC) was appropriately entrepreneurial:  “STARTING A BITCOIN VENTURE.” Found in a supplementary list of loan requests submitted by a peer-to-peer lending company Prosper Marketplace in [...]

Exploring OpenSea Analytics Using On-chain Data

By |February 8, 2022|Kyle Waters, Nate Maddrey, State of the Network|

Up until now, the data produced by websites and apps has typically been controlled by companies or organizations. Although some of it is selectively made public through APIs much is hidden away in private servers. Applications built on blockchains flip [...]


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