The State of Bitcoin: Q2 Reset
After a big Q1 bitcoin (BTC) has been relatively quiet so far in Q2, even as ether (ETH), Dogecoin (DOGE) and other cryptoassets have exploded. In 2020 and early 2021 changing macroeconomic conditions helped fuel BTC’s rise and bring in a new [...]
Ethereum’s Institutional Evolution
Ether (ETH) once again reached new all-time highs this past week. Price climbed to over $3,300 after dropping below $2,100 less than two weeks ago. But although ETH is breaking new highs in terms of USD, it’s still well below [...]
State of the Network’s 100 Crypto Data Insights
State of the Network just turned 100! In a special edition to celebrate the release of the 100th issue of State of the Network we’ve put together 100 crypto data insights. The insights include a mix of on-chain data and [...]
Introducing the Crypto Futures Data Primer
After topping $63K last week bitcoin (BTC) came crashing back down to earth this weekend. Following Coinbase’s IPO on Wednesday market sentiment was at a high amidst a rush of new media coverage. But by the end of the week [...]
DAI’s Stabilizing Growth
Stablecoins are a key part of the crypto ecosystem. But despite the name, stablecoins aren’t always stable. On April 3rd Fei Labs launched FEI, a new algorithmic stablecoin. But just a week after launch price dropped as low as $0.75, [...]
Bitcoin On-Chain Indicators Update
In December 2020 we released the Bitcoin On-chain Indicators Primer, an in-depth introduction on how to use on-chain data to help gauge crypto market cycles. A lot has happened since then, including several new all-time highs for both bitcoin (BTC) and [...]
The State of the Network Q1 Wrap-Up
Crypto has already undergone rapid expansion in 2021. We’ve seen new all-time highs and a new wave of adoption and excitement. In this special issue of State of the Network we look back at Q1 2021 and analyze the data [...]
The Ethereum Gas Report
Ethereum adoption is growing like never before. Decentralized finance (DeFi) continues its rapid rise, stablecoins are being adopted around the world, and NFTs are becoming an everyday topic of conversation.
A Year After The Crash
On March 12, 2020, amid rising panic over the rapid spread of COVID-19, bitcoin (BTC) crashed from about $8,000 to under $4,000 in a 24 hour period. The rest of the crypto market came crashing down with it. Now, a [...]
Measuring Ethereum Miner Activity
The Ethereum community has always had a somewhat strained relationship with miners. The network’s proof of work algorithm, Ethash, was explicitly designed to be resistant to ASIC mining and hence miner professionalization. Since then, the network’s migration to Proof of [...]