A Claim in the Ether: Tracking the Soaring Demand for Ethereum Staking
The queue to become an Ethereum validator is rising to new heights. In this edition of State of the Network, we examine essential data and metrics highlighting the current state of the staking ecosystem on Ethereum.
An Introduction to Liquid Staking
In this issue of State of the Network, we discuss the need for liquid staking — which allows users to secure the Ethereum network and participate in on-chain activities while earning staking yields.
FDIC Takeover of Silicon Valley Bank: Assessing the Impact on Stablecoins
Silicon Valley Bank (SIVB) was taken over by the FDIC on Friday morning following a bank run that drained their reserves and threatened the integrity of their depositors’ accounts. Despite the shutdown itself, the uncertainty leading to the FDIC’s action [...]
Decentralized Exchanges Four Months After FTX
Using data from Coin Metrics’ DEX data feed, we examine the underlying activity on Uniswap and Sushiswap to understand usage of this trading infrastructure.
Decoding Crypto Pricing: Insights for Institutional Investors
In this report, we aim to compare and contrast Coin Metrics’ two independent pricing methodologies, elucidate their underlying accounting rationale, and examine their historical performance through real-world case studies.
Dancing with the Regulator: Stablecoin Data in the Wake of New Regulatory Action
In this State of the Network, we examine stablecoin data following the recent regulatory developments surrounding the Binance USD (BUSD) stablecoin.
No Ordinary Number: Exploring Bitcoin Ordinal NFTs
In this State of the Network, we dig into the data behind an emergent use case for Bitcoin blockspace.
DeFi & Real World Assets: An Introduction to Goldfinch Finance
A crucial step in the evolution of DeFi is its intersection with Real-World-Assets (RWAs). In this issue of State of the Network, we explore the theme of RWA-lending with an introduction to Goldfinch Finance—a decentralized credit protocol on Ethereum bringing real world credit [...]
What is MEV anyway?
MEV was never an element of the design of Ethereum—instead, it was an emergent phenomenon, and one that surprised everyone in the crypto community. It went from theoretical to operational (and very profitable) after only a couple of years, raising [...]
Monitoring the Currents of the Crypto Market
The digital asset market is experiencing a surge in activity as we kick off the new year. Bitcoin is up 36% in January rising to $22,500, its highest level since last summer.
Monitoring DeFi Biggest Risk
This report covers one of the biggest risks in DeFi — the rise of a new development paradigm that introduces single points of failure to many DeFi applications. We begin by examining DeFi’s potential to change how financial products are [...]
Mapping out The Merge
After years of research and development, The Merge will transition Ethereum to Proof of Stake fundamentally changing the network’s security and economics, and realizing the most significant upgrade since its 2015 launch.
Public blockchains are settling more value than ever before. But calculating on-chain transfer volume is a non-trivial exercise. Raw data is rife with noise and opportunity for misinterpretation. To create better estimates, Coin Metrics implements a series of rules or [...]