window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-140372647-1');
Coin Metrics' State of the Network

State of the Network is an unbiased, weekly report informed by Coin Metrics’ own network (on-chain) and market data and is an essential resource for professionals and enthusiasts seeking to stay up-to-date on the latest trends and most important developments within the digital assets industry.


Analyzing the Supply Distributions of Projects with On-Chain Governance

December 10, 2019|Nate Maddrey, State of the Network|

It takes a whole network of people to make a public blockchain work. You need miners to validate and secure the ledger. You need developers to maintain and update the protocol’s code. And you need users and investors who use [...]

The Psychology of Bitcoin Bubbles as Measured by Investor Cost Basis

December 3, 2019|Kevin Lu, State of the Network|

Bubbles and subsequent crashes in financial assets occur with regular frequency in economic history, largely due to deeply-rooted cognitive biases in human psychology. In Bitcoin’s ten year history, at least three complete bubble-and-crash cycles have been observed.  We examine the [...]

The Signal and the Nonce: Hunting for ASICs in Nonce Distributions

October 29, 2019|State of the Network|

The Great ASIC Debate. Since the early days of Bitcoin, the community has argued about whether to fight against increasingly powerful mining hardware.  In Bitcoin’s early days, mining was performed by CPUs, which are the standard processing units found in most computers. This [...]

Special Insights

Go to Top