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.
The State of DeFi Tokens
Decentralized finance (DeFi) took over the crypto world during the summer. But it cooled off after September, and has taken
Bitcoin: An Unprecedented Experiment in Fair Distribution
Much has been written about the fundamental differences between Bitcoin and other asset classes. In fact, juxtapositions of Bitcoin and
Following Flows: A Look at Miners’ On-Chain Payments
Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies miner holdings
Fundamentals Show Bitcoin Is Poised for Takeoff
On October 21st Bitcoin (BTC) broke out, rising by about $1,000 on the day. Since then it has topped $13,000
Q3 Refresh of Trusted Spot Volume Framework
This post is designed to be a follow up to our ‘trusted volume’ framework post (link) earlier this summer. We
Analyzing the Fallout from the BitMEX Lawsuits
On October 1st, the CFTC and Department of Justice jointly announced charges filed against BitMEX’s owners and operators. The CFTC is
Introducing the CMBI Multi Asset Series
In this week’s State of the Network we are excited to announce the release of the CMBI Multi Asset Series, the
How DeFi Is Fueling Ethereum’s Growth
Decentralized finance reached new heights over the last few months as dozens of projects launched and large amounts of capital
Bitcoin: A Novel Economic Institution
Below is an excerpt of a research report authored by ARK Invest and Coin Metrics. In Part 1 of this research, we described how
Measuring Bitcoin’s Decentralization
Over the last eleven years, Bitcoin has managed to function relatively seamlessly in the face of a large number of
An Overview of the Basis Trade
One of the most popular trades for any commodity futures is the basis trade. This is when traders build a
The Privacy Issue
The early 1990’s saw the dissemination of two great forces that would come to shape the next decades: the Internet,
