November Rally Reaches New Corners of the Digital Asset Market
Building on the upward momentum from the previous month, digital asset markets extended their strength into November. This market-wide rally elevated the total crypto-asset market capitalization to over $1.4T, with BTC and ETH climbing over $37K and $2K respectively.
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Introducing Free Float Supply
Until now, a standardized approach to determining the free float supply (the supply that is available to the market) of cryptoassets has not been established. This has hindered the market from developing a clear understanding of available supply and market [...]
Digital Alchemy: Do Coinbase Listings Turn Altcoins Into Gold?
A Coinbase listing has historically shown, not surprisingly, to have a positive impact on listed assets’ prices immediately following the announcement. The uplift from a listing is more muted than some may perceive, with the average and median uplift ranging [...]
Assessing Crypto’s Recovery Three Months After The March 12th Crash
Bitcoin (BTC) and Ether (ETH) have recovered most of their losses after the March 12th crash, while assets like Bitcoin Cash (BCH) and Litecoin (LTC) have lagged behind. Other assets that have outperformed include Cardano (ADA), Crypto.com Coin (CRO), and [...]
Analyzing Stablecoin Supply and Activity Distribution
The supply and activity distribution of a stablecoin can help us understand how it is used. The ERC-20 variant of Tether shines as being particularly well distributed amongst its holders. Meanwhile, 6 accounts or less own 80+% of the supply [...]
Measuring Bitcoin’s Trading Volume
Current market conditions have led to a resurgence of institutional interest in Bitcoin. In the face of an unparalleled monetary and fiscal policy response from central banks and governments around the world, more institutions are recognizing that such policies significantly [...]
Best of the First Year of State of the Network
In this special edition, we look back at the best issues of the past year to celebrate State of the Network’s one-year anniversary. Over the last 52 issues we have taken a data-driven approach to elucidating the best (and worst) [...]
The Half-Time Show: The State of Bitcoin Network Security After the Halving
Block rewards are currently the primary source of revenue for miners. A reduction in this reward due to the halving causes some miners to exit the network. In the short term the sudden drop-off of miners can potentially leave the [...]
Stablecoin Heatmaps Show Tether is Mostly Used During Asian and European Market Hours
Stablecoin market capitalization has almost doubled since the Black Thursday crash. But the exact cause of the surge is still unknown. To help elucidate how different stablecoins are being used, we analyzed the times of day that stablecoins are being [...]
Introducing the CMBI Bitcoin Hash Rate Index and ‘Observed Work’
Designing The Tools For Hash Rate Futures: Introducing the CMBI Bitcoin Hash Rate Index and ‘Observed Work’ Key Takeaways To date, the critical role of Bitcoin miners has been unhedged and solely dependent on the price of Bitcoin. However, [...]