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State of the Network

State of the Network2022-09-30T06:52:37-04:00

State of the Network


Reporting on the latest network activity


The Ethereum Crowdsale 8 Years Later

By |July 19, 2022|Kyle Waters, Matias Andrade, Nate Maddrey, State of the Network|

After years of testing, research, and development, excitement is building around the potential timeline for Ethereum’s planned move to proof-of-stake (PoS) through The Merge. The Merge arguably represents the single largest protocol-level change in Ethereum’s history, eliminating mining and introducing a system [...]

The State of the Network Q2 2022 Mining Data Special

By |June 28, 2022|Kyle Waters, Nate Maddrey, Parker Merritt, State of the Network|

In last week’s State of the Network we noted that the most active Bitcoin miners have likely been moving around their coins amid increased BTC price volatility. This week, we take a closer look at mining data as a hectic quarter in the crypto [...]

Following Flows IV: Pruning Payouts

By |June 22, 2022|Kyle Waters, Nate Maddrey, Parker Merritt, State of the Network|

This week’s State of the Network adds to our “Following Flows” series of research devoted to understanding miners’ blockchain activity. Bitcoin mining has undergone many changes over the years as the rewards for mining have grown. What started out as a [...]

Following Celsius’ On-Chain Financial Activity as Withdrawals are Halted

By |June 14, 2022|Kyle Waters, Lucas Nuzzi, Nate Maddrey, State of the Network|

Late Sunday night (ET), the Celsius Network, one of the largest crypto asset lenders, dampened the mood on an already fragile crypto market with news that it was pausing all withdrawals, swaps, and transfers of crypto assets for user accounts on the [...]

Surveying Stablecoins in the Wake of the LUNA/UST Collapse

By |May 17, 2022|Kyle Waters, Nate Maddrey, State of the Network|

Stablecoins have come under increased scrutiny over the last week following TerraUSD’s (UST) sudden collapse. On May 12th, Tether (USDT) – the largest stablecoin today by total supply – started to dip below its $1 peg, causing some brief panic [...]


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