State of the Network’s Q1 2024 Wrap-Up
In this special edition of State of the Network, we take a data-driven look at the most important events that impacted the digital assets industry in Q1 2024.
Recent
State of Stablecoins: Signs of Returning Liquidity
The supply of Tether (USDT) nears $90B, an all-time high Stablecoin supply utilization on DeFi increases Tether on Tron continues to see strong adoption
Evaluating a Dollar-Cost Averaged Portfolio
Dollar cost averaging (DCA) has become a key strategy for investors navigating the unpredictable realms of digital assets. This approach involves regularly investing a fixed amount, regardless of the current market cycle—a simple yet powerful strategy that contrasts starkly with [...]
Checking On-Chain Indicators for Green Shoots in the Digital Assets Market
In this week’s edition of State of the Network, we present a selection of indicators that offer us insights against the backdrop of a recent surge in valuations within the digital assets ecosystem.
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.
Ethereum Staking Through the Lens of Lido
In this issue of Coin Metrics’ State of the Network, we dive into Lido—the largest player within the staking economy—and understand the state of its liquid staking token (stETH), governance token (LDO) and underlying node-operator composition. With this analysis, we seek [...]
Unpacking the Forces Behind the Market Rally
In this issue of Coin Metrics’ State of the Network, we offer a data-driven market update, focusing on both spot and derivative markets to grasp the factors behind this rise and its wider implications for the digital asset ecosystem.
Navigating the Liquidity Landscape
In today’s issue of State of the Network, we examine trends in trading volume and market data, using Coin Metrics’ datonomy™ to glean insights into the market conditions by specific digital asset sectors, while also focusing on both centralized exchanges and [...]
Exploring Supply Transparency
Coin Metrics and Swiss firm Bitcoin Suisse have collaborated to bring their expertise in crypto analytics and market insight to explore token supply transparency and its impact on liquidity. Utilizing the unique transparency of public blockchains, this collaboration offers unparalleled [...]
Circle’s Silver Lining: Unpacking USDC’s Supply Drop in an Era of Rising Rates
In this issue of State of the Network, we set out to analyze USDC's supply loss and its impact on Circle. We segment the current USDC supply into various categories to pinpoint where the attrition is most pronounced. The pressing question [...]
Special Insights
Trusted Exchange Framework 2.0
Centralized exchanges are a vital part of the crypto ecosystem but vary widely in quality across several use-cases. In order to promote transparency, innovation, and trust for the industry and its users, Coin Metrics is releasing an update to the [...]
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around the clock, 24 hours a day, 7 days a week, and 365 days a year. These assets are well-known for [...]
What is MEV Anyway?
The concept of MEV has sparked a significant amount of interest and concern in the blockchain community, and this paper aims to shed light on what it is and why it matters. We will begin by examining the fundamental principles [...]