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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.

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Evaluating the Market Quality of DeFi Collateral

September 6, 2023|Matias Andrade, State of the Network, Tanay Ved|

In this issue of State of the Network, we use a combination of Coin Metrics’ Network Data (DeFi Balance Sheets) and Market Data to assess predominant forms of collateral in DeFi, examining their unique risk characteristics to understand what makes [...]

Exploring Common Ownership Patterns Across Major Stablecoins on Ethereum

August 29, 2023|Kyle Waters, State of the Network, Tanay Ved|

In this issue of State of the Network, we explore common ownership patterns across major stablecoins on Ethereum using on-chain data from Coin Metrics’ ATLAS. Using a data visualization called an "UpSet" plot, we answer questions like "How many wallets hold [...]

Decoding the Digital Dollar (Preview)

July 30, 2023|Kyle Waters, Lucas Nuzzi, State of the Network|

Last week, the U.S. House Committee on Financial Services convened to discuss proposed legislation, including H.R. 4766, or the "Clarity for Payment Stablecoins Act of 2023". The ensuing debate between House members and push for legislation in the US underscores that stablecoins—a once [...]

From Orange Groves to Orange Gold (Preview)

July 24, 2023|Kevin Lu, State of the Network, Uriel Morone, Victor Ramirez|

Today we are excited to be releasing a sweeping new report that offers a methodology to translate the existing legal language of securities frameworks into objective, measurable criteria derived from blockchain (“on-chain”) data. Below, we give a high-level introduction to [...]

Currents Shift After SEC v. Ripple Summary Judgment

July 18, 2023|Kyle Waters, Matias Andrade, State of the Network|

In a significant development for the digital assets industry as a whole, the U.S. District Court for the Southern District of New York issued a partial summary judgment on July 13th, favoring some of Ripple Labs Inc.’s defense in its protracted enforcement [...]

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