State of the Network’s Q1 2024 Mining Data Special
Our quarterly update on Bitcoin mining, zeroing in on recovering revenues, public miner strategies, and increased energy usage.
Recent
DeFi’s Double-Edged Sword (Preview)
In our new special insights report, we zoom into DeFi lending markets to illuminate their unique features and risks, particularly through the lens of recent exploits on Aave and Curve Finance—using a balance sheet-like methodology.
Decoding the Digital Dollar (Preview)
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)
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
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 [...]
Spot On: From Trusts to Spot ETFs
We take a data-driven look at the most important events that impacted the digital assets industry from Q2 2023.
State of the Network’s Q2 2023 Wrap-Up
We take a data-driven look at the most important events that impacted the digital assets industry from Q2 2023.
Bitcoin & the Rest: Measuring the First Cryptocurrency’s Hold on the Market
Measuring bitcoin's dominance in the digital assets ecosystem.
State of the Network Foundations: Hashes
In this week’s State of the Network we return with our Foundations series, which presents various “technical” aspects of blockchain technology in an approachable way. In this week’s issue, we turn to the concept of a hash, one of the core cryptographic elements enabling the [...]
The Signal & the Nonce, Reimagined
Adopting a new methodology, we present novel data to rethink some of Bitcoin’s most pressing issues including electricity consumption, miner efficiency, and E-waste.
Special Insights
The Rise of NFTs
Since the dawn of the Internet people have been creating content and sharing it online. From videos, to music, to memes, the web is full of digital objects. But for most of the Internet’s history there hasn’t been a way [...]
The Crypto Futures Data Primer
Derivatives are complex investment products, often used as part of advanced trading strategies. Understanding futures fundamentals can give you deeper insight into market dynamics and price movement. In this piece we explore the basics of crypto futures data. In particular, [...]
On-Chain Indicators
Bitcoin represented (among other things) a huge step forward in terms of financial data transparency. Since all transactions are publicly recorded on-chain, a whole new set of fundamental indicators is available to crypto investors. We take a look at some [...]