State of the Network Archives

Bitcoin Update: Is Network Activity Keeping Up With Demand?

Coin Metrics follows up on the 2024 Bitcoin Analyst Report, highlighting BTC’s surge past $124k alongside accelerating ETF inflows and

September 2, 2025

Monero’s Stress Test & The Risks to PoW Security

Monero’s incident with Qubic and what it reveals about PoW security

August 26, 2025

Layer-1s Vertical Analysis

Coin Metrics Vertical Analysis: Layer-1 blockchain architectures, usage, and token economics

August 19, 2025

Exploring the On-Chain Effects of Ethereum Treasuries

Supply Dynamics, Ecosystem & On-Chain Impact of ETH Treasury Companies

August 12, 2025

Taking Stock of Crypto Exchanges Pursuing an IPO

A look at crypto exchanges preparing to go public

August 5, 2025

The Flows Behind the Crypto Market’s Rise to $4T

The factors fueling crypto’s recent climb toward $4T

July 29, 2025

Canton Network Overview

An overview of Canton Network’s architecture, its native token Canton Coin, and how it aligns participant incentives

July 22, 2025

Analyst Spotlight Circle (USDC) Overview

A deep dive into Circle’s USDC and the factors driving its adoption

July 15, 2025

State of the Network’s Q2 Wrap Up

A data-driven overview of developments shaping crypto markets in Q2-2025 by the Coin Metrics team

July 8, 2025

Inside dYdX: On-Chain Perpetual Futures

Examining DYDX tokenomics, market listings and exchange dynamics

July 1, 2025

Category: State of the Network