State of the Network Archives

Tether’s Next Chapter: Extending Dominance Across Networks and Rails

Tether’s stablecoin market dominance, USDT usage across chains & emerging rails

October 7, 2025

State of the Network’s Q3 2025 Wrap Up

A look back at Q3 2025 and the major market trends, on-chain activity, and structural developments that shaped digital assets

September 30, 2025

Ethereum Update: Can Further Scaling Return Value to Ethereum?

Ethereum surged past $4,500 in August 2025, fueled by Digital Asset Treasuries and stablecoin legislation. This update explores the drivers

September 23, 2025

Shakeup in the Stablecoin Sector

An update on stablecoin competitive dynamics in the wake of the GENIUS Act

September 16, 2025

The Different Flavors of ETH: From Wrapped to Liquid Staked Tokens

A look at landscape of tokenized versions of ETH, focusing on liquid staking tokens, analyzing their pricing mechanics, reward structures,

September 9, 2025

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

Category: State of the Network