SOTM Oct 26-Nov 1, 2023
Welcome to our 145th issue of State of the Market, where we provide an overview of crypto market activity from October 26 - November 1, 2023. The Federal Reserve leaves interest rates unchanged at 5.25 - 5.50%, meeting investor expectations & spurring [...]
Latest Research
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 [...]
SOTM Oct 19-25, 2023
Welcome to our 144th issue of State of the Market, where we provide an overview of crypto market activity from October 19 [...]
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™ [...]
SOTM Oct 12-18, 2023
Welcome to our 143rd issue of State of the Market, where we provide an overview of crypto market activity from [...]
Exploring Supply Transparency
Coin Metrics and Swiss firm Bitcoin Suisse have collaborated to bring their expertise in crypto analytics and market insight to [...]
SOTM Oct 5-11, 2023
Welcome to our 142nd issue of State of the Market, where we provide an overview of crypto market activity from October 5 [...]
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. [...]
SOTM Sept 28-Oct 4, 2023
Welcome to our 141st issue of State of the Market, where we provide an overview of crypto market activity from September 28 [...]
State of the Network’s Q3 2023 Wrap-Up
In this special edition of State of the Network, we take a data-driven look at the most important events that impacted [...]
Special Insights
Trusted Exchange Framework 2.1
Centralized exchanges are pivotal in the crypto realm, but their quality varies across diverse use-cases. The Coin Metrics’ Trusted Exchange Framework aims to quantitatively evaluate these platforms based on criteria like transparency, resilience, data quality, and more, leveraging public information [...]
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 [...]
DeFi’s Double-Edged Sword
The 2022 collapse of FTX—a centralized crypto exchange, has highlighted the promise of Decentralized Finance (DeFi) platforms due to their inherent transparency, composability, and non-custodial nature. We’ve seen individuals and institutions alike, recognizing the value of DeFi and beginning to [...]