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 [...]
SOTM September 9-15, 2021
Markets remained flat this week following a slight recovery from last week's pullback. Bitcoin currently trades around $48k and Ethereum around $3,600. Significant price action did take place for Solana (SOL), a favorited chain by early VC investors and influencers [...]
Measuring Crypto Usage and Adoption
Crypto usage can be tricky to measure. Although all transaction data is public, it can be difficult to tell how many unique users are behind the transacting addresses. A single Bitcoin or Ethereum address may be owned by many individuals, [...]
SOTM September 2-8, 2021
Last week we noted that open interest was once again increasing, and this week a good portion of that was flushed out of the system. After a swift pull back across crypto markets on Monday, with Bitcoin Falling form a [...]
Analyzing Tuesday’s Flash Crash
As summer came to a close the crypto markets came roaring back to life. BTC surged from $39.3K on August 1st to over $52K on September 6th. Over the same period, ETH climbed from about $2.6K to over $3.9K, close [...]
SOTM August 26-September 1, 2021
This time is different; well maybe not. Regulation is looming, Defi summer of 2020 is now NFT summer of 2021, and we are still awaiting the approval of a Bitcoin ETF. Bitcoin and Ethereum prices surged into the August month [...]
Introducing New EIP-1559, Miner Flow, and Payment Metrics
Last week Coin Metrics released a major update to our metric coverage including new EIP-1559 metrics, Ethereum miner flows, valuation ratios, and payment metrics. In this week’s State of the Network we do a deep dive into some of these [...]
SOTM August 19-25, 2021
The chart from the past week resembles the “Bart” pattern which is all too familiar to traders in the space. Bitcoin saw an aggressive rally after the NYC close of the equity markets on Friday that continued through the weekend [...]
Crypto’s August Rebound
After falling as low as $29.76K in July, bitcoin (BTC) price broke back above $50K on Monday. Data suggests that BTC is on the path to recovery after a market wide crash just three months ago.