By Coin Metrics|2021-08-27T15:11:13-04:00August 19, 2021|Jon Geenty, State of the Market|
Both Bitcoin and Ethereum pushed higher this past week with Bitcoin briefly breaching $48,000 and Ethereum reaching around $3,300. Prices have pulled back slightly over the past two days. The move may have been more macroeconomic related than industry specific [...]
By Coin Metrics|2023-03-24T17:26:51-04:00August 17, 2021|Kyle Waters, Nate Maddrey, State of the Network|
Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March. The number of sales on OpenSea, the largest NFT marketplace, reached a peak of over 60K per day over the last [...]
By Coin Metrics|2021-08-14T22:03:46-04:00August 14, 2021|Jon Geenty, State of the Market|
It feels like the bulls are back again. Over the past week the crypto community rallied together to help lobby American Senators to amend the Senate infrastructure bill to reduce cryptocurrency tax reporting requirements. Although the amendment to the bill [...]
By Coin Metrics|2023-03-24T17:27:17-04:00August 10, 2021|Kyle Waters, Nate Maddrey, State of the Network|
On Thursday, August 5th EIP-1559 went live as part of Ethereum’s London hard fork. Less than a week after the launch over 18K ETH has been burned, a total of about 32% of the total ETH that’s been issued post [...]
By Coin Metrics|2021-08-06T14:30:30-04:00August 5, 2021|Jon Geenty, State of the Market|
Bitcoin and Ethereum price action diverged over the past week. Bitcoin continued to pull back from last week’s highs and is currently sitting below the $40k milestone in a range around $38k. This followed SEC Chair Gary Gensler’s comments at [...]
By Coin Metrics|2023-03-24T17:27:30-04:00August 3, 2021|Kyle Waters, Nate Maddrey, State of the Network|
The total supply of stablecoins is near 110B today, almost a 4x increase over the supply at the beginning of 2021. But this growth has not been distributed equally across stablecoins. Amidst an uncertain crypto market, the stablecoin market is [...]
By Coin Metrics|2021-08-04T16:33:44-04:00July 30, 2021|Jon Geenty, State of the Market|
We have upward momentum once again. The asset class has seen broad week over week gains for the first week since May. Bitcoin now sits around $40k after a large move following the CME open on Sunday evening. Within a [...]
By Coin Metrics|2023-04-06T16:24:28-04:00July 29, 2021|Ben Celermajer, General Research|
The Supply Transparency Report brings visibility to the actions of the key categories of a cryptoasset’s holders that are deemed to restrict supply from the market, as defined in the CMBI Float Adjustment Methodology. The current universe of cryptoassets that [...]
By Coin Metrics|2023-03-24T17:28:23-04:00July 27, 2021|Antoine Le Calvez, Kyle Waters, Lucas Nuzzi, State of the Network|
Decentralized Finance (DeFi) has become one of the industry’s most vibrant topics, with dozens of new projects launching on a monthly basis. DeFi applications essentially enable the creation of financial contracts that are automatically executed. Broadly speaking, these contracts facilitate [...]
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