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 derivative markets to grasp the factors behind this rise and its wider implications for the digital asset ecosystem.
Recent
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™ to glean insights into the market conditions by specific digital asset sectors, while also focusing on both centralized exchanges and [...]
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 [...]
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. We segment the current USDC supply into various categories to pinpoint where the attrition is most pronounced. The pressing question [...]
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 the digital assets industry from Q3 2023.
State of the Network’s Q3 2023 Mining Data Special
In this week’s State of the Network, we return with our quarterly mining data special, where we provide a close examination of the current Bitcoin mining landscape through the lens of Coin Metrics’ data.
A Glimpse into Coinbase through Coin Metrics’ Data
Through the lens of Coin Metrics, a wealth of market and on-chain data allows us to build new insights into Coinbase's market stance. In this week’s issue of State of the Network, we highlight pivotal data underscoring Coinbase's current market position.
One Year Since The Merge
In this issue of the State of the Network, we revisit the predictions we made about Ethereum’s now-defunct mining operations, take a look at critical network data to help us understand how Ethereum’s PoS ecosystem continues to evolve, and consider new directions and [...]
Evaluating the Market Quality of DeFi Collateral
In this issue of State of the Network, we use a combination of Coin Metrics’ Network Data (DeFi Balance Sheets) and Market Data to assess predominant forms of collateral in DeFi, examining their unique risk characteristics to understand what makes [...]
Exploring Common Ownership Patterns Across Major Stablecoins on Ethereum
In this issue of State of the Network, we explore common ownership patterns across major stablecoins on Ethereum using on-chain data from Coin Metrics’ ATLAS. Using a data visualization called an "UpSet" plot, we answer questions like "How many wallets hold [...]
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 [...]