Movers & Shakers October 2023
Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with [...]
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) [...]
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 [...]
DeFi’s Double-Edged Sword (Preview)
In our new special insights report, we zoom into DeFi lending markets to illuminate their unique features and risks, particularly [...]
A Claim in the Ether: Tracking the Soaring Demand for Ethereum Staking
The queue to become an Ethereum validator is rising to new heights. In this edition of State of the Network, [...]
Maker’s Dai Dilemma
Maker is one of the oldest DeFi protocols and the creator of Dai—the largest crypto-backed stablecoin by market capitalization ($4.7 [...]
An Introduction to Liquid Staking
In this issue of State of the Network, we discuss the need for liquid staking — which allows users to [...]
How Uniswap V2 Swaps Work
A walk through the inner workings of the Uniswap V2 decentralized exchange (DEX), including the function of automated market maker [...]
Decentralized Exchanges Four Months After FTX
Using data from Coin Metrics’ DEX data feed, we examine the underlying activity on Uniswap and Sushiswap to understand usage [...]