Examining The First Week of Libra Testnet Data
Testnet Libra is a stripped-down version of what mainnet will probably look like. For example, the smart contract capabilities aren’t [...]
Tether’s Lead Grows as Facebook Looms
The stablecoin wars are upon us. There are now at least seven stablecoins with at least $25 million USD in [...]
Comparing exchange volume to on-chain deposits
In pursuit of our objective to characterize the economic nature of all major public blockchains, we have sought to understand the [...]
Thoughts on Supply Distribution
Today, 96% of all of the 26 million Ether addresses with a balance hold one or fewer units of ETH. [...]
An on-chain analysis of Ripple’s escrow system
Coin Metrics recently released version 3.0 of our CM Network Data Pro product. This release includes many new assets, including [...]
Evaluating Bitcoin forks with network data
Determining the success of a UTXO fork is a fraught exercise. There is no agreed-upon standard for measuring adoption. Establishing [...]
Introducing Realized Capitalization
The motivation for the creation of Realized Cap was the realization that “Market Capitalization” is often an empty metric when [...]
Introducing our adjusted transaction volume estimates
As we have exhaustively covered, getting accurate estimates of the actual economic throughput of public blockchains is not a trivial [...]
On data and certainty
Being certain is a lovely thing. Despite what many would allege about the poor finality of proof of work, the [...]