State of the Network, is an unbiased, weekly view of the crypto ecosystem informed by Coin Metrics’ network (on-chain) and market data.

The Best of State of the Network

Launched in 2019, SOTN has a deep catalog of foundational and unique data-driven crypto research. Check out some of our most popular content from the SOTN library below:



Bitcoin Mining:

Coin Metrics’ Data:




Market Data:


Special Issues:

Yearly Reviews:

Quarterly Wrap-Ups:

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Coin Metrics research also includes long-form, special reports on many important topics in the crypto-sphere. Check out some of our deep dives below!

What is MEV anyway?

Mapping Out The Merge

Monitoring DeFi’s Biggest Risk:

On-Chain Transfer Volume Heuristics:

The Rise of Stablecoins:

The Rise of NFTs:

The Bitcoin On-Chain Indicators Primer:

The Crypto Futures Data Primer:

Also check out the Coin Metrics Blog for more in depth research and analysis, as well as our market-data focused newsletter State of the Market, featuring weekly updates on market conditions.

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Crypto data for the decentralized economy


Kyle Waters

Senior Research Analyst at Coin Metrics