Coin Metrics State of the Network
Subscribe
Sign in
Home
Coin Metrics
Data
Archive
About
Latest
Top
Talos Exchange Scorecard, Plus Digging into the Coldcard Exploit On-Chain
Exchange liquidity and quality across 20+ venues, and analysis of the Coldcard hack
Aug 4
•
Victor Ramirez
and
Tanay Ved
July 2026
Why is Aave’s USDC Utilization Rate Spiking?
Exploring consistent inconsistencies in a pooled, variable-rate lending environment and its effect on other borrowers
Jul 28
•
Cooper Duschang
Robinhood Chain and the Race to Build a Financial Super App
An overview of Robinhood’s Layer‑2 chain, its early onchain activity and economics
Jul 22
•
Tanay Ved
Is OpenUSD a Threat to the Dominance of Circle and USDC?
Exploring how the Open USD launch affects stablecoin issuer economics, distribution, and network effects
Jul 14
•
Tanay Ved
Strategy Selling BTC to Fund Dividends
Examining how preferred share dividends and recent BTC sales impact Strategy's long-term viability
Jul 7
•
Cooper Duschang
June 2026
Q2 2026 Market Update: Reversals, Rotations & Rates
A review of digital asset performance, flows and exchange activity shaping Q2 2026
Jun 30
•
Tanay Ved
The Spectrum of Tokenized Stock Exposure
Categorizing the main models and approaches to tokenizing stocks
Jun 24
•
Tanay Ved
Hyperliquid: Perps, Outcome Markets, and USDC Yield
Examining HyperEVM developments, volume, competitive funding rates, and stablecoin developments
Jun 16
•
Cooper Duschang
Hyperliquid: Pre-IPO Price Discovery on Crypto Rails
How 24/7 crypto derivatives markets are pricing SpaceX, Cerebras and the next wave of blockbuster IPOs
Jun 9
•
Tanay Ved
Analyst Spotlight: Morpho Overview
Analyst overview of Morpho Vaults, curator allocation, and the MORPHO token
Jun 2
•
Cooper Duschang
May 2026
Inside the Microstructure of Aave Lending Markets
A closer look at Aave lending markets during the KelpDAO exploit and the rise of Horizon RWA markets
May 26
•
Tanay Ved
Challenges of Including Long-Tail Assets in Crypto Benchmarks
Investment diversification in crypto's long-tail assets requires building benchmarks that measure performance against the broader market.
May 19
•
Cooper Duschang
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts
