Coin Metrics State of the Network

Making Sense of Bitcoin’s Changing Market Rhythm

Exploring how supply shifts, institutional demand, and dampening volatility are reshaping Bitcoin’s market structure.

17 hrs ago

Scaling For the Next Wave of Demand: Ethereum, Solana and Beyond

A look at how Ethereum, its Layer-2 ecosystem, and Solana are scaling to meet rising on-chain demand

Nov 4

October 2025

Ethena and the Mechanics of USDe

Understanding the backing mechanics, usage profile, and risks of Ethena's synthetic dollar

Oct 28

Canton Analyst Overview

An overview of Canton Network and the token economics of Canton Coin

Oct 21

The Great De-Leveraging: Friday Flash Crash

Unpacking the largest day of liquidations in crypto history and what it revealed about leverage, liquidity, and market structure.

Oct 14

Tether’s Next Chapter: Extending Dominance Across Networks and Rails

Tether's stablecoin market dominance, USDT usage across chains & emerging rails

Oct 7

September 2025

State of the Network’s Q3 2025 Wrap Up

An overview of developments shaping crypto markets in Q3-2025

Sep 30

Ethereum Update: Can Further Scaling Return Value to Ethereum?

Ethereum Analyst Update (September 2025)

Sep 23

Shake Up in the Stablecoin Sector

An update on stablecoin competitive dynamics in the wake of the GENIUS Act

Sep 16

The Flavors of ETH: From Wrapped to Liquid Staked Tokens

Mapping ETH variants with a focus on LST pricing, liquidity, and redemptions

Sep 9

Bitcoin Update: Is Network Activity Keeping Up With Demand?

Bitcoin Analyst Update (September 2025)

Sep 2

August 2025

Monero’s Stress Test & The Risks to PoW Security

Monero’s incident with Qubic and what it reveals about PoW security

Aug 26