Coin Metrics' State of the Network: Issue 157
Get the best data-driven crypto insights and analysis every week: State of the Network at Three Years OldCelebrating Three Years Worth of Crypto Data InsightsBy Kyle Waters and Nate Maddrey State of the Network just turned three years old! Bitcoin, Ethereum, and the rest of the crypto ecosystem has grown a lot since our first issue. In a special edition to celebrate 3 years of State of the Network we’ve put together a collection of crypto data insights highlighting just how much things have changed since we released our first issue on May 29th, 2019. These insights include a mix of on-chain data and crypto market data, all sourced from our in-house data products. But first, we’re incredibly grateful for the more than 18,000 State of the Network readers today, some of whom have kindly shared their thoughts on SOTN with us. Spencer Noon, Co-Founder of Variant and Creator of OurNetwork
TakensTheorem, Data Visualization Artist & Independent Crypto Researcher
Alex Mead, Technical Research Analyst at Coin Metrics
David Hollerith, Reporter, Yahoo Finance
As the data below shows, the digital assets industry is ever-changing, and we look forward to continuing to highlight the most interesting data and trends in this emerging space. To revisit some of our most popular past issues check out The Best of State of The Network in 2021, 2020, and some other classics here. And to explore some of the data used in this piece and our other on-chain metrics check out our free charting tool, formula builder, correlation tool, Python API client, and mobile apps.
Source: Coin Metrics Market Data Feed Network Data InsightsSummary MetricsSource: Coin Metrics Network Data Pro On-chain activity was relatively tepid week-over-week with average Bitcoin daily active addresses falling 1% to 879K and Ethereum active addresses falling 6% to 506K. The number of Ethereum addresses holding at least 1/10B (0.00000001%) of supply (about 0.01 ETH) crossed 21.5M while the number of Bitcoin addresses holding 1/10B of supply (~.002 BTC) held steady at around 17.3M (note that caution should be applied when comparing address counts of UTXO to account-based blockchains). Coin Metrics UpdatesThis week’s updates from the Coin Metrics team:
As always, if you have any feedback or requests please let us know here. Subscribe and Past IssuesCoin Metrics’ State of the Network, is an unbiased, weekly view of the crypto market informed by our own network (on-chain) and market data. If you'd like to get State of the Network in your inbox, please subscribe here. You can see previous issues of State of the Network here. Check out the Coin Metrics Blog for more in depth research and analysis. © 2022 Coin Metrics Inc. All rights reserved. Redistribution is not permitted without consent. This newsletter does not constitute investment advice and is for informational purposes only and you should not make an investment decision on the basis of this information. The newsletter is provided “as is” and Coin Metrics will not be liable for any loss or damage resulting from information obtained from the newsletter. If you liked this post from Coin Metrics' State of the Network, why not share it? |
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Coin Metrics' State of the Network: Issue 156
Tuesday, May 24, 2022
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