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coinmetrics.substack.com
16 links, first saved September 15, 2022, latest October 7, 2026.
- The Death and Life of the Average Memecoin
I don't play with memecoins and this article is a good explainer on why nobody should.
- Making Sense of Bitcoin’s Changing Market Rythm
Deep dive using on-chain data to see how Bitcoin is changing hands. Bitcoin has really stabilized above $100,000 USD at this point. Is another crypto winter coming? Maybe? I’m…
- The Great De-Leveraging: Friday Flash Crash - Tanay Ved
I find it fascinating to read about crypto market volatility because these markets are "pure" in ways that the financial markets are not. There are no trading curbs. They are all…
- Unpacking Circle's IPO Filing and USDC’s On-Chain Footprint
I use and hold USDC regularly to pay for things with crypto. Circle, the company that backs USDC, filed an S1 to go public and this article breaks down the business. For every…
- Bybit Burglarized For a Billion
This article on the Bybit hack takes the view after the hack and looking at the funds. While it is obviously a bad thing for an exchange to get robbed like this, it is super…
- Bitcoin’s 16th Birthday - by Matias Andrade
- The Story of Ethereum Staking So Far
- Breaking Down Ethereum Blobs & EIP-4844
- Bitcoin's Halving Aftermath
As Bitcoin mining rewards continue to get cut in half every four years the Bitcoin ecosystem will need to transition to a self-sustaining model based only on mining fees.
- Conducting the ETH Census - by Kyle Waters
Interesting read on how to calculate a fairly simple question: how much ether (ETH) is there in Ethereum? I had no idea the staking contract blackholes ETH sent to it, but doesn't…
- Circle's Silver Lining: Unpacking USDC's Supply Drop in an Era of Rising Rates
Deep dive into USDC, backed by Circle, and the stablecoin I prefer to use when needed. I didn’t realize the drop in supply, but did know there were concerns over exposure to…
- A Claim in the Ether: Tracking the Soaring Demand for Ethereum Staking
When Ethereum enabled withdrawals for takers there was some hand wringing about the price of Ethereum collapsing and validators exiting en-masse after being unable to withdraw…
- Coin Metrics’ State of the Network: Issue 205
Dai and USDC are the two stable coins I use frequently. I find Dai the most interesting as it is governed by MakerDAO. FYI, I think that stable coins like RAI are more likely in…
- Coin Metrics’ State of the Network: Issue 204
This article is a pretty simple explainer on how blockchain addresses are generated. It specifically goes through Ethereum accounts and smart contracts as well as Bitcoin. I was…
- Coin Metrics’ State of the Network: Issue 194
Interesting on-chain analysis of Bitcoin Ordinals (aka NFTs for Bitcoin) and how they are affecting Bitcoin block size. Reading this writeup was bringing back when I read The…
- Coin Metrics' State of the Network: Special Merge Update
Great recap of the successful Ethereum transition to Proof-of-Stake, away from mining. At 2:43 AM Eastern Time at block 15537393, Ethereum’s Proof-of-Work era came to an end,…