Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Kyle Waters
State of the Network’s Q4 2023 Mining Data Special
Get the best data-driven crypto insights and analysis every week: By Parker Merritt& Kyle Waters In this week's State of the Network, we continue our focused series on Bitcoin mining, spotlighting data across the mining ecosystem. Mining stands as one of the most intriguing parts of the digital assets industry, often capturing the interest of the public and enthusiasts. As the industry matures, mining is moving well beyond its hobbyist days.
Coin Metrics’ State of the Network: Issue 227
Get the best data-driven crypto insights and analysis every week: By: Tanay Ved & Kyle Waters In this special edition of State of the Network, we take a data-driven look at the most important events that impacted the digital assets industry from Q3 2023. Q3 Market Performance With Q3 in the books, it’s an opportune time to reflect on the notable developments and trends shaping digital asset markets as we transition into the final quarter of 2023.
Coin Metrics’ State of the Network: Issue 221
Get the best data-driven crypto insights and analysis every week: By: Kyle Waters and Tanay Ved Historically, central banks have controlled monetary policy, adjusting money supply, interest rates, and serving as lender of last resort to guide the economy towards stability and growth. In 2009, Bitcoin introduced an alternative: a decentralized digital currency not steered by a small group of human decision-makers but by immutable rules set in code.
Coin Metrics’ State of the Network: Issue 214
Get the best data-driven crypto insights and analysis every week: By: Tanay Ved & Kyle Waters In this special edition of State of the Network, we take a data-driven look at the most important events that impacted the digital assets industry from Q2 2023. In a dynamic first half of 2023, digital asset markets started the year on a strong footing, with bitcoin (BTC) and ether (ETH) surging 83% and 55%, respectively, buoyed by a risk-on sentiment in January.
Coin Metrics’ State of the Network: Issue 213
Get the best data-driven crypto insights and analysis every week: By Kyle Waters As the first and most familiar of digital assets, bitcoin (BTC) has long enjoyed its position as the top crypto asset. Bitcoin’s dominance—its relative percentage of total digital asset market capitalization—has fluctuated but predictions of a reshuffling or “flippening” of the most valuable digital asset have, so far, not materialized.
Coin Metrics’ State of the Network: Issue 212
Get the best data-driven crypto insights and analysis every week: By Alex R. Mead & Kyle Waters In this week’s State of the Network we return with our Foundations series, which presents various “technical” aspects of blockchain technology in an approachable way. In this week’s issue, we turn to the concept of a hash, one of the core cryptographic elements enabling the cryptocurrency space as a whole. This issue is a follow-on topic from last week’s Bitcoin Nonce Analysis report.
Coin Metrics’ State of the Network: Issue 211
Get the best data-driven crypto insights and analysis every week: By: Karim Helmy, Lucas Nuzzi, Alex R. Mead, Kyle Waters, and the Coin Metrics Team Mining is among the most captivating aspects of the cryptocurrency industry and frequently seizes public attention. Even for those relatively unfamiliar with the cryptocurrency world, mining tends to be an element of Bitcoin that is not only widely recognized but also provokes considerable intrigue.
Coin Metrics’ State of the Network: Issue 208
Get the best data-drive crypto insights and analysis every week: By: Kyle Waters & Tanay Ved Two hundred and fifty days have now passed since Ethereum’s transition to Proof-of-Stake via The Merge, and demand for staking ether (ETH) has never been higher. Buoyed by the successful launch of staked ETH withdrawals last month in the “Shapella” network upgrade, the line to become an Ethereum validator is out the door.
Coin Metrics’ State of the Network: Issue 207
Get the best data-drive crypto insights and analysis every week: By: Matías Andrade & Kyle Waters The current market environment for digital assets is characterized by complexity, owing to the presence of regulatory uncertainty, an onslaught of exogenous macro events, and continued shifts in the preferred exchange venues among traders.
Coin Metrics’ State of the Network: Issue 206
Get the best data-driven crypto insights and analysis every week: By: Kyle Waters & Parker Merritt London wasn’t the only busy place this past weekend: traffic on the two largest blockchain networks, Bitcoin and Ethereum, both surged this past week with users paying an aggregate $193M to transact on the two chains—over two times the previous week’s total. In this week’s issue of State of the Network, we delve into the latest fee market frenzy that has engulfed both networks.
Coin Metrics’ State of the Network: Issue 205
Get the best data-driven crypto insights and analysis every week: By: Tanay Ved, Matías Andrade, & Kyle Waters Stablecoins have proliferated into a crucial sector of the digital asset economy and are a frequent topic of our discussion. As crypto-assets designed to maintain a stable peg to another asset class such as the US Dollar, stablecoin issuers have adopted varying approaches with the aim of bringing stability to an otherwise volatile asset class.
Coin Metrics’ State of the Network: Issue 204
Get the best data-driven crypto insights and analysis every week: By Alex R. Mead & Kyle Waters In this week’s State of the Network we are kicking off a new series, entitled Foundations. This new series will present various “technical” aspects of blockchain technology in an approachable way. In this week’s issue, we start with the concept of an address. We’ll start with a basic introduction of addresses, then dive into specifics of both Ethereum and Bitcoin addresses.
Coin Metrics’ State of the Network: Issue 203
Get the best data-driven crypto insights and analysis every week: By Matías Andrade, Kyle Waters & Tanay Ved Ethereum’s highly anticipated Shapella network upgrade went live last Wednesday without issue, ushering in a new era for the nearly $40B staking ecosystem and marking the first upgrade to Ethereum since The Merge. As we explained last week, the upgrade activated the important function of staking withdrawals, granting validators liquidity to their staked ETH and accumulated staking rewards.
Coin Metrics’ State of the Network: Issue 202
Get the best data-driven crypto insights and analysis every week: By: Matías Andrade & Kyle Waters In this issue of the State of The Network, we will be covering the Ethereum “Shapella” upgrade, the latest milestone in the ongoing evolution of the Ethereum blockchain.
Coin Metrics’ State of the Network: Issue 201
Get the best data-driven crypto insights and analysis every week: By Kyle Waters & Matías Andrade In this special edition of State of the Network, we take a data-driven look at the most important events that impacted the digital assets industry from the first quarter of 2023. After an arduous slide downward in 2022, the crypto asset markets roared back in Q1 ‘23, with bitcoin (BTC) rising near $30,000 and finishing the quarter up 72%.
Coin Metrics’ State of the Network: Issue 200
Get the best data-driven crypto insights and analysis every week: By Parker Merritt& Kyle Waters With Q1 ‘23 almost in the books, signs of springtime are in the air in the Northern Hemisphere. With bitcoin up 65% YTD and a new wave of activity swarming the Bitcoin blockchain in the form of Inscriptions, are sunnier days on the horizon for miners?
[Report] Coin Metrics' State of the Network: Issue 196
Get the best data-driven crypto insights and analysis every week: By: Kyle Waters, Matías Andrade, Kevin Lu, and Uriel Morone As one reads this issue of State of the Network, Bitcoin and other major digital assets are almost certainly being traded in an active market. Whether it be a weekend, middle of night, a holiday—digital asset markets are open 24 hours a day, 7 days a week, and 365 days a year.
Coin Metrics’ State of the Network: Issue 195
Get the best data-drive crypto insights and analysis every week: By Kyle Waters& Matías Andrade A series of regulatory enforcement actions in the U.S. have demanded digital asset industry participants’ attention to start 2023. Headline-grabbing events in the last few weeks have included the end to Kraken’s “Staking-as-a-Service” offering and Paxos halting the minting of new Binance USD (BUSD) tokens—a USD stablecoin—after it received a Wells notice from the SEC.
Coin Metrics’ State of the Network: Issue 191
Get the best data-drive crypto insights and analysis every week: By Matías Andrade and Kyle Waters The digital asset market is experiencing a surge in activity as we kick off the new year. Bitcoin is up 36% in January rising to $22,500, its highest level since last summer. This growth may seem surprising amidst the backdrop of economic uncertainty, including large-scale layoffs in tech giants and persistent macro risks.
Coin Metrics’ State of the Network: Issue 189
Get the best data-driven crypto insights and analysis every week: By Matías Andrade and Kyle Waters Decentralized finance (DeFi) is a rapidly growing application of blockchain technology that aims to provide financial services, such as access to crypto-collateralized loans, yield on investments, and derivative products, with billions of dollars worth of cryptocurrency locked up in various DeFi protocols.
Coin Metrics’ State of the Network: Issue 188
Get the best data-driven crypto insights and analysis every week: By Kyle Waters & Matías Andrade In this issue of the State of the Network, we explore the theses that we expect to be important in the world of cryptocurrencies in 2023. This year, we will likely be facing challenging macroeconomic conditions again due to the ongoing Russo-Ukrainian conflict and quantitative tightening by the US Federal Reserve.
Coin Metrics’ State of the Network: Issue 186
Get the best data-drive crypto insights and analysis every week: ByMatías Andrade and Kyle Waters As the year draws to a close, we find ourselves in the unique position to reflect on an eclectic collection of events in the crypto ecosystem. In this edition of State of the Network, we relive the defining moments of the year and trace a path forward. Source: Coin Metrics Reference Rates. Data as of December 19, 2022.
Coin Metrics' State of the Network: Issue 176
Get the best data-driven crypto insights and analysis every week: By Alex R. Mead The ability to easily set up and run an Ethereum node on consumer-grade hardware is a key selling point in the decentralized nature of the Ethereum network. But just how practical is it for the average person to set up a node and run it from their home? With The Merge now complete, this question has come up quite a lot in the crypto community. At Coin Metrics we have a history of exploring nodes firsthand.
Coin Metrics' State of the Network: Issue 169
Get the best data-driven crypto insights and analysis every week: This is a special guest post by Data Always, an independent crypto researcher, with support from the Coin Metrics Research team After years of delay and three dramatic public testnets, a final time for Ethereum’s long awaited transition to proof-of-stake has been set. The time measured in accumulated difficulty, a proxy of total mining hashes computed, is scheduled for a total terminal difficulty (TTD) of 5.875E22.
Coin Metrics' State of the Network: Issue 168
Get the best data-driven crypto insights and analysis every week: By Aryan Chaudhary, Kyle Waters, and Matías Andrade At its core, cryptocurrency utilizes complete transparency to help create trust between anonymous users. By running a node and interpreting the data, any member of the network can access information regarding any transaction ever made. In comparison to traditional finance, analyzing on-chain data provides an enormous advantage in metric creation.
Coin Metrics' State of the Network: Issue 166
Get the best data-driven crypto insights and analysis every week: By Matías Andrade, Kyle Waters, and Nate Maddrey As the upcoming merge with the Beacon Chain approaches, the upgrade to Ethereum’s fee market mechanism brought on by EIP-1559 has had nearly one full year to develop and for participants to habituate to the new conditions.
Coin Metrics' State of the Network: Issue 164
Get the best data-driven crypto insights and analysis every week: By Kyle Waters, Nate Maddrey, and Matías Andrade After years of testing, research, and development, excitement is building around the potential timeline for Ethereum’s planned move to proof-of-stake (PoS) through The Merge.
Coin Metrics' State of the Network: Issue 161
Get the best data-driven crypto insights and analysis every week: By Kyle Waters, Parker Merritt, and Nate Maddrey In last week’s State of the Network we noted that the most active Bitcoin miners have likely been moving around their coins amid increased BTC price volatility. This week, we take a closer look at mining data as a hectic quarter in the crypto markets nears its end.
Coin Metrics' State of the Network: Issue 160
Get the best data-driven crypto insights and analysis every week: By Kyle Waters, Parker Merritt, and Nate Maddrey This week’s State of the Network adds to our “Following Flows” series of research devoted to understanding miners’ blockchain activity. You can find our past research in this series below: FOLLOWING FLOWS: A LOOK AT MINERS’ ON-CHAIN PAYMENTS FOLLOWING FLOWS II: WHERE DO MINERS SELL?
How To Cope With The Mental Stress Of Working In The Home Diagnostics Field
Cool Photos from Depositphotos By Kyle Waters A message pops up in my Slack window. It’s my Operations Lead. He says an analyzer is down at one of our lab partners. Everything in the queue from a digital health company who processes HIV tests will be delayed. Are we really going to withhold life-changing results from these people for two extra days? He asks. I’m the CPO and Co-founder at a B2B healthtech startup called Ash Wellness.
Coin Metrics' State of the Network: Issue 155
Get the best data-driven crypto insights and analysis every week: By Nate Maddrey and Kyle Waters Stablecoins have come under increased scrutiny over the last week following TerraUSD’s (UST) sudden collapse. On May 12th, Tether (USDT) – the largest stablecoin today by total supply – started to dip below its $1 peg, causing some brief panic as price dropped as low as $.95. But it rebounded quickly, returning back to over $.99 within 7 hours.
Coin Metrics' State of the Network: Issue 153
Get the best data-driven crypto insights and analysis every week: By Nate Maddrey and Kyle Waters On Saturday night Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) launched their much anticipated “Otherside” metaverse land NFT mint on Ethereum.
Coin Metrics' State of the Network: Issue 146
Get the best data-driven crypto insights and analysis every week: Coin Metrics is hiring Research Analysts, Data Scientists, and many other positions. Check out our open roles here. By Kyle Waters and Nate Maddrey With the crisis in Ukraine entering its third week, crypto markets and the broader financial markets across the globe remain unsettled.
Coin Metrics' State of the Network: Issue 144
Get the best data-driven crypto insights and analysis every week: Coin Metrics is hiring Research Analysts, Data Scientists, and many other positions. Check out our open roles here. By Nate Maddrey and Kyle Waters Following Russia’s invasion of Ukraine last week the crypto community has banded together to help support Ukraine and its citizens, raising over $15M of donations. The civilians affected remain the main concern.
Coin Metrics' State of the Network: Issue 142
Get the best data-driven crypto insights and analysis every week: By Kyle Waters and Nate Maddrey The first ever mention of Bitcoin in a document filed with the U.S. Securities and Exchange Commission (SEC) was appropriately entrepreneurial: “STARTING A BITCOIN VENTURE.” Found in a supplementary list of loan requests submitted by a peer-to-peer lending company Prosper Marketplace in June 2011, the filing details a California-based computer programmer’s plans to use a $7K loan to invest in...
Right Click Save - Articles
Now Reading:  Data in the Year of the NFT I’m no linguist, but I imagine emerging-tech terminology is an area ripe for research. When ideas are still in their infancy and the public is acclimating to brave new worlds, catch-all terms reign supreme. Over the last year, “NFT� has certainly fulfilled this role — referencing a unique digital artifact issued and tracked on a blockchain. This article contextualizes the growth of crypto art in the past year.
Coin Metrics' State of the Network: Issue 139
Get the best data-driven crypto insights and analysis every week: By Kyle Waters and Nate Maddrey At the beginning of 2021, bitcoin (BTC), ether (ETH), and the broader crypto market were riding high buoyed by institutional adoption and accommodative macroeconomic trends. However, one year later and in a different macro environment, January 2022 has started off in the opposite direction for most crypto assets.
Coin Metrics' State of the Network: Issue 138
Get the best data-driven crypto insights and analysis every week: By Kyle Waters and Nate Maddrey Crypto exchanges play a critical role in facilitating crypto adoption. Exchanges serve as the primary point of access to the crypto-economy, allowing users to exchange fiat currencies for crypto assets and stablecoins.
Coin Metrics' State of the Network: Issue 137
Get the best data-driven crypto insights and analysis every week: By Kyle Waters and Nate Maddrey Airdrops have become a highly popular mechanism in the crypto ecosystem for allocating crypto assets to users. In general, an “airdrop” refers to the event of distributing new or existing crypto assets (usually tokens) to a predetermined set of eligible crypto identifiers such as addresses.
Coin Metrics' State of the Network: Issue 130
Get the best data-driven crypto insights and analysis every week: By Kyle Waters and Nate Maddrey With network activity rising and ETH’s price above $4K, twenty-two days into November there has yet to be a day with sub-$30 mean transaction fee on Ethereum. With fees on the rise some users might be wondering if it makes sense to delay time insensitive transactions. Just as flights at 5am are generally cheaper than at noon, should Ethereum users expect to pay less on off hours?
Coin Metrics' State of the Network: Issue 127
Get the best data-driven crypto insights and analysis every week: By Kyle Waters and Nate Maddrey With the price of bitcoin floating around an all-time high, almost all holders of bitcoin today are in the green. Bitcoin has been one of the best performing assets so far this year with a YTD return of ~110%, compared to the NASDAQ’s 21% return.
Coin Metrics' State of the Network: Issue 119
Get the best data-driven crypto insights and analysis every week: By Nate Maddrey and Kyle Waters As summer came to a close the crypto markets came roaring back to life. BTC surged from $39.3K on August 1st to over $52K on September 6th. Over the same period, ETH climbed from about $2.6K to over $3.9K, close to breaking new all-time highs. Solana (SOL), Cardano (ADA), and others also surged to new all-time highs. But then on Tuesday, September 7th, the markets suddenly came crashing down.
Coin Metrics' State of the Network: Issue 116
Get the best data-driven crypto insights and analysis every week: By Nate Maddrey and Kyle Waters Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March. The number of sales on OpenSea, the largest NFT marketplace, reached a peak of over 60K per day over the last week which is close to 8X the peak reached in March. OpenSea volume has already topped $1B in August, and the number of daily unique buyers has also hit a new all-time high.
Coin Metrics' State of the Network: Issue 113
Get the best data-driven crypto insights and analysis every week: By Lucas Nuzzi, Antoine Le Calvez, and Kyle Waters Decentralized Finance (DeFi) has become one of the industry’s most vibrant topics, with dozens of new projects launching on a monthly basis. DeFi applications essentially enable the creation of financial contracts that are automatically executed. Broadly speaking, these contracts facilitate the issuance, lending, trading, and management of cryptoassets.
Coin Metrics' State of the Network: Issue 112
Get the best data-driven crypto insights and analysis every week: By Nate Maddrey and Kyle Waters Google search data is often used to analyze a wide-variety of trends. Although a Google search doesn’t necessarily translate into a crypto purchase, analyzing search data for crypto-related keywords can help shed light on retail interest in a variety of cryptoassets.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Kyle
Contact Kyle, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack