A new study by the Bank for International Settlements (BIS) highlights issues with common crypto metrics. It finds these measurements often hide the true economic activity across Bitcoin, Ethereum, and stablecoins, posing challenges for accurate understanding.
The Bank for International Settlements (BIS) has released a new study, revealing significant problems with how we measure activity in the crypto market. The report points out that many widely used metrics, which track on-chain transfers—movements of digital assets on a blockchain network—can actually hide the real economic activity taking place. These measurement challenges are not limited to just Bitcoin; they also affect Ethereum and stablecoins, which are cryptocurrencies designed to keep a stable value. This means experts might be misunderstanding the true scale and nature of crypto-related economic actions.
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