BitMEX and Coin Metrics launch a new set of technical tools

BitMEX and Coin Metrics announced the release of a new technical tool that aims to provide in-depth data about the state of the Bitcoin network.

BitMEX Research, the research arm of the cryptocurrency derivatives exchange BitMEX, in collaboration with one of the leading providers of crypto asset market and network data, Coin Metrics, announced on the release of TXStats.com.

This was a project created by the lead data engineer at Coin Metrics Antoine Le Calvez.

Now, the new platform will provide several dashboards focused around specific elements of Bitcoin transactions.

These include batching transactions, multi-signature usage data, Lightning Network channels data, Bech32 adoption, and many more.

Based on data from TXStats.com, SegWit transactions recently hit an all-time high.

The Lightning Network, a decentralized system for instant and high-volume Bitcoin micropayment, has seen the total value of payments transacted within payment channels rise over the last few weeks.

The fluctuation seen on the value and the open channels in the Lightning Network proves that people are not just setting up and running network nodes.

People are opening and closing payment channels regularly, which demonstrates that Bitcoin's Lightning Network is growing.

The data provided by BitMEX Research and Coin Metrics on their new site, TXStats.com, represents a breakthrough for those analysts who are not only looking at the price of Bitcoin.