Welcome to the 80th Bitshares State of the Network (BSotN) report. A weekly report focusing on the changes in the ecosystem and track longer term changes in a effort to identify emerging trends and changes in the Bitshares platform.
Bitshares - State of the Network - 25th April 2018
The Bitshares State of the Network Reports seeks to combine raw data from a wide range of metrics and combine them into meaningful information to identify emerging trends and changes in the Bitshares network.
Observation from this week
This section will highlight any observations made while analysing the data.
Liquidity on the Bitshares DEX has had a notable increase this week; Open orders on the Bitshares DEX have increased 37.5% from last week. BitCNY has also seen a 21% increase in issuance this week
The BitShares Blockchain Foundation (@bitshares.fdn) has announced Bitshares has been listed on RightBTC for the following trading pairs: BTS /BTC, BTS/ETH, BTS/ETH, BTS/ETP and BTS/BCY. Find the official announcement HERE
Rudex this week has announced the launch of their ETH gateway and work on providing an ERC20 gateway in the future. The ETH gateway is live and ready to use now and ERC20 gateway should be announced in the near future. Rudex has outlined the following design goals for their gateways Security, Transparency, Low fees, Ease of use and Stability. You can find the official announcement HERE
Spark (formally known as BitSpark) has spoken on how they are using cryptocurrencies as the rails for disruption of major players like Western Union. Providing a cryptocurrency based backbone to allow MTO to bypass the major gateways that are exploiting payments worldwide. You can find more information HERE
@rahemanali this week has shared the first look and trial run of the BTSDEX trading app developed by Autonio. You can find more information and screenshots HERE
@blocktivity has posted the latest revision of the Twentix cryptocurrency index fund. On the 21st day of every month, Twentix runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. You can find the latest revisions HERE
@Stan Larimer and Matt Demeter have featured on the Bubba Horowitz show talking about cryptocurrency Privacy, Decentralization, Tax implications, fee's and more. You can listen to the show HERE
The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on YouTube HERE
This week’s Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 886825; an increase of 11791 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges)
Rudex launches ETH gateway - source
Top 10 Exchanges to trade Bitshares as reported by CMC - source
What is Bitshares? - source
Beyond Bitcoin - Bitshares Talk - April 21, 2018 - source
Bitshares Distribution
This sections seeks to analyse the current distribution of the network. We look at the current supply, top 100 hodlers, Orders on the Bitshares Decentralized Exchange (DEX), Reserve pool balance and Income growth.
| Distribution | Balance | Change W/W | Change W/W % |
|---|---|---|---|
| BTS Supply | 2,618,420,571 |  1,577,541.00 | 0.06% |
| BTS Stealth | 288,064 | 267.00 | 0.09% |
| BTS in Open Orders (DEX - T250) | 10201457 | 3,044,247.00 | 37.49% |
| Reserve Pool | 982,152,583 |  -1,577,541.00 | -0.16% |
| RP Accumulated fees | 37401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 379827856 | -3,852,397.00 | -0.96% |
| Top 100 Total | 1,462,416,242 | 11,397,182.85 | 0.78% |
| Top 100 - minus Exchanges | 682,139,891 | 49,004,292.85 | 7.25% |
| Exchanges | 780,276,351 | -37,607,110.00 | -4.78% |
| Non Exchanges | 1,838,144,220 | 39,184,651.00 | 2.15% |
Profit/Expenses from the Bitshares Reserve Pool
The chart below show historic profit/expense from the Bitshares Reserve Pool where a positive number represents a W/W profit and a negative number means a W/W expense; Bitshares expenses include witness and worker pay and income includes network fees.
BTS Trading
Looking at the most active trading pairs for Bitshares (BTS). Data displayed is a 24 hour snapshot as taken on the date of this report and not a reflection on the week as a whole.
| Market | Last Price | Price USD | 24hr Vol BTS | 24hr Vol USD | Vol % | Vol % Change W/W |
|---|---|---|---|---|---|---|
| BTC | 0.00003108 | 0.28749088 | 36,375,408.16 | 10,457,598.01 | 43.94 | 52.2% |
| USDT | 0.28694937 | 0.29 | 33,268,731.66 | 9,546,399.50 | 40.2% | 381.6% |
| ETH | 0.00042555 | 0.28834863 | 11,831,283.43 | 3,411,534.34 | 14.3% | 13.9% |
| BITCNY | 1.83 | 0.29400773 | 722,390 | 212,388.27 | 0.9% | 132.0% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
Proposed Worker
DEX: Most Active Markets
This section will show the BTS markets within the DEX and seek to highlight the most active markets.
The most active base pair is BTS and the top 3 pairs are CNY, Bridge.BTC and USD
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,618,420,571 | 0.287 | 752,685,757 | $752,685,757.21 | 0.060% |
| BTS Stealth | 288,064 | 0.287 | 82,806 | $82,806.28 | 0.093% |
| Reserve Pool | 982,152,583 | 0.287 | 282,327,548 | $282,327,548.45 | -0.160% |
| Accumulated fees | 37,401 | 0.287 | 10,751 | $10,751.21 | 0.000% |
| BitUSD | 12,507,650 | 3.47 | 43,401,546 | $12,476,118.43 | 0.523% |
| BitCNY | 223,556,242 | 0.549 | 122,732,377 | $35,280,395.00 | 21.107% |
| BitEUR | 123,621 | 4.24 | 524,153 | $150,671.95 | 0.966% |
| BitBTC | 42 | 32,101 | 1,348,242 | $387,562.85 | 0.000% |
| BitGold | 189.5 | 4,587 | 869,237 | $249,868.92 | 0.000% |
| BitSilver | 21,782 | 57.9 | 1,261,178 | $362,535.56 | 0.000% |
| Ruble | 6,660,094 | 0.0561 | 373,631 | $107,403.27 | -2.220% |
| HERO | 1,142 | 563 | 642,946 | $184,819.93 | -1.721% |
Referral Stats
This section will track user referrals, to gauge active refers overtime. The chart below shows in blue the total number of referred users and in orange the new referrals for this week.
| Account | Referrals | Change W/W |
|---|---|---|
| btsabc | 5956 | 16 |
| bitshares-munich | 5509 | 7 |
| bituniverse | 4820 | 28 |
| compumatrix1 | 2580 | 0 |
| digital-nomad | 2499 | 1 |
| sdr | 2385 | 1 |
| cryptofresh | 2008 | 21 |
| jianjolly-0 | 1743 | 0 |
| magicw | 1666 | 5 |
| by24seven | 1209 | 14 |
| bcp2017 | 1199 | 1 |
| estefantt | 1163 | 5 |
| stormheart | 1146 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 61 | 215 | 148.7 | -0.2 |
| openledger | 56 | 9975 | 140.5 | 0.7 |
| bitcrab | 90 | 113 | 135.3 | -0.9 |
| michaelx | 58 | 120 | 76.6 | -1.8 |
| still | 130 | 331 | 48.5 | 3.5 |
| blckchnd | 57 | 1581 | 39.8 | -0.3 |
| abit | 71 | 753 | 26.6 | 0 |
| fav | 40 | 163 | 23.8 | 0 |
| laomao | 35 | 4 | 10.9 | 0 |
| baozi | 27 | 57 | 9.9 | -0.1 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 702.5 | -39.7 |
| abit | 625.6 | 5.1 |
| bhuz | 607.9 | 2 |
| clockwork | 561.2 | 3.7 |
| jademont | 505.8 | 5.9 |
| xeroc | 477.6 | 0.1 |
| openledgerdc | 459.8 | 5.8 |
| witness.still | 444 | 5.6 |
| bunkerchainlabs-com | 428.6 | -0.1 |
| ebit | 424.4 | 3.2 |
| fav | 403.5 | 4.6 |
Active Witnesses
This section will track top 25 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | in.abit 1.6.35 | 790.9 | 739 | 2 |
| 2 | bhuz 1.6.17 | 758.8 | 1685 | |
| 3 | verbaltech2 1.6.34 | 756.5 | 4011 | 2 |
| 4 | roelandp 1.6.74 | 755.7 | 78 | 9 |
| 5 | fox 1.6.16 | 742.3 | 4537 | 3 |
| 6 | abc123 1.6.65 | 742 | 1348 | |
| 7 | witness.yao 1.6.71 | 734.4 | 3605 | 4 |
| 8 | witness.still 1.6.69 | 732.2 | 9309 | 3 |
| 9 | sahkan-bitshares 1.6.73 | 725.2 | 1341 | 5 |
| 10 | delegate-1.lafona 1.6.28 | 720.9 | 4462 | 4 |
| 11 | xman 1.6.64 | 718.9 | 1740 | 7 |
| 12 | xn-delegate 1.6.59 | 717.6 | 2891 | 3 |
| 13 | xeldal 1.6.22 | 716.9 | 2487 | 134 |
| 14 | crazybit 1.6.84 | 673.4 | 613 | 9 |
| 15 | openledger-dc 1.6.76 | 648.6 | 705 | 6 |
| 16 | delegate.freedom 1.6.63 | 642.9 | 4934 | 3 |
| 17 | delegate-zhaomu 1.6.98 | 639.1 | 662 | 1 |
| 18 | magicwallet.witness 1.6.110 | 615.8 | 33 | 4 |
| 19 | witness.hiblockchain 1.6.105 | 591.1 | 42 | 2 |
| 20 | elmato 1.6.20 | 585.4 | 4395 | 4 |
| 21 | rnglab 1.6.45 | 584.4 | 2172 | 2 |
| 22 | blckchnd 1.6.75 | 555 | 976 | 9 |
| 23 | gdex-witness 1.6.120 | 534.1 | 10 | |
| 24 | winex.witness 1.6.101 | 512.3 | 650 | 13 |
| 25 | clockwork 1.6.117 | 476.8 | 8 | 7 |
Top 100 Distribution including Exchanges
This section looks at the top 100 rich list and compares account balances, this section will seek to identify changes in ownership which may lead to interesting investigations and early warning signs of upcoming projects
| Rank | Account | Total BTS | Orders | Change W/W % |
|---|---|---|---|---|
| 1 | poloniexwallet | 242,756,727 | 0 | -1.11% |
| 2 | bitkkchubei002 | 161,192,406 | 0 | 0.00% |
| 3 | bitcc-bts-cold | 116,793,905 | 0 | -0.85% |
| 4 | binance-cold-1 | 114,787,664 | 0 | 0.00% |
| 5 | binance-bitshares-gvbdb84k6h | 72,081,377 | 0 | 4.23% |
| 6 | gamma-rabbit | 61,197,392 | 0 | 0.00% |
| 7 | test-changekey | 40,163,284 | 0 | 3916.33% |
| 8 | alpha-dog | 31,669,205 | 0 | 3.91% |
| 9 | huobi-withdrawal | 27,559,253 | 0 | 3.40% |
| 10 | delta-lion | 22,651,470 | 0 | 0.00% |
| 11 | ranchorelaxo2017 | 21,769,775 | 0 | 0.00% |
| 12 | abit | 20,102,508 | 0 | 0.00% |
| 13 | bittrex-deposit | 19,550,370 | 0 | -2.09% |
| 14 | stan | 14,841,943 | 0 | 0.00% |
| 15 | jubi-bts | 14,591,906 | 0 | 0.00% |
| 16 | a2dcdf323a8a576408f62604b17a8a52 | 14,526,644 | 0 | 0.83% |
| 17 | bigday4sc | 14,375,479 | 0 | 45.38% |
| 18 | zbbts001 | 13,308,524 | 0 | 19.43% |
| 19 | alexna64 | 12,143,695 | 0 | 0.00% |
| 20 | anonymous | 11,212,516 | 0 | 0.00% |
| 21 | yun-bts | 10,962,743 | 0 | 0.00% |
| 22 | evan | 10,659,692 | 0 | 0.00% |
| 23 | ld636433 | 10,600,009 | 0 | 33.33% |
| 24 | brother-john | 9,612,086 | 0 | -8.56% |
| 25 | enki | 9,598,248 | 0 | -3.55% |
| 26 | getch-bts | 9,535,172 | 0 | 0.00% |
| 27 | virtual-ventures | 9,153,485 | 0 | 0.00% |
| 28 | echocold1 | 9,097,651 | 0 | 0.00% |
| 29 | ibilitlan-scoltock | 8,673,958 | 0 | 0.00% |
| 30 | mr-wang | 8,206,959 | 0 | 0.00% |
| 31 | bts-subscribe | 8,186,757 | 0 | -0.61% |
| 32 | graphene2015 | 8,165,888 | 0 | -0.18% |
| 33 | roje | 8,040,409 | 0 | 0.00% |
| 34 | onceuponatime | 7,994,277 | 0 | -0.32% |
| 35 | cievia-waugaman | 7,990,214 | 0 | 0.00% |
| 36 | invictus | 7,494,364 | 0 | 0.00% |
| 37 | jiny2 | 7,438,984 | 0 | 0.00% |
| 38 | haeassa-granovsky | 7,431,931 | 0 | 0.00% |
| 39 | cass | 6,737,585 | 0 | 0.00% |
| 40 | tyrone-shoelaces | 6,615,913 | 0 | 1.81% |
| 41 | abinia-rivard | 6,550,563 | 0 | 0.00% |
| 42 | keebler-kahn | 6,500,770 | 0 | 0.00% |
| 43 | tsuratsura-3557 | 6,395,199 | 0 | 0.00% |
| 44 | macley | 6,273,291 | 0 | 64.41% |
| 45 | bts-morning | 6,152,575 | 1500005 | 0.00% |
| 46 | yoyow.team | 6,000,003 | 0 | 0.00% |
| 47 | bristolbay | 5,800,011 | 0 | 0.00% |
| 48 | fericia-brick | 5,766,623 | 0 | 0.00% |
| 49 | btszhqxf | 5,734,712 | 0 | 0.00% |
| 50 | spring | 5,560,779 | 0 | 0.00% |
| 51 | committee-cnytrader | 5,559,928 | 0 | 14.34% |
| 52 | hnnr8 | 5,460,998 | 0 | 0.00% |
| 53 | cadord-ozois | 5,423,173 | 0 | 0.00% |
| 54 | storj | 5,412,277 | 0 | 0.00% |
| 55 | xhunter | 5,192,094 | 0 | 0.00% |
| 56 | jeraud-kanze | 5,172,698 | 0 | 0.00% |
| 57 | geravia-mackinnon | 4,777,691 | 0 | 0.00% |
| 58 | bitcoinindonesia | 4,681,348 | 0 | 2.62% |
| 59 | aloha | 4,581,056 | 0 | 0.00% |
| 60 | xgqing | 4,351,903 | 0 | 0.00% |
| 61 | btsxzzh2 | 4,348,432 | 0 | 0.00% |
| 62 | serg | 4,269,497 | 0 | 0.00% |
| 63 | quonael-lievesley | 4,087,235 | 0 | 0.00% |
| 64 | aleks | 4,017,517 | 0 | -16.33% |
| 65 | coldstorage1 | 4,000,000 | 0 | 0.00% |
| 66 | oh-bts | 4,000,000 | 0 | 0.00% |
| 67 | super-bts | 3,999,990 | 0 | 0.00% |
| 68 | slim | 3,938,098 | 125863 | 0.00% |
| 69 | wesley-waugaman | 3,921,027 | 0 | 0.00% |
| 70 | goodc0re | 3,781,249 | 0 | 0.00% |
| 71 | tel-911 | 3,765,052 | 0 | -19.29% |
| 72 | denkhaus | 3,573,629 | 0 | -35.59% |
| 73 | livecoin-net | 3,337,581 | 0 | 0.49% |
| 74 | peak-yannie | 3,333,334 | 0 | 0.00% |
| 75 | random123 | 3,304,640 | 784628 | 0.00% |
| 76 | bafohald-degeorge | 3,189,866 | 0 | 0.00% |
| 77 | scottmclane | 3,177,116 | 0 | 0.00% |
| 78 | makkiavelli1977 | 3,168,833 | 0 | 0.00% |
| 79 | bilbo-baggins | 3,151,030 | 0 | 0.00% |
| 80 | lao-wallet | 3,140,242 | 0 | 0.00% |
| 81 | mtblock-io | 3,073,440 | 0 | 22.56% |
| 82 | austintexas11 | 3,045,250 | 0 | 0.00% |
| 83 | null-account | 3,011,970 | 0 | 0.00% |
| 84 | zy360 | 3,001,582 | 0 | 0.00% |
| 85 | mcxcwbts | 3,000,686 | 275000 | 0.00% |
| 86 | cai8108 | 3,000,243 | 0 | 0.01% |
| 87 | billion-hero-prize | 3,000,000 | 0 | 0.00% |
| 88 | ptschina | 2,945,835 | 0 | 0.00% |
| 89 | roland.sun | 2,923,130 | 0 | 0.00% |
| 90 | rvrts | 2,905,576 | 0 | 0.00% |
| 91 | babydragon | 2,879,289 | 0 | -6.59% |
| 92 | jackkang | 2,860,941 | 63352 | 0.00% |
| 93 | teiva | 2,830,650 | 0 | 0.00% |
| 94 | sky-fly | 2,810,389 | 0 | 0.00% |
| 95 | backup.yao | 2,803,944 | 0 | -7.81% |
| 96 | gxp520wcx | 2,802,550 | 0 | 11.99% |
| 97 | cylonmaker2053 | 2,801,308 | 0 | 0.12% |
| 98 | bitlion | 2,801,061 | 0 | -3.45% |
| 99 | ev-ev | 2,800,067 | 0 | -7.28% |
| 100 | yinchg | 2,793,904 | 0 | 0.00% |
Thanks for viewing :)
I value your feedback.
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I hope you enjoyed this report! :)
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