Welcome to the 79th 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 - 18th 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.
The BitShares Blockchain Foundation (@bitshares.fdn) will receive the draft of the legal opinion letter from PaulHasting by the end of the week. There will still be some work to be done on the last details to finish the final version. Afterwards, it will be sent to the legal counsel of Bittrex. Once feedback has been provided, they will publish it on www.BitShares.legal. More info HERE
@Stan Larimer will be talking at Virginia Tech on April 19th. Dan Larimer graduated from Virginia Tech many years ago and recently did a talk featuring Delegated Proof of Stake blockchains such as Bitshares, Steem and EOS. Stan will revisit the fact that these blockchains spawned from Virginia Tech and then follow it up with seven of the top blockchain trends for 2018. You can find more information HERE
@Bitspark will be hosting the first Graphene focused meetup in Hong Kong on the 26th of April 2018. The first event will be an introduction for the meetup group and discussions of Graphene projects with follow up meetups set to be discussing specific projects in the Graphene ecosystem like DEXs (Bitshares), decentralised social networks (Steem) and future projects (EOS). Find out more information HERE
Trusty.Fund has announced a mobile investment wallet based on BitShares. The product is designed to be simple to use as a solution for new users or people who do not have the financial background for trading. Beta testing is available on mobile browsers http://trusty.fund and Android App, iOS coming soon. Trust.Fund has asked users to limit the amount of their portfolio to no more than 1% in the TRUSTY token during the testing phase. Trusty is fully open-source at Github they also have a Telegram Chat. More info HERE
Easydex this week announced their open beta launch of EasyDex.Net. EasyDex is a new company creating services and providing an interface for the Bitshares platform with the goal to provide transparent highly needed services to the crypto space. Easydex has created a password recovery option by giving the user the option to store an encrypted copy of their password with EasyDex during account creation. You can find more information HERE
This week HUOBI.PRO has listed Bitshares/USDT trading pair on their exchange following Bitshares/Bitcoin trading pairs added a few weeks ago.
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 875034; an increase of 17620 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges)
Stan Larimer at Virginia Tech - 19/04/18 - source
Graphene meetup Hong Kong - hosted by Bitspark - 26/04/18 - source
Trusty.Fund - Investment Wallet - Open beta launch - 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 | 2,616,843,030 |  5,439,184.00 | 0.21% |
| BTS Stealth | 287,797 | 13.00 | 0.00% |
| BTS in Open Orders (DEX - T250) | 7157210 |  -962,842.00 | -11.86% |
| Reserve Pool | 983,730,124 | -8,188,358.00 | -0.83% |
| RP Accumulated fees | 37401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 383680253 | -17,748,829.00 | -4.42% |
| Top 100 Total | 1,451,019,059 | -11,123,159.59 | -0.76% |
| Top 100 - minus Exchanges | 633,135,598 | -42,325,400.59 | -6.27% |
| Exchanges | 817,883,461 | 31,202,241.00 | 3.97% |
| Non Exchanges | 1,798,959,569 | -25,763,057.00 | -1.41% |
| Exchanges | 817,883,461 | 31,202,241.00 | 3.97% |
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 | 0.00002667 | 0.21593481 | 31,825,433.35 | 6,872,219.00 | 57.3% | 159.4% |
| ETH | 0.00041797 | 0.22 | 13,925,731.61 | 2,994,070.37 | 25.1% | 393.9% |
| USDT | 0.21547725 | 0.2154063 | 9,202,485.50 | 1,982,273.39 | 16.6% | -0.7% |
| BNB | 0.01817 | 0.21552657 | 383,992 | 82,760.58 | 0.7% | 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 | 2,616,843,030 | 0.216 | 564,210,591 | $564,210,591.06 | 0.208% |
| BTS Stealth | 287,797 | 0.216 | 62,051 | $62,051.15 | 0.005% |
| Reserve Pool | 983,730,124 | 0.216 | 212,099,445 | $212,099,445.15 | -0.550% |
| Accumulated fees | 37,401 | 0.216 | 8,064 | $8,063.93 | 0.000% |
| BitUSD | 12,442,581 | 4.63 | 57,609,150 | $12,420,956.17 | -2.793% |
| BitCNY | 184,593,731 | 0.736 | 135,860,986 | $29,292,627.16 | 12.458% |
| BitEUR | 122,438 | 5.72 | 700,345 | $150,999.61 | 0.267% |
| BitBTC | 42 | 37,490 | 1,574,580 | $339,491.02 | 0.000% |
| BitGold | 189.5 | 6,224 | 1,179,448 | $254,297.66 | 0.000% |
| BitSilver | 21,782 | 77.4 | 1,685,927 | $363,498.21 | -0.124% |
| Ruble | 6,811,292 | 0.075 | 510,847 | $110,142.35 | 104.472% |
| HERO | 1,162 | 752 | 873,824 | $188,402.88 | -8.863% |
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 | 5940 | 97 |
| bitshares-munich | 5502 | 27 |
| bituniverse | 4792 | 256 |
| compumatrix1 | 2580 | 4 |
| digital-nomad | 2498 | 2 |
| sdr | 2384 | 2 |
| cryptofresh | 1987 | 144 |
| jianjolly-0 | 1743 | 0 |
| magicw | 1661 | 17 |
| bcp2017 | 1198 | 8 |
| by24seven | 1195 | 129 |
| estefantt | 1158 | 34 |
| stormheart | 1146 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 60 | 215 | 148.9 | -1.3 |
| openledger | 56 | 9751 | 139.8 | -4.1 |
| bitcrab | 89 | 109 | 136.2 | -16.6 |
| michaelx | 58 | 121 | 78.4 | -4.5 |
| still | 130 | 331 | 45 | 4.6 |
| blckchnd | 57 | 1582 | 40.1 | -6.8 |
| abit | 71 | 753 | 26.6 | 0.1 |
| fav | 40 | 163 | 23.8 | -3.8 |
| laomao | 35 | 4 | 10.9 | 1.4 |
| baozi | 27 | 58 | 10 | -10.3 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 742.2 | 15.6 |
| abit | 620.5 | -49.3 |
| bhuz | 605.9 | -56.4 |
| clockwork | 557.5 | 136.3 |
| jademont | 499.9 | 199.9 |
| xeroc | 477.5 | -12.9 |
| openledgerdc | 454 | -23.3 |
| witness.still | 438.4 | -17.4 |
| bunkerchainlabs-com | 428.7 | -20 |
| ebit | 421.2 | -17.5 |
| fav | 398.9 | -15.2 |
Active Witnesses
This section will track top 25 active witnesses and the changes in support
| Rank | Witness | Votes | Missed |
|---|---|---|---|
| 1 | in.abit 1.6.35 | 788.7 | 737 |
| 2 | bhuz 1.6.17 | 755.1 | 1685 |
| 3 | verbaltech2 1.6.34 | 754.9 | 4009 |
| 4 | roelandp 1.6.74 | 753.7 | 69 |
| 5 | abc123 1.6.65 | 742.4 | 1348 |
| 6 | fox 1.6.16 | 741.3 | 4534 |
| 7 | witness.still 1.6.69 | 732.1 | 9306 |
| 8 | witness.yao 1.6.71 | 731.9 | 3601 |
| 9 | xman 1.6.64 | 716.7 | 1733 |
| 10 | delegate-1.lafona 1.6.28 | 716.6 | 4458 |
| 11 | xn-delegate 1.6.59 | 715 | 2888 |
| 12 | xeldal 1.6.22 | 712.9 | 2353 |
| 13 | crazybit 1.6.84 | 674.3 | 604 |
| 14 | delegate.freedom 1.6.63 | 646.8 | 4931 |
| 15 | openledger-dc 1.6.76 | 643.3 | 699 |
| 16 | delegate-zhaomu 1.6.98 | 643 | 661 |
| 17 | magicwallet.witness 1.6.110 | 612 | 29 |
| 18 | witness.hiblockchain 1.6.105 | 586.6 | 40 |
| 19 | rnglab 1.6.45 | 582.4 | 2170 |
| 20 | elmato 1.6.20 | 581.7 | 4391 |
| 21 | sahkan-bitshares 1.6.73 | 573.7 | 1336 |
| 22 | blckchnd 1.6.75 | 558.9 | 967 |
| 23 | gdex-witness 1.6.120 | 528.3 | 10 |
| 24 | winex.witness 1.6.101 | 508.3 | 637 |
| 25 | clockwork 1.6.117 | 476.7 | 1 |
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 | Change W/W | Change W/W % |
|---|---|---|---|---|
| 1 | poloniexwallet | 245,488,503 | -36,206,645.00 | -12.85% |
| 2 | bitkkchubei002 | 161,192,406 | -10.00 | 0.00% |
| 3 | bitcc-bts-cold | 117,793,905 | 17,542,915.00 | 17.50% |
| 4 | binance-cold-1 | 114,787,664 | - | 0.00% |
| 5 | binance-bitshares-gvbdb84k6h | 69,157,301 | -3,867,481.00 | -5.30% |
| 6 | gamma-rabbit | 61,197,392 | 1,643,647.49 | 2.76% |
| 7 | alpha-dog | 30,477,749 | -630,140.00 | -2.03% |
| 8 | gate-io-bts | 30,237,664 | 11,849,477.00 | 64.44% |
| 9 | huobi-withdrawal | 26,654,149 | 25,654,149.00 | 2565.41% |
| 10 | delta-lion | 22,651,470 | -28,434,839.01 | -55.66% |
| 11 | ranchorelaxo2017 | 21,769,775 | - | 0.00% |
| 12 | abit | 20,102,509 | 9,999.00 | 0.05% |
| 13 | bittrex-deposit | 19,967,012 | -3,158,351.00 | -13.66% |
| 14 | stan | 14,841,943 | - | 0.00% |
| 15 | jubi-bts | 14,591,906 | - | 0.00% |
| 16 | a2dcdf323a8a576408f62604b17a8a52 | 14,406,459 | 2,069,176.00 | 16.77% |
| 17 | alexna64 | 12,143,695 | - | 0.00% |
| 18 | anonymous | 11,212,516 | - | 0.00% |
| 19 | zbbts001 | 11,143,756 | 10,143,756.00 | 1014.38% |
| 20 | yun-bts | 10,962,743 | - | 0.00% |
| 21 | evan | 10,659,692 | - | 0.00% |
| 22 | brother-john | 10,512,086 | 5,900,000.00 | 127.92% |
| 23 | enki | 9,951,750 | 2,952,413.40 | 42.18% |
| 24 | bigday4sc | 9,888,070 | 8,888,070.44 | 888.81% |
| 25 | getch-bts | 9,535,172 | - | 0.00% |
| 26 | virtual-ventures | 9,153,485 | -0.45 | 0.00% |
| 27 | echocold1 | 9,097,651 | - | 0.00% |
| 28 | ibilitlan-scoltock | 8,673,958 | - | 0.00% |
| 29 | bts-subscribe | 8,236,757 | -263,635.00 | -3.10% |
| 30 | mr-wang | 8,206,959 | 200,000.00 | 2.50% |
| 31 | graphene2015 | 8,180,650 | -2,449,092.00 | -23.04% |
| 32 | roje | 8,040,409 | - | 0.00% |
| 33 | onceuponatime | 8,019,809 | -659,896.00 | -7.60% |
| 34 | cievia-waugaman | 7,990,214 | - | 0.00% |
| 35 | ld636433 | 7,950,009 | -3,303,587.00 | -29.36% |
| 36 | invictus | 7,494,363 | -1.00 | 0.00% |
| 37 | jiny2 | 7,438,984 | - | 0.00% |
| 38 | haeassa-granovsky | 7,431,931 | - | 0.00% |
| 39 | btercom | 7,050,208 | - | 0.00% |
| 40 | cass | 6,737,585 | - | 0.00% |
| 41 | abinia-rivard | 6,550,563 | - | 0.00% |
| 42 | keebler-kahn | 6,500,770 | - | 0.00% |
| 43 | tyrone-shoelaces | 6,498,541 | - | 0.00% |
| 44 | tsuratsura-3557 | 6,395,199 | - | 0.00% |
| 45 | bts-morning | 6,152,575 | 291,936.00 | 4.98% |
| 46 | yoyow.team | 6,000,003 | -0.42 | 0.00% |
| 47 | bristolbay | 5,800,011 | -817.37 | -0.01% |
| 48 | fericia-brick | 5,766,623 | - | 0.00% |
| 49 | btszhqxf | 5,734,712 | - | 0.00% |
| 50 | spring | 5,560,779 | - | 0.00% |
| 51 | denkhaus | 5,547,832 | -343,450.00 | -5.83% |
| 52 | hnnr8 | 5,460,998 | - | 0.00% |
| 53 | cadord-ozois | 5,423,173 | - | 0.00% |
| 54 | storj | 5,412,277 | - | 0.00% |
| 55 | xhunter | 5,192,094 | - | 0.00% |
| 56 | jeraud-kanze | 5,172,698 | - | 0.00% |
| 57 | committee-cnytrader | 4,862,473 | 3,862,473.00 | 386.25% |
| 58 | linhan | 4,824,288 | - | 0.00% |
| 59 | aleks | 4,801,676 | -1,623,093.83 | -25.26% |
| 60 | geravia-mackinnon | 4,777,691 | - | 0.00% |
| 61 | tel-911 | 4,665,052 | -399,999.00 | -7.90% |
| 62 | aloha | 4,581,057 | -5,250,143.34 | -53.40% |
| 63 | bitcoinindonesia | 4,561,631 | -374,883.00 | -7.59% |
| 64 | xgqing | 4,351,903 | - | 0.00% |
| 65 | btsxzzh2 | 4,348,432 | - | 0.00% |
| 66 | serg | 4,269,497 | 402,148.00 | 10.40% |
| 67 | quonael-lievesley | 4,087,235 | - | 0.00% |
| 68 | coldstorage1 | 4,000,000 | - | 0.00% |
| 69 | oh-bts | 4,000,000 | - | 0.00% |
| 70 | super-bts | 3,999,990 | - | 0.00% |
| 71 | slim | 3,938,098 | - | 0.00% |
| 72 | wesley-waugaman | 3,921,027 | - | 0.00% |
| 73 | macley | 3,815,563 | 2,815,563.30 | 281.56% |
| 74 | goodc0re | 3,781,249 | - | 0.00% |
| 75 | peak-yannie | 3,333,334 | - | 0.00% |
| 76 | livecoin-net | 3,321,439 | 9,510.00 | 0.29% |
| 77 | random123 | 3,304,640 | 1,118,793.00 | 51.18% |
| 78 | yl114411419 | 3,267,635 | 1,469,482.70 | 81.72% |
| 79 | bafohald-degeorge | 3,189,866 | - | 0.00% |
| 80 | scottmclane | 3,177,116 | - | 0.00% |
| 81 | makkiavelli1977 | 3,168,837 | 125,814.00 | 4.13% |
| 82 | bilbo-baggins | 3,151,030 | - | 0.00% |
| 83 | lao-wallet | 3,140,242 | - | 0.00% |
| 84 | babydragon | 3,082,527 | -53,161.00 | -1.70% |
| 85 | austintexas11 | 3,045,250 | - | 0.00% |
| 86 | backup.yao | 3,041,382 | 220,454.00 | 7.81% |
| 87 | ev-ev | 3,020,067 | -42,500.00 | -1.39% |
| 88 | null-account | 3,011,970 | 23.00 | 0.00% |
| 89 | zy360 | 3,001,582 | 364,352.00 | 13.82% |
| 90 | mcxcwbts | 3,000,686 | - | 0.00% |
| 91 | cai8108 | 3,000,003 | 341,551.69 | 12.85% |
| 92 | billion-hero-prize | 3,000,000 | - | 0.00% |
| 93 | ptschina | 2,945,835 | -1,157,961.00 | -28.22% |
| 94 | roland.sun | 2,923,130 | - | 0.00% |
| 95 | rvrts | 2,905,576 | -2,062,305.00 | -41.51% |
| 96 | bitlion | 2,901,061 | 276,118.00 | 10.52% |
| 97 | jackkang | 2,860,941 | - | 0.00% |
| 98 | teiva | 2,830,650 | - | 0.00% |
| 99 | sky-fly | 2,810,389 | 179,051.00 | 6.80% |
| 100 | cylonmaker2053 | 2,797,903 | 23,329.00 | 0.84% |
Thanks for viewing :)
I value your feedback.
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I hope you enjoyed this report! :)
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