Welcome to the 84th 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 - 22nd May 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.
This week has seen a 5% increase in BTS being used as collateral for the Smartcoin ecosystem. That's an extra 20 Million BTS that have been locked to the Bitshares network this week to ensure the value of the Smartcoin economy. With all the talk of smartcoins recently it's great to see the longest running alternative to a centralized system still going strong; redeemable 1:1 at any time via settlement and 190% backed with BTS collateral! - That is to say for every $1 of face value in smartcoins there are $1.90 worth of collateral
The week $500,000 USD worth of BitUSD has been issued increasing the supply of BitUSD by 5.5% week on week, BitCNY still holds the number 1 spot with over 36 Million USD worth of the smartcoin issued on the network and being used by traders to hedge against volatility.
GDEX has announced they will be hosting the ICO of IDHUB (GDEX.IDHUB). The ICO has a total of 6,852,000 initial tokens and bitCNY is the payment currency accepted by GDEX for the ICO. The sale started on the 18th of May and you can find more information about it HERE or visit the projects website HERE
@kimchi-king has been the very first user to use the EasyDex fiat On-ramp (more info) to deposit fiat currency to the exchange and have the value reflected in the Bitshares eco-system. EasyDex are currently up and running with fiat on ramps and working with regulators to get their Off-ramp/withdrawals online. Find more info HERE
Easydex announced this week that the first week of their portfolio builder campaign (more info HERE) has had a great start. They have also announced a weekly report as well as community hangout every week on Fridays at 20:00 UTC (4:00 pm EST). You can find more information HERE
The Twentix cryptocurrency index fund has ran its monthly algorithm that creates its new composition. By this process, it always includes the most promising coins. You can find the latest composition HERE
- The Bit20 cryptocurrency index fund has ran its monthly algorithm that creates its new composition. By this process, it always includes the most promising coins. You can find the latest composition 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 958534; an increase of 31332 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges)
Beyond Bitcoin - Bitshares Talk - 19th May 2018 - source
@Patrickjh has create the first Bitshares News ticker and made a great looking video with the highlight! - 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 | 2,626,632,157 |  2,014,148.00 | 0.08% |
| BTS Stealth | 285,074 | 4.00 | 0.00% |
| BTS in Open Orders (DEX - T250) | 10737818 |  -383,981.00 | -3.45% |
| Reserve Pool | 973940997 | -2,014,148.00 | -0.21% |
| RP Accumulated fees | 37401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 403723322 | 19,133,721.00 | 4.98% |
| Top 100 Total | 1,470,673,150 | -11,085,959.77 | -0.75% |
| Top 100 - minus Exchanges | 663,285,698 | -3,294,250.77 | -0.49% |
| Exchanges | 807,387,452 | -7,791,709.00 | -0.96% |
| Non Exchanges | 1,819,244,705 | 9,805,857.00 | 0.54% |
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 | 0.00002869 | 0.23373087 | 19,043,108.97 | 4,450,962.52 | 54.9% | -36.2% |
| USDT | 0.23421943 | 0.23 | 11,767,632.13 | 2,756,150.25 | 33.9% | -56.7% |
| ETH | 0.00031601 | 0.21413706 | 3,261,695.52 | 698,449.88 | 9.4% | -30.8% |
| BNB | 0.01646 | 0.23578951 | 348,650 | 82,207.91 | 1.0% | 3.5% |
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 | 2,626,632,157 | 0.232 | 609,665,567 | $609,665,567.45 | 0.077% |
| BTS Stealth | 285,074 | 0.232 | 66,168 | $66,168.31 | 0.001% |
| Reserve Pool | 973,940,997 | 0.232 | 226,060,695 | $226,060,694.88 | -0.206% |
| Accumulated fees | 37,401 | 0.232 | 8,681 | $8,681.12 | 0.000% |
| BitUSD | 14,661,164 | 4.23 | 62,016,724 | $14,394,653.99 | 5.574% |
| BitCNY | 236,040,783 | 0.663 | 156,495,039 | $36,323,943.03 | 0.518% |
| BitEUR | 112,862 | 4.99 | 563,181 | $130,719.60 | 2.031% |
| BitBTC | 51.9 | 34,742 | 1,803,110 | $418,518.43 | 0.193% |
| BitGold | 189.5 | 5,471 | 1,036,755 | $240,640.29 | 0.000% |
| BitSilver | 21,767 | 70 | 1,523,690 | $353,662.51 | 0.000% |
| Ruble | 8,072,767 | 0.0687 | 554,599 | $128,727.57 | 3.251% |
| HERO | 998 | 688 | 686,624 | $159,371.77 | 0.302% |
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 | 0 |
| bitshares-munich | 5530 | 0 |
| bituniverse | 4951 | 20 |
| compumatrix1 | 2569 | 0 |
| digital-nomad | 2498 | 0 |
| sdr | 2357 | 0 |
| cryptofresh | 2157 | 23 |
| jianjolly-0 | 1741 | -2 |
| magicw | 1669 | 0 |
| by24seven | 1268 | 3 |
| superone | 1219 | 8 |
| bcp2017 | 1199 | 0 |
| estefantt | 1174 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 90 | 115 | 158.9 | 0.2 |
| xeroc | 61 | 209 | 137.1 | 0.3 |
| openledger | 56 | 10925 | 107.2 | -15.1 |
| michaelx | 58 | 117 | 76.4 | -0.9 |
| bitshareseurope | 0 | 455 | 46.4 | 11.3 |
| still | 130 | 331 | 41.1 | 1.2 |
| blckchnd | 59 | 1584 | 34.3 | 0.1 |
| abit | 71 | 735 | 26.5 | 0 |
| fav | 40 | 168 | 23.7 | 0 |
| blockchain-bv | 0 | 3 | 11.5 | 0 |
Active Witnesses
This section will track top 30 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | in.abit 1.6.35 | 745.8 | 756 | 4 |
| 2 | bhuz 1.6.17 | 714.3 | 1728 | 3 |
| 3 | roelandp 1.6.74 | 711.8 | 94 | 6 |
| 4 | abc123 1.6.65 | 698.8 | 1375 | 5 |
| 5 | fox 1.6.16 | 696.5 | 4549 | |
| 6 | witness.yao 1.6.71 | 691.6 | 3619 | 7 |
| 7 | witness.still 1.6.69 | 688.6 | 9333 | 6 |
| 8 | verbaltech2 1.6.34 | 684.6 | 4047 | 16 |
| 9 | sahkan-bitshares 1.6.73 | 682.1 | 1376 | 16 |
| 10 | delegate-1.lafona 1.6.28 | 677.3 | 4472 | 3 |
| 11 | xn-delegate 1.6.59 | 675.6 | 2911 | 2 |
| 12 | xman 1.6.64 | 673.6 | 1782 | 13 |
| 13 | xeldal 1.6.22 | 672.9 | 2496 | 3 |
| 14 | crazybit 1.6.84 | 630.9 | 661 | 7 |
| 15 | delegate.freedom 1.6.63 | 610.1 | 4942 | 5 |
| 16 | openledger-dc 1.6.76 | 607 | 757 | 10 |
| 17 | delegate-zhaomu 1.6.98 | 605.5 | 667 | 2 |
| 18 | rnglab 1.6.45 | 574.7 | 2222 | 1 |
| 19 | elmato 1.6.20 | 574.2 | 4419 | 15 |
| 20 | magicwallet.witness 1.6.110 | 572.3 | 56 | 5 |
| 21 | blckchnd 1.6.75 | 555.2 | 984 | 3 |
| 22 | witness.hiblockchain 1.6.105 | 548.7 | 611 | 9 |
| 23 | gdex-witness 1.6.120 | 500.7 | 30 | 5 |
| 24 | winex.witness 1.6.101 | 483.4 | 727 | 3 |
| 25 | clockwork 1.6.117 | 452.6 | 25 | 2 |
| 26 | delegate.ihashfury 1.6.26 | 425.5 | 871 | 1 |
| 27 | mr.agsexplorer 1.6.24 | 357.6 | 8196 | 478 |
| 28 | bangzi 1.6.116 | 350.9 | 0 | |
| 29 | delegate.taolje 1.6.38 | 346.8 | 4771 | |
| 30 | delegate-clayop 1.6.27 | 333.7 | 5200 |
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 | 229,867,368 | -2,453,131.00 | -1.06% |
| 2 | bitkkchubei002 | 161,192,406 | - | 0.00% |
| 3 | bitcc-bts-cold | 117,045,504 | -1,980,600.00 | -1.66% |
| 4 | binance-cold-1 | 114,787,664 | - | 0.00% |
| 5 | gamma-rabbit | 61,197,392 | - | 0.00% |
| 6 | alpha-dog | 50,454,638 | 199,999.82 | 0.40% |
| 7 | huobi-withdrawal | 40,811,874 | -3,094,273.00 | -7.05% |
| 8 | binance-bts-1 | 38,459,621 | 11,116,056.00 | 40.65% |
| 9 | binance-bitshares-gvbdb84k6h | 37,770,677 | -15,217,861.00 | -28.72% |
| 10 | delta-lion | 22,651,470 | - | 0.00% |
| 11 | ranchorelaxo2017 | 21,769,775 | - | 0.00% |
| 12 | gate-bts-off001 | 21,324,213 | - | 0.00% |
| 13 | test-changekey | 20,163,274 | - | 0.00% |
| 14 | abit | 20,110,507 | - | 0.00% |
| 15 | bittrex-deposit | 17,828,256 | -68,048.00 | -0.38% |
| 16 | zbbts001 | 15,403,290 | 1,086,516.00 | 7.59% |
| 17 | stan | 14,791,942 | -1.00 | 0.00% |
| 18 | jubi-bts | 14,591,906 | - | 0.00% |
| 19 | a2dcdf323a8a576408f62604b17a8a52 | 12,742,029 | -160,428.00 | -1.24% |
| 20 | alexna64 | 12,143,695 | - | 0.00% |
| 21 | anonymous | 11,212,516 | - | 0.00% |
| 22 | yun-bts | 10,962,754 | - | 0.00% |
| 23 | evan | 10,659,692 | - | 0.00% |
| 24 | enki | 9,999,321 | 171,430.00 | 1.74% |
| 25 | committee-cnytrader | 9,887,033 | - | 0.00% |
| 26 | getch-bts | 9,535,172 | - | 0.00% |
| 27 | brother-john | 9,312,086 | - | 0.00% |
| 28 | virtual-ventures | 9,153,485 | - | 0.00% |
| 29 | ibilitlan-scoltock | 8,673,958 | - | 0.00% |
| 30 | mr-wang | 8,156,959 | - | 0.00% |
| 31 | graphene2015 | 8,130,428 | - | 0.00% |
| 32 | roje | 8,040,409 | - | 0.00% |
| 33 | bts-subscribe | 7,999,005 | - | 0.00% |
| 34 | cievia-waugaman | 7,990,214 | - | 0.00% |
| 35 | onceuponatime | 7,805,080 | 13,011.00 | 0.17% |
| 36 | invictus | 7,494,364 | -0.45 | 0.00% |
| 37 | jiny2 | 7,438,984 | - | 0.00% |
| 38 | haeassa-granovsky | 7,431,931 | - | 0.00% |
| 39 | echocold1 | 7,097,651 | -2,000,000.00 | -21.98% |
| 40 | cass | 6,737,585 | - | 0.00% |
| 41 | tyrone-shoelaces | 6,615,913 | - | 0.00% |
| 42 | abinia-rivard | 6,550,563 | - | 0.00% |
| 43 | keebler-kahn | 6,500,770 | - | 0.00% |
| 44 | gate-io-bts66 | 6,416,065 | -17,609.00 | -0.27% |
| 45 | tsuratsura-3557 | 6,395,199 | - | 0.00% |
| 46 | bts-morning | 6,158,407 | - | 0.00% |
| 47 | ld636433 | 6,095,525 | 255,525.00 | 4.38% |
| 48 | yoyow.team | 6,000,002 | -0.31 | 0.00% |
| 49 | bristolbay | 5,800,011 | - | 0.00% |
| 50 | fericia-brick | 5,766,623 | - | 0.00% |
| 51 | btszhqxf | 5,734,712 | - | 0.00% |
| 52 | spring | 5,560,779 | - | 0.00% |
| 53 | hnnr8 | 5,460,998 | - | 0.00% |
| 54 | cadord-ozois | 5,423,173 | - | 0.00% |
| 55 | storj | 5,366,573 | - | 0.00% |
| 56 | xhunter | 5,192,094 | - | 0.00% |
| 57 | jeraud-kanze | 5,172,698 | - | 0.00% |
| 58 | bitcoinindonesia | 4,971,070 | -39,455.00 | -0.79% |
| 59 | geravia-mackinnon | 4,777,691 | - | 0.00% |
| 60 | denkhaus | 4,381,375 | -788,580.00 | -15.25% |
| 61 | xgqing | 4,351,903 | - | 0.00% |
| 62 | btsxzzh2 | 4,348,432 | - | 0.00% |
| 63 | cai8108 | 4,177,811 | -28,956.00 | -0.69% |
| 64 | quonael-lievesley | 4,087,235 | - | 0.00% |
| 65 | serg | 4,065,004 | -204,493.00 | -4.79% |
| 66 | coldstorage1 | 4,000,000 | - | 0.00% |
| 67 | oh-bts | 4,000,000 | - | 0.00% |
| 68 | super-bts | 3,999,990 | - | 0.00% |
| 69 | slim | 3,938,098 | - | 0.00% |
| 70 | wesley-waugaman | 3,921,027 | - | 0.00% |
| 71 | huobi-bts-withdrawal | 3,906,148 | 2,906,148.00 | 290.61% |
| 72 | hongcaibao1 | 3,900,027 | 100,015.78 | 2.63% |
| 73 | mtblock-io | 3,714,551 | - | 0.00% |
| 74 | zy360 | 3,612,457 | 211,848.00 | 6.23% |
| 75 | facem | 3,413,836 | - | 0.00% |
| 76 | rit-capital-partners | 3,393,089 | -73,890.27 | -2.13% |
| 77 | peak-yannie | 3,333,334 | - | 0.00% |
| 78 | random123 | 3,304,640 | - | 0.00% |
| 79 | bitlion | 3,302,759 | 298,242.00 | 9.93% |
| 80 | ak-999 | 3,298,765 | - | 0.00% |
| 81 | aelf | 3,253,902 | 210,593.76 | 6.92% |
| 82 | workers.bitshares.foundation | 3,205,382 | 351,068.00 | 12.30% |
| 83 | makkiavelli1977 | 3,199,365 | - | 0.00% |
| 84 | bafohald-degeorge | 3,189,866 | - | 0.00% |
| 85 | scottmclane | 3,177,116 | - | 0.00% |
| 86 | bilbo-baggins | 3,151,030 | - | 0.00% |
| 87 | livecoin-net | 3,146,190 | -16,864.00 | -0.53% |
| 88 | lao-wallet | 3,140,242 | - | 0.00% |
| 89 | ptschina | 3,076,892 | 317.00 | 0.01% |
| 90 | aleks | 3,050,009 | - | 0.00% |
| 91 | austintexas11 | 3,045,249 | - | 0.00% |
| 92 | committee-usdoperator | 3,039,809 | - | 0.00% |
| 93 | goodc0re | 3,024,484 | -742.00 | -0.02% |
| 94 | null-account | 3,013,497 | - | 0.00% |
| 95 | mcxcwbts | 3,000,686 | - | 0.00% |
| 96 | billion-hero-prize | 3,000,000 | - | 0.00% |
| 97 | ev-ev | 2,992,716 | - | 0.00% |
| 98 | gxp520wcx | 2,926,626 | 23,628.90 | 0.81% |
| 99 | roland.sun | 2,923,130 | - | 0.00% |
| 100 | yl114411419 | 2,881,485 | 203,810.00 | 7.61% |
Thanks for viewing :)
I value your feedback.
Is there something more you would like me to track in these reports? or do you have some information for the next BSoTN report? please let me know in the comments, on steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.
I hope you enjoyed this report! :)
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