Welcome to the 65th 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 - 13th December 2017
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.
On the 8th of December 2017 at 15:40 UTC, the most recent protocol upgrade was successfully deployed on the main BitShares blockchain. The most prominent change of this upgrade was the introduction of BSIP18 which allows market pegged assets that underwent a global settlement event to be revived. All affected BitAssets have been revived successfully and can now be traded, borrowed and settled like normal. More information HERE
Smartcoins are pumping!, This week has seen a 23% increase in the smartcoin supply making a new All Time High in the circulating supply of stable coins within the Bitshares platform. The largest increase in circulating supply came from BitUSD which has increased by 38%, Ruble has increased by 22% and BitCNY and BitEUR have also both seen a 16% increases. Nearly 1/5 (20%) of all Bitshares BTS in circulation is being held by the blockchain as collateral to back smartcoins
Bitshares has breached 1 Million Transactions in a 24 hour period this month. As reported by Blocktivity.info which shows Bitshares and Steem as the only blockchain to reach the 1 Million TX per day milestone.
Bitshares has reached over 500,000 accounts registered on the chain this week. Congratulations to 'b7483' who is the owner of the 500,000th account on the network.
Eristica is Migrating to BitShares and Stan and Michael will be joining their board of advisers. Eristica has been doing a "Candid Camera" meets "Pokemon" app for several years now and its gained a LOT of traction in Russia. 1.2 million people have used their app to dare someone to do something entertaining. You can find more information about this HERE
@xeldal has announced the addition of a new public Bitshares API Full-Node in Kansas City, Missouri, USA. This node add's to a large array of geographically diverse Public API nodes that allow clients from all over the global to have low latency connections to the Bitshares networks from lite clients running on their computers. More information HERE
A fork of the very popular trading bot platform 'BTSBot' has been released. The previous developer 'Alt' has shutdown the original service and now a new team has reconstructed the services and relaunched the platform. The new service can be found at bitsharesbot.com. You can find more information about the service and the updates by following @aperson (Latest update HERE)
@Stan Larimer has been invited to talk at the 2018 Conscious Media Festival in Austin Texas on the 2-4th of March. More information 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
Current registered wallets/accounts within the Bitshares network is 500549; an increase of 17507 wallets/accounts since last week
This week’s Bitshares hangout recording has been published and is available HERE
The last asset registered this week is asset #2598 and it is named 'GDEX.ETH' registered by 'gdex-team' with the description 'GDEX issued Ether backed asset, https://gdex.io'.
Smartcoin issuance chart showing weekly change since the start of 2017
# of Accounts holding BTS (only have a few weeks of data so far)
% of BTS circulating supply held as collateral for Smartcoins
Bitshares Transactions per day exceed 1,000,000 TPD
Bitshares Market Pegged Assets (Smartcoins) - A better alternative
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 | 2,604,585,189 |  795,217.00 | 0.03% |
| BTS Stealth | 287,532 | - | 0.00% |
| BTS in Open Orders (DEX - T250) | 10005871.83 | 927,440.00 | 8.91% |
| Reserve Pool | 995990568 |  -795,028.00 | -0.08% |
| RP Accumulated fees | 59,727 | -1,906.00 | -1.00% |
| Collateral (top 250) backing Smartcoins | 482132018 | 18,862,645.00 | 4.38% |
| Top 100 Total | 1,104,494,131 | -25,171,371.00 | -2.10% |
| Top 100 - minus Exchanges | 445,312,318 | -47,058,334.00 | -9.89% |
| Exchanges | 659,181,813 | 21,886,963.00 | 3.02% |
| Non Exchanges | 1,945,403,376 | -21,091,746.00 | -1.12% |
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 | 0.00001142 | 0.19400027 | 60,070,610.15 | 11,653,714.38 | 76% | -25.5% |
| USDT | 0.1919 | 0.19 | 15,055,760.00 | 2,893,854.21 | 19.1% | -48.3% |
| ETH | 0.00031112 | 0.18447338 | 3,446,494.41 | 635,786.47 | 4.4% | -43.1% |
| BNB | 0.06919 | 0.18523514 | 186,697 | 34,582.83 | 0.2% | -80.7% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia - Core Development for Second half of 2017
- 201708-bitsharesui
- Abit - Core Developer - 201712~201803
- 2017-12-blockchainacademy
- Joint Marketing Campaign of Exchanges WP
- 201710-spokesperson
- BitShares Greater China Representative
- Refund400k
Proposed Worker
- 201801-budget-chinese-translations
- 201712-infrastructure
- 201710-compliance
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
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, USD and Open.BTC
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 | 2,604,585,189 | 0.194 | 2,604,585,189 | $505,615,073.77 | 0.031% |
| BTS Stealth | 287,532 | 0.194 | 287,532 | $55,817.15 | 0.000% |
| Reserve Pool | 995,990,568 | 0.194 | 995,990,568 | $193,346,659.05 | -0.080% |
| Accumulated fees | 59,727 | 0.194 | 59,727 | $11,594.50 | -0.992% |
| BitUSD | 10,350,262 | 5.18 | 53,614,357 | $10,350,262.00 | 38.229% |
| BitCNY | 123,598,242 | 0.782 | 96,653,825 | $18,762,922.86 | 16.910% |
| BitEUR | 98,183 | 6.09 | 597,934 | $116,074.02 | 16.555% |
| BitBTC | 46.4 | 88,029 | 4,084,546 | $792,912.37 | 2.004% |
| BitGold | 82.8 | 6,377 | 528,016 | $102,501.02 | 0.000% |
| BitSilver | 11,641 | 80.8 | 940,593 | $182,592.57 | 0.000% |
| Ruble | 4,839,113 | 0.0871 | 421,487 | $81,821.11 | 22.322% |
| HERO | 1,664 | 827 | 1,376,128 | $267,140.83 | 3.745% |
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 |
|---|---|---|
| bitshares-munich | 5347 | 13 |
| btsabc | 4874 | 103 |
| compumatrix1 | 2527 | 50 |
| sdr | 2344 | 0 |
| digital-nomad | 2237 | 34 |
| bituniverse | 2099 | 193 |
| jianjolly-0 | 1743 | 0 |
| stormheart | 1146 | 0 |
| cryptofresh | 1140 | 35 |
| magicw | 960 | 25 |
| xeroc | 911 | 0 |
| ebit | 823 | 22 |
| fav | 765 | 57 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 39 | 219 | 234.6 | 3.5 |
| bitcrab | 69 | 75 | 234 | 3.5 |
| openledger | 37 | 3667 | 101.9 | 17.5 |
| still | 23 | 212 | 97 | 3.8 |
| baozi | 30 | 68 | 43.9 | -6.6 |
| fav | 24 | 135 | 42.3 | 0.4 |
| blckchnd | 27 | 823 | 24.7 | 0.2 |
| laomao | 35 | 4 | 20.9 | -1.1 |
| abit | 46 | 465 | 15.6 | 0.8 |
| bitshares-munich-wallet | 21 | 22 | 13.8 | -0.7 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 893.8 | 177.8 |
| abit | 859.3 | 186.5 |
| witness.still | 808.4 | 206 |
| xeroc | 765.3 | 137.6 |
| bhuz | 700.1 | 46.3 |
| bunkerchainlabs-com | 681 | 89.5 |
| clayop | 676 | 117.6 |
| openledgerdc | 574.4 | 135 |
| ebit | 472.8 | 87.2 |
| chris4210 | 471.8 | 92.7 |
| fav | 426.2 | 108.5 |
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 | 950.3 | 709 | 1 |
| 2 | openledger-dc 1.6.76 | 907.1 | 612 | 9 |
| 3 | witness.yao 1.6.71 | 863.6 | 3556 | 1 |
| 4 | witness.still 1.6.69 | 854.8 | 9187 | 74 |
| 5 | bhuz 1.6.17 | 846.3 | 1575 | 2 |
| 6 | xn-delegate 1.6.59 | 837.6 | 2818 | |
| 7 | roelandp 1.6.74 | 802.6 | 29 | 2 |
| 8 | blckchnd 1.6.75 | 799.9 | 918 | 10 |
| 9 | sahkan-bitshares 1.6.73 | 783.4 | 894 | 1 |
| 10 | delegate-1.lafona 1.6.28 | 752.6 | 4389 | 12 |
| 11 | crazybit 1.6.84 | 679.5 | 455 | 2 |
| 12 | rnglab 1.6.45 | 672.6 | 2073 | 9 |
| 13 | abc123 1.6.65 | 669.7 | 1274 | |
| 14 | xeldal 1.6.22 | 613 | 2253 | |
| 15 | wackou 1.6.18 | 583.8 | 1848 | 4 |
| 16 | fox 1.6.16 | 538.2 | 3608 | |
| 17 | xman 1.6.64 | 527.6 | 1641 | |
| 18 | mr.agsexplorer 1.6.24 | 486.3 | 7488 | 1763 |
| 19 | verbaltech2 1.6.34 | 485.8 | 3831 | 10 |
| 20 | delegate.freedom 1.6.63 | 479 | 4861 | |
| 21 | cyrano 1.6.21 | 448.1 | 3539 | |
| 22 | roadscape 1.6.13 | 439.9 | 1465 | |
| 23 | delegate-clayop 1.6.27 | 439.3 | 4842 | |
| 24 | delegate.ihashfury 1.6.26 | 432.8 | 869 | |
| 25 | elmato 1.6.20 | 400.3 | 4269 |
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 | Balance(inc orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | poloniexcoldstorage | 230,001,204 | 0 | - | 0.00% |
| 2 | poloniexwallet | 136,065,432 | 0 | -31,403,559.00 | -18.75% |
| 3 | bitcc-bts-cold | 77,042,346 | 0 | -2,000,002.00 | -2.53% |
| 4 | binance-cold-1 | 64,008,888 | 0 | 19,000,000.00 | 42.21% |
| 5 | bittrex-deposit | 46,827,320 | 0 | -4,496,080.00 | -8.76% |
| 6 | zbbts | 44,287,357 | 0 | -4,021,864.00 | -8.33% |
| 7 | yun-bts | 20,807,073 | 0 | -1,098,855.00 | -5.02% |
| 8 | btschbtc | 18,000,986 | 0 | - | 0.00% |
| 9 | a2dcdf323a8a576408f62604b17a8a52 | 17,731,668 | 0 | 169,976.00 | 0.97% |
| 10 | jubi-bts | 14,591,896 | 0 | 832.00 | 0.01% |
| 11 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 12 | stan | 12,510,820 | 0 | - | 0.00% |
| 13 | alexna64 | 12,143,695 | 0 | - | 0.00% |
| 14 | evan | 10,659,692 | 0 | - | 0.00% |
| 15 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 16 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 17 | coinegg-main | 9,208,374 | 0 | -9,853.00 | -0.11% |
| 18 | roje | 8,850,419 | 0 | - | 0.00% |
| 19 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 20 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 21 | graphene2015 | 7,744,451 | 0 | - | 0.00% |
| 22 | binance-bts-1 | 7,549,311 | 0 | 4,275,164.00 | 130.57% |
| 23 | invictus | 7,494,364 | 0 | - | 0.00% |
| 24 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 25 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 26 | exxbts | 7,180,923 | 0 | 38,885.00 | 0.54% |
| 27 | cass | 6,800,020 | 0 | -200,000.00 | -2.86% |
| 28 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 29 | bitcoinindonesia | 6,520,803 | 0 | 158,721.00 | 2.49% |
| 30 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 31 | tyrone-shoelaces | 6,498,541 | 0 | 192,451.00 | 3.05% |
| 32 | abc.btsbots | 6,075,040 | 25,000 | 5,074,997.00 | 507.48% |
| 33 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 34 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 35 | tsuratsura-3557 | 5,667,772 | 0 | - | 0.00% |
| 36 | yoyow.team | 5,579,049 | 0 | - | 0.00% |
| 37 | storj | 5,547,726 | 0 | - | 0.00% |
| 38 | zbsend | 5,500,153 | 0 | 497,416.00 | 9.94% |
| 39 | spring | 5,482,704 | 0 | - | 0.00% |
| 40 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 41 | linhan | 5,425,095 | 0 | - | 0.00% |
| 42 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 43 | ld636433 | 5,394,229 | 0 | 301,818.00 | 5.93% |
| 44 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 45 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 46 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 47 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 48 | onceuponatime | 4,998,948 | 131,692 | -193,482.00 | -3.73% |
| 49 | bts-subscribe | 4,912,795 | 410,000 | -72,877.00 | -1.46% |
| 50 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 51 | binance-bitshares-gvbdb84k6h | 4,733,799 | 0 | -7,373,433.00 | -60.90% |
| 52 | xgqing | 4,351,903 | 0 | - | 0.00% |
| 53 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 54 | bts-morning | 4,334,095 | 0 | 661,266.00 | 18.00% |
| 55 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 56 | oh-bts | 4,000,001 | 0 | -417,084.00 | -9.44% |
| 57 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 58 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 59 | slim | 3,946,554 | 0 | - | 0.00% |
| 60 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 61 | serg | 3,867,349 | 0 | - | 0.00% |
| 62 | goodc0re | 3,778,207 | 0 | - | 0.00% |
| 63 | livecoin-net | 3,756,388 | 0 | -25,489.00 | -0.67% |
| 64 | jackkang | 3,482,938 | 0 | - | 0.00% |
| 65 | bitspark-deposit | 3,406,436 | 0 | 1,274.00 | 0.04% |
| 66 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 67 | stat-dude | 3,312,792 | 385,332 | -1,854,981.00 | -35.90% |
| 68 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 69 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 70 | scottmclane | 3,177,116 | 0 | - | 0.00% |
| 71 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 72 | bilbo-baggins | 3,151,030 | 0 | - | 0.00% |
| 73 | lao-wallet | 3,140,242 | 0 | - | 0.00% |
| 74 | null-account | 3,011,947 | 0 | - | 0.00% |
| 75 | swipetoken888 | 3,000,006 | 0 | - | 0.00% |
| 76 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 77 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 78 | kryptobeast07 | 2,849,780 | 0 | - | 0.00% |
| 79 | koocaa | 2,781,355 | 0 | - | 0.00% |
| 80 | bts-scotter | 2,761,963 | 112 | -1,085,969.00 | -28.22% |
| 81 | roland.sun | 2,733,575 | 0 | - | 0.00% |
| 82 | random123 | 2,700,607 | 0 | - | 0.00% |
| 83 | ajc14 | 2,569,401 | 654,381 | -760,283.00 | -22.83% |
| 84 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 85 | chainsquad | 2,528,014 | 0 | - | 0.00% |
| 86 | thread | 2,513,484 | 0 | - | 0.00% |
| 87 | hodor | 2,509,880 | 0 | - | 0.00% |
| 88 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 89 | sk | 2,500,009 | 0 | -200,000.00 | -7.41% |
| 90 | dev.bitsharesblocks | 2,416,712 | 0 | -2,959.00 | -0.12% |
| 91 | spook | 2,296,849 | 0 | - | 0.00% |
| 92 | poloniex | 2,239,885 | 0 | 331.00 | 0.01% |
| 93 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 94 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 95 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 96 | wayne-btsx | 2,190,912 | 0 | - | 0.00% |
| 97 | vikramatre... | 2,162,543 | 0 | - | 0.00% |
| 98 | talos | 2,161,539 | 0 | - | 0.00% |
| 99 | alpha-dog | 2,140,259 | 257 | 1,140,259.00 | 114.03% |
| 100 | top-quants | 2,128,009 | 0 | - | 0.00% |
Thanks for viewing :)
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I hope you enjoyed this report! :)
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