Welcome to the 34th 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 - 9th May 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.
Massive 100% increase in BitCNY and 45% increase in BitUSD on the Bitshares network this week! Great to see this huge support for these fiat pegged smartcoins
Total value of smartcoins on the Bitshares network is about to reach 3 Million USD worth of value this week!; see a breakdown of the smartcoins on the network below this section
Majority of this week has seen 24 hour volume traded on the Bitshares DEX over 1 Million USD with the highest value i personally seen being over 4 Million USD!
This week has recorded a record level of activity on the DEX with the 8th of May 2017 seeing over 400,000 Market operations in 1 day, to be clear this only included create cancel and fill orders on the DEX, this equates to and average of 4.81 TPS having our network peak above bitcoin TPS while providing the same level of service as always; see the picture below this section
@stan has announced a new 'Formula Pegged Asset' (FPA) known as 'HERO'. Hero is a special type of smartcoin that is pegged to the value of the USD + 5%; The power of this asset could have retirees and under banked customers from all around the world entering the eco system. Stan has provided the following narrative: 'The HERO is a unit of digital currency whose value is mathematically pegged to the US dollar plus 5% APR since the Creature from Jekyll Island began printing it in 1913. Today the value of the dollar is worth less than 2 cents in 1913 dollars. The HERO is worth over $150 in 2017.'. Find out more information about this smartcoin HERE
@xeroc has been working on documentation for the 'HERO' coin mentioned above, it is quite comprehensive and recommend anyone to check out the concepts being explored with the 'HERO' coin; it is my opinion that this has huge potential. you can read more HERE
Bitshares user Bhuz has started a forum thread to gauge community feedback on the witness pay rates and what rates seem reasonable as compensation for securing the network and producing price feeds. The tread titled 'Next Committee Proposal: Witness Pay' can be found HERE
Dan Larimer is has done an interview with Alex Sterk from 'Blocktalk'. You can find the recording of this interview HERE
Peerplays has done an interview with Alex Sterk from 'Blocktalk'. You can find the recording of this interview HERE
Cointelegraph has released an article titled 'Peerplays Blockchain Enables Provably Fair Gaming Environment' at the time of writing this article was receiving 100 views per hour and has been shared 109 times. You can read this article HERE
Soledger's worker proposal has fallen outside the scope of active workers and is now awaiting further shareholder approval
@embermine-drake of the Embermine project has done an interview with The Blockchain Show talking about the project and ICO. The interview can be found HERE
@virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.
Bitshares, brought to you by V.OT.U. from Russia with love... what more can i say :) -> HERE
This weeks Bitshares hangout recording has been published and is available HERE
This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @steemrollin @richardcrill @virtualgrowth @officialfuzzy and @xanoxt you can find more details and last weeks recording HERE
Current registered wallets/accounts within the Bitshares network is 169277; an increase of 2361 wallets/accounts since last week
The last asset registered this week is asset #1373 and it is named 'GFUND' registered by 'cyberfund' with the description 'Golos Investment Fund: Fund that invests into the Graphene ecosystem'.
Smartcoin growth from that start of 2017
Bitshares network averaging 4.82 Transactions Per Second on the 8th of May 2017; 416,000 market operations out of a total of 580,000 transactions in 1 day
HERO - %5 annual gain against the dollar since Dec 23, 1913
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 | 2,599,830,130 |  1,265,977.00 | 0.05% |
| BTS Stealth | 266,871 | - | 0.00% |
| BTS in Open Orders (DEX) | 10897356.46 |  -4,230,865.54 | -23.88% |
| Reserve Pool | 1,000,748,512 | -1,265,977.00 | -0.13% |
| RP Accumulated fees | 24,011 | -62.00 | -0.47% |
| Collateral (top 250) backing Smartcoins | 414238153 | -3,526,766.00 | -0.87% |
| Top 100 Total | 1,400,066,192 | 60,589,238.50 | 4.50% |
| Top 100 - minus Exchanges | 515,401,726 | -13,456,136.74 | -2.55% |
| Exchanges | 884,664,466 | 74,045,375.24 | 9.04% |
| Non Exchanges | 1,715,165,664 | -72,779,398.24 | -4.09% |
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 | 0.00002232 | 0.03954569 | 417,714,425.80 | 16,518,806.07 | 61.2508 | 1829.1% |
| CNY | 0.27824807 | 0.04028786 | 264,257,798.37 | 10,646,379.90 | 38.749 | 1143.3% |
| USD | 0.0472727 | 0.0472727 | 53.31 | 2.5201 | 0 | |
| EUR | 0.0498029 | 0.05421774 | 1,702.71 | 92.3171 | 0 | |
| WAVES | 0.025 | 0.0195331 | 0 | 0 | 0 | |
| GBP | 0.02914136 | 0.0377768 | 0 | 0 | 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, USD and BTS
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 | 2,599,830,130 | 0.03983331 | 2,599,830,130 | $103,559,839.52 | 0.0487% |
| BTS Stealth | 266,871 | 0.03983331 | 266,871 | $10,630.36 | 0.00% |
| Reserve Pool | 1,000,748,512 | 0.03983331 | 1,000,748,512 | $39,863,125.71 | -0.1263% |
| Accumulated fees | 24,011 | 0.03983331 | 24,011 | $956.44 | -0.26% |
| BitUSD | 944,178 | 27.2 | 25,681,642 | $944,178.00 | 45.35% |
| BitCNY | 11,616,602 | 3.82 | 44,375,420 | $1,767,619.85 | 100.01% |
| BitEUR | 60,029 | 29.7 | 1,782,861 | $71,017.27 | -27.89% |
| BitBTC | 52.1 | 48,456 | 2,524,558 | $100,561.49 | 11.32% |
| BitGold | 17.34 | 32,369 | 561,278 | $22,357.58 | 30.57% |
| BitSilver | 3,189 | 428 | 1,364,892 | $54,368.17 | 17.37% |
| Ruble | 309,000 | 0.489 | 151,101 | $6,018.85 | 14.44% |
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 | 2791 | 120 |
| compumatrix1 | 2167 | 22 |
| jianjolly-0 | 1743 | 0 |
| btsabc | 605 | 33 |
| openledger | 514 | 0 |
| fav | 357 | 0 |
| cryptofresh | 341 | 0 |
| gn1 | 251 | 0 |
| ccm2015 | 232 | 0 |
| sdr | 207 | 19 |
| cryptocurrency3 | 199 | 0 |
| by24seven | 185 | 0 |
| xiangxn | 173 | 5 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 33 | 161 | 238 | -12.8 |
| bitcrab | 66 | 27 | 220.8 | 12.6 |
| laomao | 35 | 4 | 157.2 | 77.7 |
| baozi | 24 | 62 | 65.7 | -2.8 |
| bitshares-munich-wallet | 7 | 13 | 30.3 | 0 |
| btsabc | 60 | 24 | 21.8 | 0.9 |
| fav | 15 | 44 | 13.5 | 2.3 |
| yao | 27 | 32 | 12.9 | -10.4 |
| abit | 44 | 259 | 12 | -0.2 |
| jonnybitcoin | 34 | 20 | 9.1 | -3.6 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 791.3 | 0 |
| abit | 745.4 | 0 |
| chris4210 | 735.7 | 0 |
| bhuz | 706.7 | 0 |
| xeroc | 645.7 | 0 |
| clayop | 637.4 | 0 |
| bunkerchainlabs-com | 594.2 | 0 |
| ebit | 440 | 0 |
| openledgerdc | 382.1 | 0 |
| harvey-xts | 337.1 | 0 |
| fav | 317 | 0 |
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 | 879.3 | 310 | 177 |
| 2 | bhuz 1.6.17 | 869.9 | 1093 | |
| 3 | wackou 1.6.18 | 854 | 1273 | 2 |
| 4 | fox 1.6.16 | 843.4 | 2908 | 9 |
| 5 | witness.yao 1.6.71 | 840 | 3117 | 2 |
| 6 | verbaltech2 1.6.34 | 839.5 | 1206 | 5 |
| 7 | delegate.baozi 1.6.37 | 838.4 | 1024 | 4 |
| 8 | rnglab 1.6.45 | 827.7 | 1279 | 2 |
| 9 | xman 1.6.64 | 821.3 | 1152 | 11 |
| 10 | xn-delegate 1.6.59 | 783.3 | 2289 | 1 |
| 11 | witness.still 1.6.69 | 770 | 8330 | 5 |
| 12 | xeldal 1.6.22 | 706.5 | 1179 | 134 |
| 13 | abc123 1.6.65 | 640.2 | 845 | 4 |
| 14 | openledger-dc 1.6.76 | 628.4 | 1 | 1 |
| 15 | roelandp 1.6.74 | 617.6 | 1 | 1 |
| 16 | harvey-xts 1.6.23 | 596.2 | 5112 | 5 |
| 17 | sahkan-bitshares 1.6.73 | 590.8 | 152 | |
| 18 | spartako 1.6.15 | 583.6 | 968 | |
| 19 | delegate.freedom 1.6.63 | 582.9 | 3577 | 4 |
| 20 | jerryliu 1.6.72 | 567.2 | 5036 | 2286 |
| 21 | elmato 1.6.20 | 559.8 | 3008 | 2 |
| 22 | mr.agsexplorer 1.6.24 | 546.9 | 1225 | 401 |
| 23 | delegate.ihashfury 1.6.26 | 496.4 | 869 | 1 |
| 24 | delegate-clayop 1.6.27 | 490.7 | 4312 | 962 |
| 25 | maqifrnswa 1.6.43 | 441.4 | 6144 |
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(include orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 2 | bitcc-bts-cold | 196419017.6 | 0 | -30,000,005.55 | -13.25% |
| 3 | poloniexwallet | 151712377.4 | 0 | 605,253.58 | 0.40% |
| 4 | yun-bts | 113942351.7 | 0 | 74,623,776.60 | 189.79% |
| 5 | bittrex-deposit | 45573949.93 | 0 | 10,769,048.91 | 30.94% |
| 6 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 7 | bitcc-bts | 24713909.53 | 0 | 8,525,055.54 | 52.66% |
| 8 | aloha | 20624254.57 | 0 | 1,043,108.39 | 5.33% |
| 9 | stan | 20618873.65 | 0 | - | 0.00% |
| 10 | aboy | 14500000.61 | 0 | 2,214,297.35 | 18.02% |
| 11 | btercom | 13049112.07 | 0 | - | 0.00% |
| 12 | evan | 12117138.51 | 9994.34602 | -1,008.62 | -0.01% |
| 13 | cass | 11440165.64 | 0 | - | 0.00% |
| 14 | abit | 11343198.48 | 30000 | 4,998.38 | 0.04% |
| 15 | mcxcwbts | 10940709.07 | 0 | 122,252.23 | 1.13% |
| 16 | crypto-maniac | 10613396.97 | 0 | - | 0.00% |
| 17 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 18 | bitshares-munich-wallet | 10450422.63 | 0 | -2.77 | 0.00% |
| 19 | bterdeposit | 9539863.448 | 0 | 4,812,998.82 | 101.82% |
| 20 | jiny2 | 9443640.165 | 0 | - | 0.00% |
| 21 | virtual-ventures | 9318078.011 | 0 | - | 0.00% |
| 22 | tsuratsura-3557 | 9130153.495 | 0 | 193,645.83 | 2.17% |
| 23 | graphene2015 | 8974070.916 | 0 | 1,481,312.43 | 19.77% |
| 24 | roje | 8850429.578 | 0 | - | 0.00% |
| 25 | invictus | 8815142.915 | 0 | -1,000,001.43 | -10.19% |
| 26 | linanjun | 8747092.35 | 1706.26871 | 7,163,077.46 | 452.21% |
| 27 | ibilitlan-scoltock | 8673958.411 | 0 | - | 0.00% |
| 28 | cievia-waugaman | 7990213.251 | 0 | - | 0.00% |
| 29 | comp6 | 7594257.818 | 0 | -550,045.89 | -6.75% |
| 30 | bc-godpay | 7544915.971 | 0 | -18,520.09 | -0.24% |
| 31 | haeassa-granovsky | 7431931.353 | 0 | - | 0.00% |
| 32 | coldstorage1 | 6999999.923 | 0 | -1,300,001.08 | -15.66% |
| 33 | btsnow | 6648735.315 | 0 | 6,548,735.31 | 6548.74% |
| 34 | abinia-rivard | 6550562.954 | 0 | - | 0.00% |
| 35 | keebler-kahn | 6500769.529 | 0 | 298,383.00 | 4.81% |
| 36 | onceuponatime | 6450888.46 | 0 | - | 0.00% |
| 37 | millibit53 | 6234726.38 | 0 | - | 0.00% |
| 38 | trans.bot | 6050078.882 | 0 | 3,519,070.32 | 139.04% |
| 39 | rvrts | 5954967.328 | 0 | 5,854,967.33 | 5854.97% |
| 40 | alexna64 | 5869988.939 | 0 | - | 0.00% |
| 41 | pay.xeroc | 5785155.848 | 0 | - | 0.00% |
| 42 | fericia-brick | 5766622.727 | 0 | - | 0.00% |
| 43 | btszhqxf | 5734711.5 | 0 | - | 0.00% |
| 44 | dev.bitsharesblocks | 5638893.431 | 0 | -138,023.00 | -2.39% |
| 45 | miso69 | 5478228.737 | 0 | - | 0.00% |
| 46 | linhan | 5425094.721 | 0 | - | 0.00% |
| 47 | cadord-ozois | 5423173.409 | 0 | - | 0.00% |
| 48 | bts-morning | 5372840.009 | 0 | - | 0.00% |
| 49 | spring | 5365473.919 | 0 | -11,510.15 | -0.21% |
| 50 | bristolbay | 5325003.672 | 0 | - | 0.00% |
| 51 | xhunter | 5233238.27 | 0 | - | 0.00% |
| 52 | ddd555 | 5211720.711 | 0 | - | 0.00% |
| 53 | synergy3 | 5177771.317 | 0 | 390,659.51 | 8.16% |
| 54 | jeraud-kanze | 5172698.487 | 0 | - | 0.00% |
| 55 | laow | 5057708.821 | 0 | - | 0.00% |
| 56 | geravia-mackinnon | 4777690.635 | 0 | - | 0.00% |
| 57 | mybak | 4709247.334 | 0 | - | 0.00% |
| 58 | prebuffo1970 | 4599651.896 | 0 | -2,000,006.38 | -30.30% |
| 59 | tyrone-shoelaces | 4461958.809 | 0 | - | 0.00% |
| 60 | multisig-worker-2017-01 | 4356519.527 | 0 | - | 0.00% |
| 61 | btsxzzh2 | 4348432.46 | 0 | - | 0.00% |
| 62 | slim | 4153504.029 | 0 | - | 0.00% |
| 63 | quonael-lievesley | 4087235.19 | 0 | - | 0.00% |
| 64 | tkoba99 | 4034034.173 | 1558.846 | - | 0.00% |
| 65 | wesley-waugaman | 3921027.341 | 0 | - | 0.00% |
| 66 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 67 | anonymous | 3814475.978 | 85000 | 2,654,858.00 | 228.94% |
| 68 | satoshi-pie | 3697789.728 | 0 | -925,001.45 | -20.01% |
| 69 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 70 | laplap5 | 3493800.179 | 0 | - | 0.00% |
| 71 | chainsquad | 3484192.432 | 0 | 1,000,000.00 | 40.25% |
| 72 | mike-primorac | 3479278.07 | 0 | -51.38 | 0.00% |
| 73 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 74 | bitcoinindonesia | 3386783.854 | 0 | 15,448.77 | 0.46% |
| 75 | mcxcw | 3270756.45 | 0 | 166,847.75 | 5.38% |
| 76 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 77 | goodc0re | 3250094.671 | 0 | -749,907.43 | -18.75% |
| 78 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 79 | wind-flower | 3174191.323 | 0 | - | 0.00% |
| 80 | bunkerchainlabs-com | 3023334.06 | 0 | 2,053,561.70 | 211.76% |
| 81 | null-account | 3011944.766 | 0 | - | 0.00% |
| 82 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 83 | profoot | 2849980.736 | 0 | -100,001.37 | -3.39% |
| 84 | geneko | 2824347.554 | 0 | 1,966,096.24 | 229.08% |
| 85 | mostar | 2748783.077 | 0 | -3,001.31 | -0.11% |
| 86 | wildman-capital | 2678435.34 | 82995.05583 | 712,208.61 | 36.22% |
| 87 | douglasriese1994 | 2642911.206 | 0 | - | 0.00% |
| 88 | dragongroup | 2601511.06 | 0 | 52,051.37 | 2.04% |
| 89 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 90 | bang-king | 2570419.337 | 0 | -0.13 | 0.00% |
| 91 | hardfork2 | 2545413.479 | 0 | - | 0.00% |
| 92 | serg | 2515783.949 | 0 | - | 0.00% |
| 93 | thread | 2485990.228 | 0 | - | 0.00% |
| 94 | impseu1 | 2432045.057 | 0 | -2,000,001.38 | -45.13% |
| 95 | chryspano | 2350884.43 | 0 | -490,002.76 | -17.25% |
| 96 | ddd888 | 2316137.124 | 0 | 29,495.11 | 1.29% |
| 97 | jy2017 | 2309639.691 | 0 | 2,070,644.69 | 866.40% |
| 98 | spook | 2296848.99 | 0 | - | 0.00% |
| 99 | yvg1900 | 2221038.424 | 0 | - | 0.00% |
| 100 | nana-roseannadana | 2209985.926 | 0 | - | 0.00% |
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! :)
Image Credit: @cass
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