Bitshares - State of the Network - 22nd May 2018

in bitshares •  3 months ago


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.

DistributionBalanceChange W/WChange W/W %
BTS Supply2,626,632,157 2,014,148.000.08%
BTS Stealth285,074 4.000.00%
BTS in Open Orders (DEX - T250)10737818 -383,981.00-3.45%
Reserve Pool973940997 -2,014,148.00-0.21%
RP Accumulated fees37401-0.00%
Collateral (top 250) backing Smartcoins403723322 19,133,721.004.98%
Top 100 Total1,470,673,150 -11,085,959.77-0.75%
Top 100 - minus Exchanges663,285,698 -3,294,250.77-0.49%
Exchanges807,387,452 -7,791,709.00-0.96%
Non Exchanges1,819,244,705 9,805,857.000.54%

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.

MarketLast PricePrice USD24hr Vol BTS24hr Vol USDVol %Vol % Change W/W
BTC0.000028690.2337308719,043,108.974,450,962.5254.9%-36.2%
USDT0.234219430.2311,767,632.132,756,150.2533.9%-56.7%
ETH0.000316010.214137063,261,695.52698,449.889.4%-30.8%
BNB0.016460.23578951348,65082,207.911.0%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.

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,626,632,1570.232609,665,567$609,665,567.45 0.077%
BTS Stealth285,0740.23266,168$66,168.31 0.001%
Reserve Pool973,940,9970.232226,060,695$226,060,694.88 -0.206%
Accumulated fees37,4010.2328,681$8,681.120.000%
BitUSD14,661,1644.2362,016,724$14,394,653.99 5.574%
BitCNY236,040,7830.663156,495,039$36,323,943.03 0.518%
BitEUR112,8624.99563,181$130,719.60 2.031%
BitBTC51.934,7421,803,110$418,518.43 0.193%
BitGold189.55,4711,036,755$240,640.290.000%
BitSilver21,767701,523,690$353,662.510.000%
Ruble8,072,7670.0687554,599$128,727.57 3.251%
HERO998688686,624$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.

AccountReferralsChange W/W
btsabc59400
bitshares-munich55300
bituniverse495120
compumatrix125690
digital-nomad24980
sdr23570
cryptofresh215723
jianjolly-01741-2
magicw16690
by24seven12683
superone12198
bcp201711990
estefantt11740

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
bitcrab90115158.9 0.2
xeroc61209137.1 0.3
openledger5610925107.2 -15.1
michaelx5811776.4 -0.9
bitshareseurope045546.4 11.3
still13033141.1 1.2
blckchnd59158434.3 0.1
abit7173526.50
fav4016823.70
blockchain-bv0311.50

Active Witnesses

This section will track top 30 active witnesses and the changes in support

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 745.87564
2bhuz 1.6.17 714.317283
3roelandp 1.6.74 711.8946
4 abc123 1.6.65 698.813755
5 fox 1.6.16 696.54549
6 witness.yao 1.6.71 691.636197
7 witness.still 1.6.69 688.693336
8 verbaltech2 1.6.34 684.6404716
9sahkan-bitshares 1.6.73 682.1137616
10delegate-1.lafona 1.6.28 677.344723
11xn-delegate 1.6.59 675.629112
12xman 1.6.64 673.6178213
13xeldal 1.6.22 672.924963
14crazybit 1.6.84 630.96617
15delegate.freedom 1.6.63 610.149425
16 openledger-dc 1.6.76 60775710
17 delegate-zhaomu 1.6.98 605.56672
18 rnglab 1.6.45 574.722221
19 elmato 1.6.20 574.2441915
20 magicwallet.witness 1.6.110 572.3565
21 blckchnd 1.6.75 555.29843
22 witness.hiblockchain 1.6.105 548.76119
23gdex-witness 1.6.120 500.7305
24winex.witness 1.6.101 483.47273
25clockwork 1.6.117 452.6252
26delegate.ihashfury 1.6.26 425.58711
27mr.agsexplorer 1.6.24 357.68196478
28 bangzi 1.6.116 350.90
29 delegate.taolje 1.6.38 346.84771
30 delegate-clayop 1.6.27 333.75200

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

RankAccountTotal BTSChange W/WChange W/W %
1poloniexwallet229,867,368-2,453,131.00 -1.06%
2bitkkchubei002161,192,406-0.00%
3bitcc-bts-cold117,045,504-1,980,600.00 -1.66%
4binance-cold-1114,787,664-0.00%
5gamma-rabbit61,197,392-0.00%
6alpha-dog50,454,638199,999.82 0.40%
7huobi-withdrawal40,811,874-3,094,273.00 -7.05%
8binance-bts-138,459,62111,116,056.00 40.65%
9binance-bitshares-gvbdb84k6h37,770,677-15,217,861.00 -28.72%
10delta-lion22,651,470-0.00%
11ranchorelaxo201721,769,775-0.00%
12gate-bts-off00121,324,213-0.00%
13test-changekey20,163,274-0.00%
14abit20,110,507-0.00%
15bittrex-deposit17,828,256-68,048.00 -0.38%
16zbbts00115,403,2901,086,516.00 7.59%
17stan14,791,942-1.00 0.00%
18jubi-bts14,591,906-0.00%
19a2dcdf323a8a576408f62604b17a8a5212,742,029-160,428.00 -1.24%
20alexna6412,143,695-0.00%
21anonymous11,212,516-0.00%
22yun-bts10,962,754-0.00%
23evan10,659,692-0.00%
24enki9,999,321171,430.00 1.74%
25committee-cnytrader9,887,033-0.00%
26getch-bts9,535,172-0.00%
27brother-john9,312,086-0.00%
28virtual-ventures9,153,485-0.00%
29ibilitlan-scoltock8,673,958-0.00%
30mr-wang8,156,959-0.00%
31graphene20158,130,428-0.00%
32roje8,040,409-0.00%
33bts-subscribe7,999,005-0.00%
34cievia-waugaman7,990,214-0.00%
35onceuponatime7,805,08013,011.00 0.17%
36invictus7,494,364-0.45 0.00%
37jiny27,438,984-0.00%
38haeassa-granovsky7,431,931-0.00%
39echocold17,097,651-2,000,000.00 -21.98%
40cass6,737,585-0.00%
41tyrone-shoelaces6,615,913-0.00%
42abinia-rivard6,550,563-0.00%
43keebler-kahn6,500,770-0.00%
44gate-io-bts666,416,065-17,609.00 -0.27%
45tsuratsura-35576,395,199-0.00%
46bts-morning6,158,407-0.00%
47ld6364336,095,525255,525.00 4.38%
48yoyow.team6,000,002-0.31 0.00%
49bristolbay5,800,011-0.00%
50fericia-brick5,766,623-0.00%
51btszhqxf5,734,712-0.00%
52spring5,560,779-0.00%
53hnnr85,460,998-0.00%
54cadord-ozois5,423,173-0.00%
55storj5,366,573-0.00%
56xhunter5,192,094-0.00%
57jeraud-kanze5,172,698-0.00%
58bitcoinindonesia4,971,070-39,455.00 -0.79%
59geravia-mackinnon4,777,691-0.00%
60denkhaus4,381,375-788,580.00 -15.25%
61xgqing4,351,903-0.00%
62btsxzzh24,348,432-0.00%
63cai81084,177,811-28,956.00 -0.69%
64quonael-lievesley4,087,235-0.00%
65serg4,065,004-204,493.00 -4.79%
66coldstorage14,000,000-0.00%
67oh-bts4,000,000-0.00%
68super-bts3,999,990-0.00%
69slim3,938,098-0.00%
70wesley-waugaman3,921,027-0.00%
71huobi-bts-withdrawal3,906,1482,906,148.00 290.61%
72hongcaibao13,900,027100,015.78 2.63%
73mtblock-io3,714,551-0.00%
74zy3603,612,457211,848.00 6.23%
75facem3,413,836-0.00%
76rit-capital-partners3,393,089-73,890.27 -2.13%
77peak-yannie3,333,334-0.00%
78random1233,304,640-0.00%
79bitlion3,302,759298,242.00 9.93%
80ak-9993,298,765-0.00%
81aelf3,253,902210,593.76 6.92%
82workers.bitshares.foundation3,205,382351,068.00 12.30%
83makkiavelli19773,199,365-0.00%
84bafohald-degeorge3,189,866-0.00%
85scottmclane3,177,116-0.00%
86bilbo-baggins3,151,030-0.00%
87livecoin-net3,146,190-16,864.00 -0.53%
88lao-wallet3,140,242-0.00%
89ptschina3,076,892317.00 0.01%
90aleks3,050,009-0.00%
91austintexas113,045,249-0.00%
92committee-usdoperator3,039,809-0.00%
93goodc0re3,024,484-742.00 -0.02%
94null-account3,013,497-0.00%
95mcxcwbts3,000,686-0.00%
96billion-hero-prize3,000,000-0.00%
97ev-ev2,992,716-0.00%
98gxp520wcx2,926,62623,628.90 0.81%
99roland.sun2,923,130-0.00%
100yl1144114192,881,485203,810.00 7.61%

Thanks for viewing :)

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I want to see more coin exchange on Bitshear. Great work

Follow @zulkarnaini58
Upvote my post and resteem

Thank you for updating me on the state of the bitshares network.

If somebody interested in longer term forecast of BTS, here's my view:

·

Hi I am interested in bitshares, but last year I could not see in it a profit. Can you tell what is his success nowadays and how much he is really capable of taking off

·
·

I do think Bitshares will go up together with all market and historic top would be my first target!

At this rate of growing bitshares could very well be in the top 10 cryptos.