Bitshares - State of the Network - 22nd May 2018

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 :)

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I hope you enjoyed this report! :)

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