Bitshares - State of the Network - 24th July 2018

Welcome to the 93rd 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 - 24th July 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. * Liquidity on the Bitshares DEX has seen a good increase in the last three weeks with a 5.41% this week and 7.6% and 30% in the weeks prior

• @Xeroc has released a PSA regrading the recent successful upgrade to the Bitshares Blockchain core software with a shout out to the developers and witnesses for such a major milestone. You can find the announcement HERE or the release notes HERE

• @Stan Larimer and @Michaelx Taggart are speaking at Blockcrypto Conference in Brazil September 25 and 26; giving keynote speeches as well as panels for the two days. You can find more info out here

• George Harrap (@bitspark) will be speaking at the Blockchain Summit Conference in Hong Kong on the 26th of July. Learn more HERE

• @Stan Larimer has released an appeal to the Bitshares committee members in regards to the management of the HERO smartcoin. You can find more information HERE

• @blocktivity has released the latest composition of the Bit20 and Twentix cryptocurrency index fund. On the 21st day of every month, an algorithm runs that creates the new composition. You can find more details about the Bit20 composition HERE or the Twentix 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 1041657; an increase of 6119 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

Spark's built a network of inclusion points defined as a human or physical location(s) where the trade, transfer and exchange of value - source

More speakers announced - Youssef el Harchioui, founder of Socialyte Network - source

More speakers announced - Yury Parsamaov (CEO) and Petr Asalkhanov (Research Coordinator) at http://Gravity.io - source

Beyond Bitcoin - Bitshares Talk - 21st July 2018 - source

https://youtu.be/N4xXTtNpJSg

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	2,644,506,570	2,402,376.00	0.09%
BTS Stealth	285,014	5.00	0.00%
BTS in Open Orders (DEX - T250)	12,449,485	638,439.00	5.41%
Reserve Pool	956,066,584	-2,402,376.00	-0.25%
Collateral (top 250) backing Smartcoins	446,837,175	54,963,563.00	14.03%
Top 100 Total	1,446,077,934	547,675.47	0.04%
Top 100 - minus Exchanges	696,609,680	19,133,280.47	2.82%
Exchanges	749,468,254	-18,585,605.00	-2.42%
Non Exchanges	1,895,038,316	20,987,981.00	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.

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	2,644,506,570	0.211	557,632,291	$557,632,291.18	0.091%
BTS Stealth	285,014	0.211	60,099	$60,099.31	0.002%
Reserve Pool	956,066,584	0.211	201,600,407	$201,600,406.60	-0.251%
BitUSD	11,866,553	4.76	56,484,792	$11,910,631.83	3.332%
BitCNY	244,094,393	0.7	170,866,075	$36,029,572.41	16.561%
BitEUR	83,748	5.56	465,639	$98,186.66	-1.838%
BitBTC	51.1	39,510	2,018,961	$425,727.00	-0.777%
BitGold	189.5	5,835	1,105,733	$233,159.62	0.000%
BitSilver	21,761	73.7	1,603,786	$338,181.31	0.000%
Ruble	7,554,229	0.0751	567,323	$119,628.14	0.438%
HERO	792	783	620,136	$130,764.61	-1.615%

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.

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	67	213	136.2	-0.4
bitcrab	105	113	108.9	-3.2
openledger	56	10828	99.4	-20
michaelx	58	141	78.9	3.2
still	127	325	48.8	-0.9
baozi	27	57	40	0
bitshareseurope	0	456	35.2	8.5
abit	71	719	26.4	-0.1
blckchnd	55	1564	22.2	-0.4
fav	41	166	21.5	0

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	687.8	-16.7
abit	577	-17.1
jademont	559	-12.3
bhuz	558.8	-20.3
clockwork	478	-94.4
xeroc	439.8	-3.2
witness.still	434.3	-15
openledgerdc	431.8	-16
bunkerchainlabs-com	428.3	(https://cdn-payscale.com/images/researchcenter/delta-red.png) -2.6
ebit	414.9	(https://cdn-payscale.com/images/researchcenter/delta-red.png) -16.5
fav	370.9	(https://cdn-payscale.com/images/researchcenter/delta-red.png) -18.3

Active Witnesses

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

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