Bitshares - State of the Network - 18th April 2017

Welcome to the 31st Bitshares State of the Network (BSotN) report. I release this report weekly to look at 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 - 18th April 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.

• BitUSD is still worth $1 USD!

• Bitshares smartcoins (Assets that represent a pegged stable value in popular fiat and commodities such as BitUSD,BitCNY, BitEUR, BitBTC, BitGold and BitSilver) have shown huge growth in value in the last few weeks. This increase in value is due to increased issuance of smartcoins (smartcoin issuance requires BTS to be locked to a protocol level smart contract and are used as collateral for these pegged assets). As a special treat i have plotted the data for these assets in USD terms which you can see at the bottom of this section; the chart's clearly shows a 3x increase in value of these assets in the last 2 months with a total value of 1.2 Million USD this week.

• @svk has released a new version of the Bitshares Light wallet (v v2.0.170418) this release addresses some bug fixes. Find the change log and download the newest client HERE

• @blockchained (blckchnd) created a Ruble MPA in preparation to the official launch of RuDEX Open Beta on 18th of April, which will include an automated fiat gateway that will be announced when it is ready, and is now looking for witnesses/committee members to provide price feeds to make the asset more robust. If you are interested please contact us in our bitshares talk thread, or in Telegram we in turn can offer our proxy votes for your witness/committee member. It is possible to manually onramp/offramp funds via RuDEX gateway. Changebot escrow is used, which is probably familiar to any Russian users who exchanged their Steem/Golos/SBD/GBG via @on0tole

• Ronny Boesing (CEO of OpenLedger) has leaked the first photos of Bitshares, OBITS and ICOO integrated into a Russian BTM (Bitcoin ATM); no official announcement has been made yet but i have included some photos below

• Peerplays have announced a new ICO model that will help investors by not requiring the use of private keys to redeem their tokens for anyone investing after the change has launched. This will greatly simplify the process of being a part of the future of gambling on the blockchain. Details have not been officially announced yet but they will be updating the ico model and providing guidance in the coming weeks. Also this week has seen an article from Bitcoin Magazine titled "Peerplays Kills the House: How Blockchain Gambling Just Got Real" which you can read about HERE

• @bitshares-munich mobile apps Blockpay "S" and the Smartcoin wallet have had an updated release on the google play store; download the latest versions HERE

• @btswolf @fav and @suika have created a short video on short selling Smartcoins in particular BitUSD, the video covers the concepts of short selling BitUSD using BTS as collateral then covering your position in profit; for more information see the post HERE

• Embermine - "a smart contract platform designed to empower users in ALL of their projects by GUARANTEEING proper revenue and royalty share between all collaborators." proposes to use solidity smart contracts on a Graphene based DPOS blockchain. Embermine have launched there ICO. find out more details of the project HERE

• Daniel Pineda (founder of APPTRADE.IO - "The stockmarket of apps") has released updated information regarding the valuation of their ICO and core token APPX as well as a 100k investment from a strategic investor. Check out the update HERE or checkout their synopsis HERE

• Steepshot token has been registered with the description 'This token represent shares in SteepShot company'. Steepshot is a platform that rewards people for sharing their lifestyle and visual experience. The project team is @pmartynov, @vitality, @anch, @korzunav, @kirill.volkov and @nikitz. you can find more details about the project and download the alpha release HERE and keepup with the latest news @steepshot

• @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.

• 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 @virtualgrowth @cm-steem and @peerity-io you can find more details and last weeks recording HERE

• Current registered wallets/accounts within the Bitshares network is 163687; an increase of 1254 wallets/accounts since last week

• The last asset registered this week is asset #1342 and it is named 'BIXIN' registered by 'ddd888' with the description 'bixin'. ddd888 also registered another 7 assets this week which seem to represent popular exchanges and tokens such as HUOBI, POLONIEX, ANTPOOL, DOGE, GOLEM, STRATIS and BTCTRADE. ddd888 has a voting weight of 6 million BTS and is responsible for shorting 70,000 CNY with 5.1 Million BTS collateral i.e this is not a spam account

6 Month traffic stats for r/bitshares - March

Bitshares BTM - Russia

Smartcoin growth over time - YTD

Stablecoin options comparison matrix created by BTSwolf

sorry for going crazy with pictures this week ;)

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	2,595,970,474	1,223,195.00	0.05%
BTS Stealth	266,871	-	0.00%
BTS in Open Orders (DEX)	16,376,819.45	2,254,187.45	16.03%
Reserve Pool	1,004,608,168	-1,215,096.00	-0.12%
RP Accumulated fees	13,437	-1,246.00	-4.54%
Collateral (top 250) backing Smartcoins	412978194	16,159,351.00	4.32%
Top 100 Total	1,346,618,039	-18,279,344.34	-1.34%
Top 100 - minus Exchanges	515,814,461	24,167,210.31	4.72%
Exchanges	830,803,577	-42,446,554.65	-4.99%
Non Exchanges	1,765,166,897	43,669,749.65	2.51%

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	0.00000902	0.0109649	61,973,250.42	679,530.38	70.56%	220.3%
CNY	0.08	0.01	25,386,031.81	279,072.92	29.42%	411.0%
EUR	0.01	0.01065164	5,926.00	63.1216	0.01%
WAVES	0.02	0.00910599	0.00	0	0.00%
USD	0.01	0.01	0.00	0	0.00%

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Alfredo Garcia, Bitshares Core Dev
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• Xeroc - Python-steem and uptick

Proposed Worker

• Chronos Crypto - for the creation of educational youtube videos
• Fund to pay dividendp/topic,22041.new.html#new)

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 BTS, CNY 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	2,595,970,474	0.01096093	2,595,970,474	$28,454,250.65	0.0471%
BTS Stealth	266,871	0.01096093	266,871	$2,925.15	0.00%
Reserve Pool	1,004,608,168	0.01096093	1,004,608,168	$11,011,439.81	-0.1208%
Accumulated fees	13,437	0.01096093	13,437	$147.28	-8.49%
BitUSD	588,527	91.4	53,791,368	$589,603.42	6.91%
BitCNY	3,537,683	13.26	46,909,677	$514,173.68	32.25%
BitEUR	22,753	0.386	8,783	$96.27	14.18%
BitBTC	41.3	111,887	4,620,933	$50,649.72	6.72%
BitGold	11.44	116,840	1,336,650	$14,650.92	1.06%
BitSilver	2,196	1,676	3,680,496	$40,341.66	9.04%

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	2526	45
compumatrix1	2060	259
jianjolly-0	1743	0
btsabc	524	35
openledger	514	0
fav	353	0
cryptofresh	333	0
gn1	242	0
ccm2015	227	0
cryptocurrency3	187	0
by24seven	177	0
sdr	174	26
xiangxn	153	53

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	35	168	253.3	2.1
bitcrab	62	23	190.7	8.6
baozi	21	64	77.4	0.1
laomao	35	3	55.1	2.4
bitshares-munich-wallet	7	13	30.4	2.1
fav	14	41	14.6	0.3
jonnybitcoin	35	18	13.3	-0.2
abit	42	237	12	0.2
baicai	48	4	11.1	0
harvey	57	5	10.5	-1.5

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	761.2	166.9
abit	727.8	127.7
chris4210	720.8	7.9
bhuz	690.2	6.5
clayop	633.9	8.9
xeroc	626.2	6
bunkerchainlabs-com	547.8	6
ebit	428.5	7
openledgerdc	346.2	4.8
fav	323.2	2.6
harvey-xts	307.6	7

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	786.9	133
2	abc123 1.6.65	769.4	840	2
3	bhuz 1.6.17	754	1093
4	wackou 1.6.18	745.9	1271	1
5	delegate.baozi 1.6.37	742.8	1019	19
6	fox 1.6.16	736.3	2893	1
7	witness.yao 1.6.71	734.6	2136
8	verbaltech2 1.6.34	730.8	1197	1
9	rnglab 1.6.45	722.2	1275
10	xman 1.6.64	722.1	1134	8
11	jerryliu 1.6.72	713.7	2748	1
12	xn-delegate 1.6.59	690.4	2286
13	witness.still 1.6.69	656.3	8273	1
14	delegate-clayop 1.6.27	655.2	3350
15	xeldal 1.6.22	600.3	920
16	datasecuritynode 1.6.49	565.5	5546	760
17	roadscape 1.6.13	554	1374
18	sahkan-bitshares 1.6.73	475.1	152	152
19	delegate.freedom 1.6.63	450.8	3570
20	harvey-xts 1.6.23	440.5	4952	1
21	delegate.ihashfury 1.6.26	429.4	866	1
22	spartako 1.6.15	369.5	968	2
23	mr.agsexplorer 1.6.24	348.8	824
24	spectral 1.6.30	326.9	2208
25	delegate.taolje 1.6.38	315.2	883

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	236419025.9	0	-20,000,005.11	-7.80%
3	poloniexwallet	184040203.1	0	-16,960,316.91	-8.44%
4	bittrex-deposit	38360618.42	0	1,340,828.42	3.62%
5	yunbi-cold-wallet	35003434.68	0	-	0.00%
6	stan	20618873.65	0	-0.35	0.00%
7	yun-bts	20138250.06	0	2,396,289.06	13.51%
8	alohacs	16855553.92	0	-	0.00%
9	mrfrismint1983	13478731.04	0	-	0.00%
10	btercom	13049112.07	0	-	0.00%
11	evan	12118147.13	0	-	0.00%
12	cass	11440165.64	0	-	0.00%
13	mcxcwbts	10818456.84	0	-	0.00%
14	abit	10678329.77	355254.2046	199,996.77	1.91%
15	crypto-maniac	10613396.97	0	-	0.00%
16	hnnr8	10471001.86	0	-	0.00%
17	invictus	9815144.343	0	-	0.00%
18	virtual-ventures	9318078.011	0	-	0.00%
19	jiny2	9263140.165	0	0.16	0.00%
20	jonnybitcoin	8999999.853	0	-244,421.15	-2.64%
21	roje	8850429.578	0	-0.42	0.00%
22	tsuratsura-3557	8820755.57	0	-	0.00%
23	ibilitlan-scoltock	8673958.411	0	-	0.00%
24	coldstorage1	8300001	0	-	0.00%
25	comp6	8144303.712	0	-0.29	0.00%
26	cievia-waugaman	7990213.251	0	-	0.00%
27	code	7965246.638	2284103.641	-	0.00%
28	bc-godpay	7563436.058	0	0.06	0.00%
29	graphene2015	7485736.949	0	-	0.00%
30	haeassa-granovsky	7431931.353	0	0.35	0.00%
31	blocktrades	7138288.083	6677.33872	56,771.08	0.80%
32	tomotomo	7016825.01	0	-	0.00%
33	bitcc-bts-withdrawal	6653442.199	0	3,812,301.20	134.18%
34	abinia-rivard	6550562.954	0	-0.05	0.00%
35	keebler-kahn	6202386.529	0	-	0.00%
36	ironbank	6144951.645	8000	-1,000,002.36	-14.00%
37	ubris	5900000.049	0	0.05	0.00%
38	alexna64	5869988.939	0	2,413,901.94	69.84%
39	dev.bitsharesblocks	5776925.878	679522.0174	427,541.88	7.99%
40	fericia-brick	5766622.727	0	-0.27	0.00%
41	btszhqxf	5734711.5	0	-	0.00%
42	onceuponatime	5593495.609	0	-200,005.39	-3.45%
43	miso69	5478228.737	0	-0.26	0.00%
44	linhan	5425094.721	0	-0.28	0.00%
45	cadord-ozois	5423173.409	0	-	0.00%
46	pay.xeroc	5390374.142	0	-	0.00%
47	bts-morning	5372840.009	0	554,398.01	11.51%
48	bristolbay	5325003.672	0	-0.33	0.00%
49	spring	5316285.474	0	411,175.47	8.38%
50	xhunter	5233238.27	0	0.27	0.00%
51	jeraud-kanze	5172698.487	0	0.49	0.00%
52	laow	5057708.821	0	-	0.00%
53	ccedk.escrow2	5030292.76	0	-0.24	0.00%
54	geravia-mackinnon	4777690.635	0	-	0.00%
55	mybak	4709247.334	0	-	0.00%
56	goodc0re	4631838.897	0	-	0.00%
57	satoshi-pie	4622791.181	0	-	0.00%
58	bts88	4527498.864	0	-	0.00%
59	impseu1	4432046.44	0	-	0.00%
60	btsxzzh2	4348432.46	0	0.46	0.00%
61	slim	4153504.029	0	0.03	0.00%
62	quonael-lievesley	4087235.19	0	0.19	0.00%
63	tkoba99	4034045.319	1558.846	-	0.00%
64	synergy3	4017136.248	0	-	0.00%
65	lzr1900	4000083.413	0	-	0.00%
66	elendasa-benjamin	3925769.873	0	-	0.00%
67	wesley-waugaman	3921027.341	0	0.34	0.00%
68	hermes3	3832194.901	0	-	0.00%
69	jaehyuk	3627054.385	0	-	0.00%
70	smartass	3569171.707	0	3,469,171.71	3469.17%
71	bitcoinindonesia	3517400.697	0	-	0.00%
72	laplap5	3493800.179	0	-	0.00%
73	mike-primorac	3479329.453	0	0.45	0.00%
74	koocaa	3453196.418	0	-	0.00%
75	aboy	3446793.918	0	-	0.00%
76	nethyb	3442787.375	0	0.38	0.00%
77	mcxcw	3393692.846	0	-	0.00%
78	scottmclane	3251127.476	0	-	0.00%
79	tyrone-shoelaces	3233062.134	0	-	0.00%
80	bafohald-degeorge	3189865.947	0	-0.05	0.00%
81	wind-flower	3174191.323	0	-	0.00%
82	bitgate-ico1	3040926.167	0	-	0.00%
83	null-account	3011944.766	0	-0.23	0.00%
84	anonym7	2972988.998	0	-	0.00%
85	bterdeposit	2958557.46	0	-	0.00%
86	profoot	2949982.108	0	-	0.00%
87	cnfund	2944644.199	330825.8184	-	0.00%
88	ptschina	2889985.24	0	0.24	0.00%
89	chryspano	2840887.187	0	0.19	0.00%
90	ccddd	2800000	0	-	0.00%
91	goldsix	2783142.065	111820.9333	-1,246,059.93	-30.93%
92	mostar	2751784.383	0	-	0.00%
93	trans.bot	2742192.374	170967.5322	653,136.37	31.26%
94	gamma-rabbit	2720609.596	0	-	0.00%
95	root	2652843.369	0	803,913.37	43.48%
96	douglasriese1994	2642911.206	0	-	0.00%
97	enki	2616378.92	91248.3738	1,378,608.92	111.38%
98	rand1	2586346.83	0	-	0.00%
99	bang-king	2570419.715	0	-	0.00%
100	dragongroup	2549459.689	0	-	0.00%

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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