Bitshares - State of the Network - 2nd October 2016

Welcome to the 4th Bitshares State of the Network (BSotN) report.

I will be releasing 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 - 2nd October 2016

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.

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	2,574,303,429	265,485.00	0.0103149%
BTS Stealth	258,934	-	0.00%
BTS in Open Orders (DEX)	36,409,314	-3,086,915.68	-8.27%
Reserve Pool	1,026,289,757	-244,601.00	-0.0238225%
RP Accumulated fees	17,699	1,107.00	6.83%
Collateral (top 250) backing Smartcoins	259,015,475	-133,441.00	-0.05%
Top 100 Total	1,311,382,137	536,106.22	0.04%
Top 100 - minus Exchanges	528,380,868	-4,826,222.16	-0.90%
Exchanges	783,001,269	5,362,328.38	0.73%
Non Exchanges	1,791,302,160	-5,096,843.38	-0.28%
Exchanges	783,001,269	5,362,328.38	0.73%

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	0.00	0.00	9,791,423.54	48,250.94	77.54%	376.90%
CNY	0.03	0.00	2,836,532.60	13,727.23	22.46%	69.94%
EUR	0.00	0.00	0.00	0.00	0.00
NXT	0.30	0.00	0.00	0.00	0.00
USD	0.00	0.00	0.00	0.00	0.00

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Refund worker - returns unspent budget to the reserve pool

Proposed Worker

• Chronos Crypto - for the creation of educational youtube videos
• Ripple Gateway
• Fund to pay dividend

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 OBITS, Open.BTC and Peerplays

Smartcoins

This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins. We also look at the most active trading pairs of each asset and provide a 1yr view of the price and market cap of each Smart coin.

Asset	Supply	Price	Market Cap BTS	Market Cap USD	Supply Change W/W
BTS	2,574,303,429	0.00490801	2,574,303,429	$12,634,706.97	0.010313951%
BTS Stealth	258,934	0.00490801	258,934	$1,270.85	0.00%
Reserve Pool	1,026,289,757	0.00490801	1,026,289,757	$5,037,040.39	-0.02313256%
RP Accumulated fees	17,699	0.00490801	17,699	$86.87	4.65%
BitUSD	136,615	207	28,279,305	$140,335.77	-5.92%
BitCNY	2,049,829	31	63,544,699	$315,339.93	1.18%
BitEUR	6,037	233	1,403,603	$6,965.36	-15.81%
BitBTC	55.6	127,607	7,094,949	$35,208.61	-0.36%
BitGold	10.75	272,690	2,931,418	$14,547.13	0.00%
BitSilver	826	3,833	3,166,058	$15,711.53	1.72%

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	1630	42
compumatrix1	1612	4
openledger	513	0
btsabc	346	0
fav	311	0
cryptofresh	262	0
ccm2015	218	0
gn1	212	0
cryptocurrency3	152	0
by24seven	130	0
cat-ch	119	0
ebit	92	0
sdr	74	2
kc007	74	0

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	40	129	171.6	0.4
bitcrab	36	24	86.6	-1.1
baozi	30	49	83	-0.4
laomao	42	4	42.6	-1.4
yao	33	33	19.4	-1.9
harvey	59	4	16	0
angel	53	6	13.7	0
bytemaster	38	33	11.8	0
baicai	33	4	10.6	0.7
fav	23	32	10.5	0.3

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	562.6	-10.3
clayop	516	-10.6
bhuz	487.9	-16.8
bitcube	459.2	-16.1
abit	451	-6.2
xeroc	434.8	-6.7
dele-puppy	406	-12.1
ebit	328.7	-10.9
chris4210	322.6	-12.7
bunkerchainlabs-com	310.3	-9.3
harvey-xts	197.3	-1.9

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

Account	Balance(include orders)	Orders	Change W/W	Change W/W %
poloniexcoldstorage	290001202.9	0	-	0.00%
btc38-public-for-bts-cold	267419115	0	-	0.00%
poloniexwallet	69442672.34	0	6,380,169.68	10.12%
btc38-btsx-octo-72722	41631649.6	0	12,868,381.42	44.74%
yunbi-cold-wallet	35003434.68	0	-	0.00%
pr1modiaprile	24999291.42	0	-	0.00%
btercom	22049119.99	0	-16,011,018.80	-42.07%
bittrex-deposit	21302170.25	0	-428,626.69	-1.97%
cass	19058354.36	0	1.00	0.00%
blocktrades	18779657.56	6722.16862	-8,466,201.08	-31.07%
alohacs	16855553.92	0	-	0.00%
duecastori2014	16505477.57	0	-	0.00%
tsuratsura-3557	16362973.51	905	1,633,742.45	11.09%
bitshares-munich-wallet	12649045.41	0	236,302.61	1.90%
evan	12118147.13	0	-	0.00%
maemon-personal	11090238.19	0	-	0.00%
bterdeposit	10916702.26	0	New to Top1000	New to Top1000
mcxcwbts	10818456.61	0	-	0.00%
crypto-maniac	10597469.97	0	-	0.00%
funnycat-air	9993207.339	9992999	-0.18	0.00%
jiny2	9826741.689	0	1.00	0.00%
angel	8665536.435	0	-	0.00%
ccedk.escrow2	8620314.83	0	1.00	0.00%
suyuekuangcheng666	8584390.925	0	-	0.00%
roje	8573322.113	0	-	0.00%
hnnr8	8126260.236	0	-	0.00%
cievia-waugaman	7990212.567	0	-	0.00%
bc-godpay	7563433.058	0	-	0.00%
pay.xeroc	7390384.244	0	-	0.00%
virtual-ventures	7274636.037	0	-	0.00%
yun-bts	6997207.421	0	-67,677.93	-0.96%
btc38btsxwithdrawal	6455544.339	0	102,921.60	1.62%
abinia-rivard	6348090.413	0	-	0.00%
transres	6147301.771	263123.2731	-	0.00%
goldsix	6050400.848	0	-	0.00%
ubris	5999999.845	0	-	0.00%
btszhqxf	5734710.5	0	-	0.00%
graphene2015	5627787.697	0	0.13	0.00%
linhan	5425093.721	0	-	0.00%
dev.bitsharesblocks	5415910.293	450522.0174	-	0.00%
bristolbay	5325002.672	0	-	0.00%
miso69	5324070.577	0	-	0.00%
lzr1900	5292615.908	0	0.13	0.00%
jonnybitcoin	5265008.18	0	-377,000.99	-6.68%
cadord-ozois	5254556.413	0	-	0.00%
xhunter	5233237.27	0	-	0.00%
cnfund	5162202.382	161220.0761	-0.15	0.00%
laow	5057707.821	0	-	0.00%
coldstorage1	5050000	0	560,516.57	12.49%
bitcrab	5039274.596	0	-	0.00%
networker2014	5035407.978	0	-	0.00%
roland.sun	5022491.809	0	-	0.00%
spring	4735971.116	10000	-1.84	0.00%
mybak	4709246.334	0	-	0.00%
aboy	4656238.005	643000	-3,640,105.94	-43.88%
onceuponatime	4635083.314	54128.174	-15,663.44	-0.34%
bts88	4527532	0	-	0.00%
impseu1	4432045.44	0	-	0.00%
btsxzzh2	4348431.46	0	-	0.00%
stan	4195777.817	0	-	0.00%
harvey	4164755.711	41214.25001	-	0.00%
slim	4100811.632	0	-	0.00%
lambda1	4047823.059	0	-	0.00%
seusnow2020	4037226.752	0	-	0.00%
freedom35	3962201.789	0	-	0.00%
btsxking	3932162.596	320813.8024	-63,411.48	-1.59%
hermes3	3832194.901	0	-	0.00%
freehawk	3811631.287	0	-	0.00%
elendasa-benjamin	3785674.178	0	-	0.00%
bunkerchainlabs-com	3776678.693	0	-	0.00%
riverhead	3759139.028	0	1.00	0.00%
wys	3706185.413	0	-	0.00%
ironbank	3646387.404	8000	-	0.00%
jaehyuk	3627054.384	0	-	0.00%
li23	3505036	0	-	0.00%
mike-primorac	3479329.453	0	-	0.00%
koocaa	3453196.418	0	-	0.00%
btsxcn	3376400.917	0	-	0.00%
tomotomo1	3332277.428	0	-	0.00%
scottmclane	3251127.476	0	-	0.00%
chryspano	3200097.451	0	-	0.00%
ags	3168560.079	0	-	0.00%
sauron	3138969.866	0	14,136.00	0.45%
bafohald-degeorge	3114896.581	0	-	0.00%
cissy	3108148.483	10000	-	0.00%
teiva	3087013.859	1285400	521,546.31	20.33%
profoot	3000002.391	0	-	0.00%
tomo	3000001.8	0	-	0.00%
null-account	2978609.433	0	-	0.00%
anonym7	2972988.998	0	-	0.00%
sk	2972367.465	0	-	0.00%
ccddd	2800000	0	-	0.00%
mostar	2798992.092	0	-1,002.64	-0.04%
bang-king	2770411.692	120000	-172,493.44	-5.86%
bts-scotter	2749691.228	1104213	428,119.68	18.44%
gaba	2735637.883	0	-	0.00%
nathan	2658044.01	0	-	0.00%
operations.hyperetas	2626602.764	0	-	0.00%
thread	2614339.829	0	121,259.15	4.86%
rand1	2586346.83	0	-	0.00%

Highlights

This section will highlight any observations made while analysing the data.

Observation from this week

• Liquidity bot have arrived; this week i have noticed a large amount of activity by what i speculate is at least a few bot operators; bots are operating primary on MPA markets buts also some other UIA markets as well. Liquidity Market Maker bots observed: wildman-tradebot, bitshares-munich-mm, a-bot, x-bot, peerplays-mm, usd-mm, eur-mm, cny-mm, gold-mm, silver-mm, obtc-btc-mm, btc-mm, obtc-mm, blockpay-mm. These bot have been increasing their presence as they tweak their algorithms and at the time of writing are providing thousands of dollars of liquidity
• Bitshares-Munich has rocked their way into first place on the referrals chart with an increase of 42 new users this week pushing them to a total of 1630 users referred and edging out their closest competition Compumartix1.
• @dantheman has announced Graphene 2.0, this will upgrade the current code base that underpins Steem but may also have benefits for Bitshares, Peerplays and Muse. Features and improvements include using a memory mapped file, changes to current single threaded architecture and separation of the P2P code. See full details HERE
• Blockpay have attended Bits and Pretzels; sporting a display stand showing off their Blockpay Point of Sales system. Armed with a pile of gummy bears on the BlockPay POS systems, attendees where given first hand experience in using the systems and seeing the lighting speed of transacting on the Bitshares network. See more HERE
• Bitshares-Munich and the BlockPay team also held and blockchain after party with 25-30 attendees gathering for drinks (Paid for in Bitshares smartcoins, Bitcoin and Dash using a BlockPay terminal) and a social chat with special guests Erik Voorhees, @xeroc and @onceuponatime see more HERE
• OpenLedger has listed Open.Game (Game Credits) as a UIA on the Bitshares network with Blocktrades.us facilitating the gateway between Gamecredits blockchain and the Bitshares DEX.
• OpenLedger has also announced that it is operating Pre-trading of the Incents crowdsale; Tokens are currently available and trade-able withing the Bitshares network as Open.INCNT
• btsabc.org has lauched IOU.ABC which is a UIA which pays dividends from the BTSABC Exchange (Chinese version of Openledger Bitshares Exchange) find out more HERE
• Fun Casino weekly income stood at 0.6 BTC meaning dividends of 0.3 BTC were paid to FUNC holders
• Beyond Bitcoin's Weekly hangout hosted by @officialfuzzy broke a record running for 5 hours on the official show before moving into the after party. This weeks records had to be broken into 2 parts but you can find part 1 HERE
• A lot of buy support has been spotted on Chinese exchange BTC38 with bids for many millions of Bitshares between 0.0318 - 0.0323 CNY. This buy support could give rise to the increase in ownership of BTC38 as arbitrage bots are moving the supply of BTS to where the buyers are paying higher prices.
• Compuceeds / Compumartix buy support is slowly rising with volume and price increasing over the last week and a lot of activity from our 'cni-' friends.
• @peerplays have launched their testnet which included the base features such as creating a tournament and configuring parameters; no game play is available yet but the team have committed to providing new features to the testnet each week; i will be following their progress and looking forward to playing some games on the platform.
• EstefanTT and the Bittwenty project have got 3 witness online and feeds for the top 20 cryptocurrencies are being published to the Bitshare blockchain to support Bittwenty and MPA that will track the value of a bundle of cryptocurrencies, this project hopes to provide a investment methods for passive investors who are bullish on crypto-currencies as a whole but do not want to worry about the volatility of hold a single asset or having a un-diversified portfolio.
• BTER has commenced trading and withdrawals and deposits are being processed on the Bitshares 2.0 network. 6 Million + BTS have since moved from their exchange and found higher liquidity else where.
• Shapeshift.io is now using Cryptofresh as their block explorer for their instant exchange platform
• Week on Week we have seen a 4.65% increase in the fees collected by the reserve pool; this comes as a combination of asset issuance as well as market fees from higher activity within the Bitshares DEX.

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! :)