March 7, 2024

State of the Network: February

In the latest instalment of our ongoing series detailing the metrics of the Swarm network, we delve into data from February. This comprehensive overview provides the Swarm community with a clear picture of the network’s performance, including key statistics such as total monthly rewards, median and average win values, monthly earnings for active staking nodes, and the geographical distribution of these nodes. February’s data reveals the continuation of existing trends and subtle shifts in network activity, rewards distribution, and global participation. By examining these metrics, we aim to offer a thorough understanding of the Swarm network’s current state and continuing evolution.

Network Total Monthly Rewards

This metric shows the total rewards paid out across the entire network for each month.

Month Total Network Rewards (xBZZ)
September 147,825
October 152,868
November 148,617
December 159,865
January 157,596
February 152,974


In February, a total of 152,974 xBZZ were issued in rewards to node operators. This represents a slight decrease from January’s figure of 157,596 xBZZ, suggesting a minor adjustment in network activity.

Monthly Median Win Values

This metric is the median win amount for each win event.

Month Median Win Values (xBZZ)
September 44.62
October 46.84
November 46.83
December 48.06
January 47.43
February 49.15


February saw the median win value increase to 49.15 xBZZ, up from January’s 47.43 xBZZ, indicating slightly higher reward values for winning nodes.

Monthly Average Win Values

This metric is the average win amount for each win event.

Month Average Win Values (xBZZ)
September 46.52
October 62.09
November 47.41
December 57.75
January 51.20
February 54.42


The average win value in February adjusted to 54.42 xBZZ, demonstrating an increase from January’s 51.20 xBZZ.

Active Staking Node Monthly Average Earnings

This metric shows the average monthly earnings for an active staking node.

Month Avg Total Earnings per Node (xBZZ)
September 32.31
October 14.73
November 8.12
December 12.40
January 13.89
February 13.21


The average earnings per active staking node saw a slight decrease to 13.21 xBZZ in February from January’s 13.89 xBZZ.

Total Active Staking Nodes by Month

This metric shows the total active staking nodes by month.

Month Total Active Staking Nodes
September 4,574
October 10,367
November 20,868
December 12,891
January 11,350
February 11,576


The total number of active staking nodes slightly increased to 11,576 in February from January’s 11,350.

Total Winning Nodes by Month

This metric shows the total number of unique active staking nodes which have won at least once within the month.

Month Total Winning Nodes
September 2,125
October 2,462
November 2,787
December 2,308
January 2,474
February 2,814

February observed an increase in the total number of winning nodes to 2,814 from January’s 2,474.


Total Active Staking Nodes by Country

This metric shows the total number of active staking nodes across the top four countries and all other countries aggregated into the “Other” category, as well as the remaining nodes in the “Unknown” category.

China Germany Finland Unknown United States Other
September 574 2,046 1,607 217 8 123
October 6,242 2,042 1,543 175 282 91
November 16,145 2,225 1,961 37 363 137
December 8,333 2,001 1,919 265 312 61
January 6,696 1,937 1,769 701 181 66
February 6,787 1,958 1,952 688 116 75

Total Staking Nodes by Country.png

The geographic distribution of active staking nodes in February showed subtle shifts, with slight increases in nodes from China and Germany and a notable increase in nodes from Finland.


February’s metrics underscore a period of continued maturation and adjustment for the Swarm network. While there was a very slight decrease in total monthly rewards, there were increases in median and average win values, along with a rise in the number of winning and active staking nodes. The geographical distribution of nodes continues to highlight the global nature of the Swarm network, emphasizing its appeal across different regions.

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