July 2026 State of the Network Report
This report provides an overview of the Swarm network’s key metrics for July 2026, including rewards, participation levels, and node distribution, and places them in context with recent monthly trends.
Network Total Monthly Rewards
This metric shows the total storage incentive rewards paid out across the network each month.
| Month | Total Rewards (xBZZ) |
|---|---|
| February | 20,967 |
| March | 16,450 |
| April | 12,265 |
| May | 14,384 |
| June | 16,040 |
| July | 18,359 |
Total network rewards in July were 18,359 xBZZ, up from 16,040 xBZZ in June, marking a third consecutive monthly increase since the April low.
Monthly Median Win Values
| Month | Median Win (xBZZ) |
|---|---|
| February | 6.72 |
| March | 4.76 |
| April | 3.72 |
| May | 4.15 |
| June | 4.86 |
| July | 5.41 |
The median win value rose to 5.41 xBZZ in July from 4.86 xBZZ in June.
Monthly Average Win Values
| Month | Average Win (xBZZ) |
|---|---|
| February | 6.78 |
| March | 4.81 |
| April | 3.74 |
| May | 4.26 |
| June | 4.87 |
| July | 5.44 |
The average win value rose to 5.44 xBZZ in July from 4.87 xBZZ in June, remaining close to the median.
Active Staking Node Monthly Average Earnings
| Month | Avg Earnings per Node (xBZZ) |
|---|---|
| February | 11.62 |
| March | 9.08 |
| April | 6.78 |
| May | 8.64 |
| June | 9.73 |
| July | 11.14 |
Average earnings per active staking node were 11.14 xBZZ in July, up from 9.73 xBZZ in June and the highest since February.
Total Active Staking Nodes by Month
| Month | Active Staking Nodes |
|---|---|
| February | 1,804 |
| March | 1,812 |
| April | 1,808 |
| May | 1,665 |
| June | 1,649 |
| July | 1,648 |
The number of active staking nodes was 1,648 in July, effectively unchanged from 1,649 in June.
Total Reachable Full Nodes Regardless of Active Status
| Month | Reachable Full Nodes |
|---|---|
| February | 4,086 |
| March | 4,089 |
| April | 4,098 |
| May | 3,851 |
| June | 3,693 |
| July | 3,739 |
Total reachable full nodes were 3,739 in July, up from 3,693 in June, the first increase since April.
Total Winning Nodes by Month
| Month | Winning Nodes |
|---|---|
| February | 1,427 |
| March | 1,471 |
| April | 1,434 |
| May | 1,367 |
| June | 1,388 |
| July | 1,351 |
The number of nodes winning at least once fell to 1,351 in July from 1,388 in June.
Total Active Staking Nodes by Country
| Country | Active Staking Nodes |
|---|---|
| Finland | 1,301 |
| Germany | 260 |
| Canada | 60 |
| Hungary | 7 |
| United States | 6 |
| Estonia | 3 |
| South Korea | 3 |
| Unknown | 3 |
| Cyprus | 1 |
| Italy | 1 |
| Norway | 1 |
| Portugal | 1 |
| Singapore | 1 |
Active staking remained heavily concentrated in Finland, which hosted 1,301 of the active nodes, followed by Germany (260) and Canada (60); every other country contributed fewer than ten nodes each, and three nodes could not be attributed to a country.
Total Nodes By Country Regardless of Staking Status
| Country | Reachable Full Nodes |
|---|---|
| Germany | 2,330 |
| Finland | 1,303 |
| Canada | 61 |
| France | 21 |
| Estonia | 3 |
| South Korea | 3 |
| Russia | 2 |
| United States | 2 |
| Australia | 1 |
| Austria | 1 |
| Belgium | 1 |
| Brazil | 1 |
| Cyprus | 1 |
| Czechia | 1 |
| Italy | 1 |
| Japan | 1 |
| Norway | 1 |
| Portugal | 1 |
| Singapore | 1 |
| South Africa | 1 |
| The Netherlands | 1 |
| United Kingdom | 1 |
Reachable full nodes were led by Germany with 2,330 and Finland with 1,303, which together accounted for the large majority of the 3,739 total; Canada (61) and France (21) followed, with all remaining countries hosting three or fewer nodes each.
Conclusion
In July, reward-related metrics continued to rise: total network rewards, median and average win values, and average earnings per active staking node all increased relative to June, with average earnings per node reaching their highest level since February. Participation was mixed — active staking nodes were effectively unchanged at 1,648 and total reachable full nodes rose for the first time since April, while the number of nodes winning at least once declined. Geographically, active staking remained concentrated in Finland and the broader population of reachable full nodes continued to be led by Germany, consistent with recent months.
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