On the Hummingbot Miner platform, we achieved a number of milestones in November. At the start of the month, the number of active bots reached a new all-time high of 1,506, KuCoin had its biggest daily filled order volume yet of $3.7 million, and total rewards across all exchanges surpassed $2 million.
Monthly stats highlights
Total filled order volume on Hummingbot Miner increased by more than 6% in November, reaching a total cumulative value of about $2.8 billion!
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Order volume has nearly reached $2.8bn, a 6% increase month over month.
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The total number of unique miners hit 3,646! Another 171 new miners joined and earned rewards in November.
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The total rewards from all exchanges reach almost $2.2m!
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The total active bots set a new all-time high of 1,506 bots at the start of the month!
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KuCoin reached its highest daily FOV of $3.7m!
New campaigns and extensions
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We’re thrilled to announce a new 12-week liquidity mining campaign for Stratis Platform with a US$15,000 reward pool payable in STRAX tokens!
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Hifi extends the MFT liquidity mining campaign on Binance another 12 weeks! Due to overwhelming demand for the MFT token, Hifi Finance extends the MFT/ETH and MFT/BNB pairs with another US$15,000 to the reward pool (625 USDT per week, per pair) and a new maximum spread of 1.5%.
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XCAD campaign will be extended with an updated reward pool of 418.75 XCAD per week for the XCAD/USDT pair.
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We’re excited to announce a new 12-week liquidity mining campaign for Beefy Finance with a US$15,000 reward pool!
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Avalanche is extending the liquidity mining campaign for another 12 weeks on Binance with a US$27,000 total reward pool!
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Due to great feedback and issuer interest, we have partnered with several projects to bring their campaigns to the Gate.io platform. These projects include XCAD, Akash, Brokoli.
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We’re excited to announce a new 8-week liquidity mining campaign for Qredo with a US$10,000 reward pool!
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We’re thrilled to announce a new 4-week liquidity mining campaign for Frax Share with a US$2,500 reward pool!
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We’re excited to announce a new 4-week liquidity mining campaign for Bemil with a US$5,000 reward pool!
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We’re thrilled to announce a new 4-week liquidity mining campaign for Stratos with a US$5,000 reward pool!
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iMe doubles down with a massive $90K USD reward pool commitment to Hummingbot Miner! The campaigns will have a 24-week duration on Gate.io and AscendEX!
New features and enhancements
Analytics software
We have integrated the Miner App with analytics software that will allow us to better customize the user experience of our miners. Participation is of course optional, users can opt-out if desired when prompted:
Markets Watchlist
As offered by most exchanges and trading platforms, it will now be possible to create a Watchlist of markets you want to follow more closely.
Market Detail page navigation
We keep working on improving the user experience for the Market Detail page. Besides some aesthetic improvements on the upper information panel, we have added a dropdown menu that allows quick navigation between markets. The user will be able to filter by name, exchange, or watchlist:
Upcoming new features
During the next two weeks we will release several exciting features: the long-awaited wallet redesign, a new categorization system for markets and a new user experience for the Eagle Club.
We welcome any feedback and suggestions at miner@hummingbot.io or you can join the team in lively discussions on our discord server.
Platform statistics
Through November 30, 2021.
Rewards
Taking into account the AscendEX, Binance, and KuCoin campaigns, the total rewards across all exchanges presently exceed $2.2m.
Since launch, we have paid out approximately $953.5k in rewards on Binance.
We launched KuCoin campaigns in February and have now given out over $571.1k in rewards to KuCoin miners.
We began campaigns on AscendEX in June and have now given out over $660.9k in prizes to AscendEX miners.
Number of distinct miners and bots
As of November 30, in total 3,646 distinct miners have participated in Hummingbot liquidity mining. There have been 2,900 unique miners on Binance, 1018 distinct miners on KuCoin, and 610 distinct miners on AscendEX.
Overall distinct miners for all exchanges
Distinct miners for Binance
Distinct miners for KuCoin
Distinct miners for AscendEX
Due to multiple campaigns being deployed to the Hummingbot Miner platform across different exchanges this month, we observed a significant increase in the number of active bots, reaching a new all-time high of 1,506 active bots at the start of the month:
Liquidity (open order volume)
The open order volumes still declined despite multiple market pairs available on AscendEX.
The average outstanding open order volume per campaign is around $15.7k at the end of this month.
Filled order volumes on Binance
Miner volume on Binance continued to surge, reaching more than $2.1 billion, an increase of nearly 3% month over month.
XEM and MFT still continue to lead the board, with cumulative miner-traded volumes of $409.3m and $402.5m respectively.
Filled order volumes on KuCoin
The Humminbot miner's community's contribution to KuCoin's liquidity continues to grow, with cumulative FOV hitting $324.6m, a monthly growth of over 26%.
Filled order volumes on AscendEX
The contribution of Humminbot miner's community to AscendEX's liquidity continues to grow, with cumulative FOV reaching $290.3m, a monthly increase of almost 16%
Filled order volume vs. reward pool
While liquidity mining does not compensate miners for filled order volume, the increased liquidity and order book depth created by miners does translate into increased trading efficiency and, consequently, additional trading volume. Trading volume is important for issuers since exchanges typically use traded volume as a benchmark to decide whether or not to maintain or remove token listings.
Binance Rewards vs. Filled Order Volumes
Binance - Filled order volume per USD 1,250 weekly reward
KuCoin Rewards vs. Filled Order Volumes
KuCoin - Filled order volume per USD 1,250 weekly reward
AscendEX Rewards vs. Filled Order Volumes
AscendEX - Filled order volume per USD 1,250 weekly reward
Top ten miners
The top ten miners, as of November 30, have been awarded a total of $925.5k equivalent in payouts.
Thank you!
The growth of the total number of bots across a diverse spectrum of base assets shows the health of the Hummingbot ecosystem, thanks to its increasing and energetic base of dedicated users and developers.
🏛 Token issuers: contact the team at partnerships@hummingbot.io to learn more about running liquidity mining campaigns on AscendEX, Binance.com, KuCoin, Gate.io, or to suggest the next exchange for us to integrate with!
🏦 Exchanges: contact partnerships@hummingbot.io if you’d like to bring Hummingbot and liquidity mining to your exchange!
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