In the past month, we have continued to see strong participation from miners across all campaigns. We launched two new campaigns, for NULS and for COTI.
For a discussion and explanation of some of the metrics we are tracking, please see our blog post — Liquidity mining: April recap.
5-month Summary Statistics
Through July 31, 2020
- Total distinct miners surpassed 600! Currently, we have had 2,294 total sign-ups, with 604 distinct miners having participated and earning rewards
- Filled order volume surpassed $80mm in July, bringing the total overall miner traded volume to $81.7 million
- USDC 64,875 cumulative rewards paid out
- The top ranked miner has earned USDC 9,747 rewards in total and #2 miner has earned USDC 5,657
Number of Distinct Miners
We saw 21% growth in the number of distinct miners in July. New campaigns for NULS and COTI attracted a lot of new users.
Total Number of Bots
Open Order Volume
Total Value Locked
Average Amount of Liquidity (Open Order Volume) per Bot
Currently approx. $892 of open order volume/liquidity has been created per bot, representing a 10% increase from last month.
Filled Order Volume
Filled Volume as % of Binance Totals
Currently, miner filled order volume as percentage of Binance filled order volume is at 5%, reflecting a large increase in overall market volume in the month.
We are now in talks with a few new token projects for future liquidity mining campaigns. Additionally, a few exchanges have reached out to us for collaboration in the past month. We plan to start working on onboarding liquidity mining campaigns to KuCoin a couple of sprints later. Stay tuned!
For exchanges and projects who would like to learn more about liquidity mining, please contact us at firstname.lastname@example.org.