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.

What's Next

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!

Learn More

• Hummingbot Miner app
• Liquidity mining basic training replay
• Liquidity mining advanced training replay
• Active campaigns
• Liquidity mining FAQs

For exchanges and projects who would like to learn more about liquidity mining, please contact us at partnerships@hummingbot.io.