Liquidity mining: July recap
2020-07-31 · 2 min read
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
For exchanges and projects who would like to learn more about liquidity mining, please contact us at partnerships@hummingbot.io.
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