Liquidity Mining: 2022 April recap

博客 » Liquidity Mining: 2022 April recap
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Dennis Buyco

2022-05-13 · 5 min read

The Hummingbot Miner platform remained robust in April, with over 1,500 bots operating daily, over $500k in daily open order volume, and $90 million in traded volume. This simply goes to illustrate how many traders believe in the Hummingbot Miner platform.

 

Monthly stats highlights

Total filled order volume on Hummingbot Miner increased by almost 3.1% in April, reaching a total cumulative value of almost $3.3bn!

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  • Order volume has reached $3.3bn, a 3.1% increase month over month.

  • The total number of unique miners hit 4,340! Another 173 new miners joined and earned rewards in April.

  • The total rewards from all exchanges reach almost $3.3m!

New campaigns and extensions

  • Announcing a new 4-week AscendEX campaign for e-Money with a US$5,000 total reward pool.

  • The Hummingbot Foundation is governed by the HBOT token and the Foundation has voted to allocate 5,000,000 HBOT tokens for distribution by CoinAlpha by the end of June 2022.n addition to the existing rewards offered by our token issuer partners under the existing Hummingbot Miner framework. The amount of rewards, HBOT bonus tokens, and parameters vary by campaign; but generally speaking each token project has committed to at least $1,000 USD equivalent rewards for the 12-week period.The markets included are AVAX, ALGO, ONE, FIRO, FRONT, SHR, DAO, FEAR and HAI.

  • We’re excited to announce a new 10-week liquidity mining campaign for Pollen DeFi on AscendEX. Join now for your share of a US$12,500 total reward pool!

New features and enhancements

We are currently working on a new Order Tracking tab, which will include a redesign of the chart plus an additional one, showing the user’s historic OOV. This will be released in the next couple of weeks.

In addition to this enhancement, we are also working on fixing the Performance tab.

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 April 2022.

Rewards

Taking into account the AscendEX, Binance, Gateio, and KuCoin campaigns, the total rewards across all exchanges is presently almost $3.6m.

Since launch, we have paid out almost $1.2m in rewards on Binance.

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We launched KuCoin campaigns in February 2021 and have now given out over $1m in rewards to KuCoin miners.

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We began campaigns on AscendEX in June 2021 and have now given out over $1.2m in prizes to AscendEX miners.

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We started Gateio campaigns in October 2021 and have since paid out over $243.6k in rewards to Gateio miners.

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Number of distinct miners and bots

As of the endof April, in total 4,340 distinct miners have participated in Hummingbot liquidity mining. There have been 3,265 unique miners on Binance, 1,357 distinct miners on KuCoin, 876 distinct miners on AscendEX, and 251 distinct miners on Gateio.

Overall distinct miners for all exchanges

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Distinct miners for Binance

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Distinct miners for KuCoin

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Distinct miners for AscendEX

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Distinct miners for Gateio

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The overall number of bots was at 1,477 bots.

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Liquidity (open order volume)

In the month of April, open order volumes recovered and stood above $500k throughout the month.

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The average outstanding open order volume per campaign is around $12.5k at the end of this month.

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Filled order volumes on Binance

Miner volume on Binance continued to surge, reaching almost $2.3 billion, an increase of almost 2% month over month.

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AVAX, RLC, and FRONT still continue to lead the board, with cumulative miner-traded volumes of $401.5m, $342.5m, and $137.6m respectively.

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Filled order volumes on KuCoin

The Humminbot miner's community's contribution to KuCoin's liquidity continues to grow, with cumulative FOV hitting $502.3m, a monthly growth of almost 8%.

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EXRD, FEAR, and XCAD are leading the board, with cumulative miner-traded volumes of $45.5m, $42.9m, and $55.4m respectively.

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Filled order volumes on AscendEX

The contribution of Humminbot miner's community to AscendEX's liquidity continues to grow, with cumulative FOV reaching $379.8m, a monthly increase of almost 3%

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XCAD and DAFI are leading the board, with cumulative miner-traded volumes of $13.5m and $9m respectively.

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Filled order volumes on Gateio

The Humminbot miner community's contribution to Gateio liquidity continues to grow, with cumulative FOV hitting $48.9m, a monthly gain of 14% over the previous month.

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XCAD and EXRD are leading the board, with cumulative miner-traded volumes near $13.6m and $9.8m respectively.

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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

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KuCoin Rewards vs. Filled Order Volumes

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AscendEX Rewards vs. Filled Order Volumes

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Gateio Rewards vs. Filled Order Volumes

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Note: Liquidity mining does not reward for filled order volume nor does it guarantee a certain amount of filled order volume. The above figures are based on historical data from currently running and historical liquidity mining campaigns.

Top ten miners

The top ten miners, as of the end April, have been awarded a total of $1.3m equivalent in payouts.

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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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