State of the Network: February

Network Total Monthly Rewards

This metric shows the total rewards paid out across the entire network for each month.

Month	Total Network Rewards (xBZZ)
September	147,825
October	152,868
November	148,617
December	159,865
January	157,596
February	152,974

In February, a total of 152,974 xBZZ were issued in rewards to node operators. This represents a slight decrease from January's figure of 157,596 xBZZ, suggesting a minor adjustment in network activity.

Monthly Median Win Values

This metric is the median win amount for each win event.

Month	Median Win Values (xBZZ)
September	44.62
October	46.84
November	46.83
December	48.06
January	47.43
February	49.15

February saw the median win value increase to 49.15 xBZZ, up from January's 47.43 xBZZ, indicating slightly higher reward values for winning nodes.

Monthly Average Win Values

This metric is the average win amount for each win event.

Month	Average Win Values (xBZZ)
September	46.52
October	62.09
November	47.41
December	57.75
January	51.20
February	54.42

The average win value in February adjusted to 54.42 xBZZ, demonstrating an increase from January's 51.20 xBZZ.

Active Staking Node Monthly Average Earnings

This metric shows the average monthly earnings for an active staking node.

Month	Avg Total Earnings per Node (xBZZ)
September	32.31
October	14.73
November	8.12
December	12.40
January	13.89
February	13.21

The average earnings per active staking node saw a slight decrease to 13.21 xBZZ in February from January's 13.89 xBZZ.

Total Active Staking Nodes by Month

This metric shows the total active staking nodes by month.

Month	Total Active Staking Nodes
September	4,574
October	10,367
November	20,868
December	12,891
January	11,350
February	11,576

The total number of active staking nodes slightly increased to 11,576 in February from January's 11,350.

Total Winning Nodes by Month

This metric shows the total number of unique active staking nodes which have won at least once within the month.

Month	Total Winning Nodes
September	2,125
October	2,462
November	2,787
December	2,308
January	2,474
February	2,814

February observed an increase in the total number of winning nodes to 2,814 from January's 2,474.

Total Active Staking Nodes by Country

This metric shows the total number of active staking nodes across the top four countries and all other countries aggregated into the "Other" category, as well as the remaining nodes in the "Unknown" category.

	China	Germany	Finland	Unknown	United States	Other
September	574	2,046	1,607	217	8	123
October	6,242	2,042	1,543	175	282	91
November	16,145	2,225	1,961	37	363	137
December	8,333	2,001	1,919	265	312	61
January	6,696	1,937	1,769	701	181	66
February	6,787	1,958	1,952	688	116	75

The geographic distribution of active staking nodes in February showed subtle shifts, with slight increases in nodes from China and Germany and a notable increase in nodes from Finland.

Conclusion

February's metrics underscore a period of continued maturation and adjustment for the Swarm network. While there was a very slight decrease in total monthly rewards, there were increases in median and average win values, along with a rise in the number of winning and active staking nodes. The geographical distribution of nodes continues to highlight the global nature of the Swarm network, emphasizing its appeal across different regions.