State of the Network: November 2025

November 2025 State of the Network Report

November saw significant changes across several network metrics compared to the previous two months. Total rewards, win values, and average earnings per active node increased, while the number of active staking nodes, winning nodes, and reachable full nodes decreased. This report summarizes the observed values for rewards, participation, and geographic distribution during the month.

Network Total Monthly Rewards

This metric shows the total storage incentive rewards paid out across the network each month.

Month	Total Network Rewards (xBZZ)
June	24,545
July	37,249
August	41,496
September	28,162
October	28,337
November	39,109

Total network rewards for November reached 39,109 xBZZ, an increase compared to October’s total of 28,337 xBZZ.

Monthly Median Win Values

Month	Median Win Values (xBZZ)
June	7.38
July	10.00
August	11.07
September	8.33
October	8.10
November	12.04

Median win values increased to 12.04 xBZZ in November, up from 8.10 xBZZ in October.

Monthly Average Win Values

Month	Average Win Values (xBZZ)
June	7.44
July	11.07
August	12.28
September	8.60
October	8.34
November	13.09

Average win values rose to 13.09 xBZZ in November, compared to 8.34 xBZZ in October.

Active Staking Node Monthly Average Earnings

Month	Avg Total Earnings per Node (xBZZ)
June	4.97
July	10.79
August	11.33
September	7.73
October	8.33
November	19.40

Average total earnings per active staking node increased to 19.40 xBZZ in November, compared to 8.33 xBZZ in October.

Total Active Staking Nodes by Month

Month	Total Active Staking Nodes
June	4,934
July	3,453
August	3,663
September	3,643
October	3,400
November	2,018

The total number of active staking nodes in November was 2,018, down from 3,400 in October.

Total Reachable Full Nodes Regardless of Active Status

Month	Total Reachable Full Nodes
June	8,473
July	9,753
August	7,097
September	7,063
October	7,071
November	5,299

Total reachable full nodes decreased to 5,299 in November, compared to 7,071 in October.

Total Winning Nodes by Month

Month	Total Winning Nodes
June	2,197
July	1,806
August	1,738
September	1,701
October	1,668
November	1,433

The number of winning nodes in November was 1,433, down from 1,668 in October.

Total Active Staking Nodes by Country

Country	Total Active Staking Nodes
Finland	1882
Unknown	61
Germany	43
Hungary	9
Ireland	4
China	3
Estonia	3
United States	3
France	2
Russia	2
Spain	2
Japan	1
Martinique	1
Portugal	1
Ukraine	1

Active staking nodes were distributed across multiple countries in November. The most dramatic change is the near complete withdrawal of all Chinese nodes. Finland continues to account for the largest number of active nodes, followed by smaller contributions from several other countries.

Conclusion

November recorded higher reward and win value metrics alongside lower counts of active staking nodes, winning nodes, and reachable full nodes. Key changes this month include the near complete withdrawal of Chinese nodes subsequently paired with higher average per node earnings.