January 2026 State of the Network Report
This report provides an overview of the Swarm network's key metrics for January 2026, including rewards, participation levels, and node distribution, and places them in context with recent monthly trends.
Info
Active nodes are full nodes identified by a unique Gnosis Chain address with the required minimum staked xBZZ that have submitted a commit transaction during the month.
Info
All rewards are denominated in xBZZ. Since the fiat value of xBZZ fluctuates monthly, these metrics may not reflect the real-world returns for node operators.
Network Total Monthly Rewards
This metric shows the total storage incentive rewards paid out across the network each month.
| Month | Total Network Rewards (xBZZ) |
|---|---|
| August | 41,496 |
| September | 28,162 |
| October | 28,337 |
| November | 39,109 |
| December | 38,477 |
| January | 31,172 |
Total network rewards in January were 31,172 xBZZ, down from 38,477 xBZZ in December.
Monthly Median Win Values
| Month | Median Win Values (xBZZ) |
|---|---|
| August | 11.07 |
| September | 8.33 |
| October | 8.10 |
| November | 12.04 |
| December | 11.53 |
| January | 9.21 |
The median win value in January was 9.21 xBZZ, down from 11.53 xBZZ in December.
Monthly Average Win Values
| Month | Average Win Values (xBZZ) |
|---|---|
| August | 12.28 |
| September | 8.60 |
| October | 8.34 |
| November | 13.09 |
| December | 11.68 |
| January | 9.25 |
Average win values decreased to 9.25 xBZZ in January from 11.68 xBZZ in December.
Active Staking Node Monthly Average Earnings
| Month | Avg Total Earnings per Node (xBZZ) |
|---|---|
| August | 11.33 |
| September | 7.73 |
| October | 8.33 |
| November | 19.40 |
| December | 18.68 |
| January | 16.07 |
Average earnings per active staking node in January were approximately 16.07 xBZZ, down from December's 18.68 xBZZ.
Total Active Staking Nodes by Month
| Month | Total Active Staking Nodes |
|---|---|
| August | 3,663 |
| September | 3,643 |
| October | 3,400 |
| November | 2,018 |
| December | 2,060 |
| January | 1,939 |
The total number of active staking nodes decreased to 1,939 in January, down from 2,060 in December.
