April 2026 State of the Network Report
This report provides an overview of the Swarm network’s key metrics for April 2026, including rewards, participation levels, and node distribution, and places them in context with recent monthly trends.
Network Total Monthly Rewards
This metric shows the total storage incentive rewards paid out across the network each month.
| Month | Total Network Rewards (xBZZ) |
|---|---|
| November | 39,109 |
| December | 38,477 |
| January | 31,172 |
| February | 20,967 |
| March | 16,450 |
| April | 12,265 |
Total network rewards in April were 12,265 xBZZ, down from 16,450 xBZZ in March.
Monthly Median Win Values
| Month | Median Win (xBZZ) |
|---|---|
| November | 12.04 |
| December | 11.53 |
| January | 9.21 |
| February | 6.72 |
| March | 4.76 |
| April | 3.72 |
The median win value in April was 3.72 xBZZ, down from 4.76 xBZZ in March.
Monthly Average Win Values
| Month | Average Win (xBZZ) |
|---|---|
| November | 13.09 |
| December | 11.68 |
| January | 9.25 |
| February | 6.78 |
| March | 4.81 |
| April | 3.74 |
The average win value in April was 3.74 xBZZ, down from 4.81 xBZZ in March.
Active Staking Node Monthly Average Earnings
| Month | Avg Monthly Earnings (xBZZ) |
|---|---|
| November | 19.40 |
| December | 18.68 |
| January | 16.07 |
| February | 11.62 |
| March | 9.08 |
| April | 6.78 |
Average earnings per active staking node in April were 6.78 xBZZ, down from 9.08 xBZZ in March.
Total Active Staking Nodes by Month
| Month | Total Active Staking Nodes |
|---|---|
| November | 2,018 |
| December | 2,060 |
| January | 1,939 |
| February | 1,804 |
| March | 1,812 |
| April | 1,808 |
The total number of active staking nodes in April was 1,808, a slight decrease from 1,812 in March.
Total Reachable Full Nodes Regardless of Active Status
| Month | Total Reachable Full Nodes |
|---|---|
| November | 5,299 |
| December | 4,760 |
| January | 4,270 |
| February | 4,086 |
| March | 4,089 |
| April | 4,098 |
Total reachable full nodes in April increased marginally to 4,098, up from 4,089 in March.
Total Winning Nodes by Month
| Month | Total Winning Nodes |
|---|---|
| November | 1,433 |
| December | 1,513 |
| January | 1,456 |
| February | 1,427 |
| March | 1,471 |
| April | 1,434 |
The number of winning nodes in April was 1,434, down from 1,471 in March.
Total Active Staking Nodes by Country
| Country | Active Staking Nodes |
|---|---|
| Finland | 1,636 |
| Germany | 79 |
| Unknown | 47 |
| Canada | 14 |
| Hungary | 9 |
| United States | 7 |
| Ireland | 4 |
| Estonia | 3 |
| Norway | 2 |
| Brazil | 1 |
| Cyprus | 1 |
| Japan | 1 |
| Martinique | 1 |
| Portugal | 1 |
| Spain | 1 |
| Ukraine | 1 |
Finland continued to account for the overwhelming majority of active staking nodes in April with 1,636 out of 1,808 total nodes, followed distantly by Germany with 79 nodes.
Total Nodes By Country Regardless of Staking Status
| Country | Reachable Full Nodes |
|---|---|
| Germany | 2,278 |
| Finland | 1,658 |
| Canada | 63 |
| France | 54 |
| Hungary | 12 |
| United States | 8 |
| India | 4 |
| Estonia | 3 |
| Czechia | 2 |
| Lithuania | 2 |
| Russia | 2 |
| Australia | 1 |
| Austria | 1 |
| Brazil | 1 |
| Ireland | 1 |
| Japan | 1 |
| Portugal | 1 |
| Singapore | 1 |
| Slovakia | 1 |
| South Africa | 1 |
| The Netherlands | 1 |
| Ukraine | 1 |
| United Kingdom | 1 |
Germany led the total reachable full node count with 2,278 nodes, followed by Finland with 1,658, together accounting for the vast majority of the network’s reachable capacity.
Conclusion
April 2026 continued a multi-month downward trend in reward metrics, with total network rewards falling to 12,265 xBZZ from 16,450 xBZZ in March, and per-node average earnings dropping to 6.78 xBZZ. Active staking node count remained essentially flat at 1,808, and total reachable full nodes held steady at 4,098, suggesting stable network participation despite declining reward levels. Finland maintained its dominant position in active staking with over 90% of nodes, while Germany retained its lead in total reachable full node count.
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