Octez · mainnet · health

27 points, 2026-05-04 to 2026-10-27 · latest 2026-10-27 08:10 UTC · cycle 1395 · level 15,552,103

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Active delegates
200
bakers with stake
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Total baking power
454.63M
tez, the stake all bakers hold
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tz4 consensus keys
41.0 %
82 of 200 bakers
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Staking ratio
31.2 %
349 952 901 of 1 119 831 475 tez · 199 bakers, 3,247 stakers
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RangeALL1y6m3m
27 of 130 points · drag a chart to select
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tz4 consensus key adoption over time

0 %50 %100 %Jun 2026Jul 2026Aug 2026Sep 2026Oct 2026target · 50 %

tz4 adoption %targetprotocol activation

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Staking ratio over time

0 %30 %60 %Jun 2026Jul 2026Aug 2026Sep 2026Oct 2026target · 50 %

staking ratio %own staked %external staked %targetprotocol activation

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Concentration

How unevenly the stake is spread over all the active bakers.

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Effective bakers
19.3
equal-sized, for 200 bakers
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HHI
519
of 10,000 · limit 1,500 is “unconcentrated”
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Gini
0.863
0 equal · 1 one holds all
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Nakamoto coefficients over time

01428Jun 2026Jul 2026Aug 2026Sep 2026Oct 2026

protocol activation

ShareBakersReachedSince 2026-05-04
20 %223.5 %3 → 2
33 %437.5 %5 → 4
50 %750.4 %9 → 7
66 %1367.2 %16 → 13
80 %2280.7 %25 → 22
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HHI over time

07501500Jun 2026Jul 2026Aug 2026Sep 2026Oct 2026unconcentrated below · 1500

HHIunconcentrated belowprotocol activation

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Gini over time, and today's Lorenz curve

00.51Jun 2026Jul 2026Aug 2026Sep 2026Oct 2026

protocol activation

0 %0 %50 %50 %100 %100 %smallest bakers, cumulativeperfect equality
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Baker churn per cycle

-240+24Jun 2026Jul 2026Aug 2026Sep 2026Oct 2026

joinedleftfaded: the gap since the previous point is several cyclesprotocol activation

cycle 1395: 1 joined, 0 left

BakerStake (tez)
joined tz1LXpCpLNRhP7G9Yw8dRhWd8ZfH8929uvGo99 491
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Biggest bakers

#BakerStake (tez)Share
1Kraken Baker tz1RCFbB9GpALpsZtu6J58sb74dm8qe6XBzv62 872 68813.83 %
2Coinbase Baker tz1irJKkXS2DBWkU1NnmFQx1c1L7pbGg4yhk43 924 7419.66 %
3Kiln tz3dKooaL9Av4UY15AUx9uRGL5H6YyqoGSPV34 799 7457.65 %
4Everstake tz1aRoaRhSpRYvFdyvgWLL6TGyRoGF51wDjM28 963 7526.37 %
33 %reached · the top 4 hold 37.5 %
5BTCS 9 tz1cHuQiBTVDZJT591QG5KjS7h3QieGkzYut21 599 2994.75 %
6tz1cJTktkAEhxyWZAyQrjcqZJ3BeQYyQMvBt21 111 7424.64 %
7Tezos Foundation Baker 1 tz3cqThj23Feu55KDynm7Vg81mCMpWDgzQZq16 055 7193.53 %
8Tezos Foundation Baker 2 tz3ipHZQpBBFuxv7eKoFgGnTaU3RBhnS93yY15 428 8933.39 %
9Tezos Foundation Baker 4 tz3UQN6nBQHofmgQ3pZannhiYE2CT7TEZFim15 354 8123.38 %
10TenX Protocols Baker tz1NZMY994zzvGoccJzU3AXvveNe1EUMg8rq12 733 7712.80 %
11P2P.org tz1P2Po7YM526ughEsRbY4oR9zaUPDZjxFrb12 555 4062.76 %
12Tezos Foundation Baker 3 tz3UC5hM9uCUiqmAw1pHdxjAdGueQMd8u3wf12 156 1232.67 %
13tz3W7k9v3uniY1f2HQRKxymJybNvH3FgvZ5N8 154 0781.79 %
66 %reached · the top 13 hold 67.2 %
14BTCS 3 tz1TvWQRwL6GUXio97RiKRsoRbeB662e6je46 986 4211.54 %
15BTCS 4 tz1WCHXtELv4C7NvUTf59bEgmRSBRkiVGLeJ6 953 8021.53 %
16BTCS 2 tz1V9KnxxZxrSM73ntYMM7JntZW7UMGSp3EU6 895 4051.52 %
17BTCS 5 tz1hX1eXYqS1dyQhPhCLgvvp1wWe9CLyjQMk6 873 2211.51 %
18BTCS 6 tz1eCq647sXnC7qkCydJJ7RhzdAR1RcmfXFw6 819 5551.50 %
19BTCS 7 tz1g3RTDPNMbdZLRKBA6UzwBrvWQehBUho7J6 726 0061.48 %
20BTCS 8 tz1hiH4yJs9MsziWSJyLzkkuFt1Pf2kimFq36 724 3041.48 %
21BTCS 1 tz1NfJ9NxodVbF1SV8shnJi9R8UqEUc46Edq6 650 4621.46 %
22BTCS 10 tz1ZFFTCQBFU47F6ryQbVWkDZJwccTneHuZW6 532 7671.44 %
23Ledger by Kiln tz3LV9aGKHDnAZHCtC9SjNtTrKRu678FqSki5 813 3341.28 %
24Bakerman_CH tz1Q7eNkwYGTKZNqQ2mq31rcZtNvCjwhTwU24 575 9381.01 %
25Coinone Baker tz1SYq214SCBy9naR6cvycQsYcUGpBqQAE8d4 490 1810.99 %