Steem Total Value Powered Up - $30 million - December 11, 2022

This is next in my series of posts reviewing the amount and value of powered up STEEM on the Steem blockchain. For previous posts, see the end of this entry.

Noteworthy in the last week

• Week over week, the number of powered up STEEM decreased by about 370K SP, or 0.22%.
• Over the course of the week, we saw two daily increases and no new highs in the number of staked STEEM.
• The modeled value gained ground against USD, BTC, and ETH. It lost ground against TRX, SBD, and LTC. Changes ranged from -1% against SBD to +1% against USD.
• The modeled value remains above its January 1 baseline for SBD, BTC, and ETH. It is now below its January 1 baseline in terms of TRX, USD, and LTC.
• This week (Sunday through Saturday) saw a total of 973K STEEM powered down, which is down by almost 3% from last week's ~1 million STEEM (Sunday through Saturday).

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Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $30,031,348.58
Exernal STEEM market cap (coingecko) $76,239,478.16
Internal STEEM market cap (median_price * current_supply) $73,812,000.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.05	553,053,324	809,173,538	68.35%
steem-dollars	$2.26	13,288,207	11,284,131	117.76%
bitcoin	$17,185.87	1,747	1,300	134.42%
ethereum	$1,275.61	23,542	16,501	142.67%
litecoin	$78.06	384,721	411,561	93.48%
steem	$0.18	166,221,190	142,930,214	116.29%
USD	$1.00	30,031,349	61,837,042	48.57%

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And here are the charts, based on data collected daily since April 10, 2021.

Daily Changes

Here is a chart of daily changes in powered-up STEEM from April 11, 2021 to present. The graph also includes a linear trend line and a 28 day moving average.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's observed value was 166,217,315, which is down by ~370K, or ¹/₅% from last week's observed value. The graph trends down slightly for the week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly increase of about $300 million thousand or a bit over 1%.

Modeled value of powered-up STEEM in terms of Tron (TRX)

Powered-up STEEM lost ground by about 5 million tokens against TRX or ⁹/₁₀%.

Modeled value of powered-up STEEM in terms of Steem Dollars

Down by nearly 155K SBDs or a bit over 1%

Modeled value of powered-up STEEM as a percentage of Steem's market cap

After today's observed value of 39.46% the graph was basically flat for the week. We have now seen 251 consecutive days above 39%; 315 consecutive days above 37%; 442 consecutive days above 35%; and 505 straight days above ¹/₃. Will it hold above 39? Will it climb to 40%?

^{*As previously reported, the big drop on December 4 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4 were based on an artificially low supply measurement.}

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

Up by about 12 BTC, or ⁷/₁₀% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained ground by about 182 ETH, or roughly ⁴/₅%.

Modeled value of powered-up STEEM in terms of LTC

Powered-up STEEM lost ground by about 1,800 LTC, or about ¹/₂%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 973K in completed powerdowns last week and 941K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to decrease next week by about 3% or more.

The horizontal lines are the average values for completed (blue) and pending (cyan) powerdowns, and the yellow line is a 28 day moving average of completed powerdowns. "Pending" numbers now come from the Steemit API, not from steemdb.io.

Here are some descriptive statistics for the numbers geeks

And with a total of 1,017 pending power downs (down from 1,115 last week), here are the times, dates, and amounts of the top-10

1 2022-12-17T11:47:00 - 422,089,188 VESTS, 236,127 STEEM
2 2022-12-16T07:50:09 - 195,598,627 VESTS, 109,423 STEEM
3 2022-12-15T16:25:36 - 179,100,041 VESTS, 100,193 STEEM
4 2022-12-17T12:47:33 - 108,747,961 VESTS, 60,836 STEEM
5 2022-12-18T15:05:03 - 101,339,676 VESTS, 56,692 STEEM
6 2022-12-12T13:12:27 - 56,494,157 VESTS, 31,604 STEEM
7 2022-12-15T08:39:36 - 44,844,175 VESTS, 25,087 STEEM
8 2022-12-14T13:11:45 - 26,852,449 VESTS, 15,022 STEEM
9 2022-12-13T10:38:00 - 25,050,521 VESTS, 14,014 STEEM
10 2022-12-13T00:11:51 - 22,379,789 VESTS, 12,520 STEEM

Notes

• Reference prices for STEEM and other tokens are downloaded from coingecko.com

Previous posts

• Steem Total Value Powered Up - $34 million - July 3, 2022
• Steem Total Value Powered Up - $37 million - July 10, 2022
• Steem Total Value Powered Up - $36 million - July 17, 2022
• Steem Total Value Powered Up - $38 million - July 24, 2022
• Steem Total Value Powered Up - $41 million - July 31, 2022
• Steem Total Value Powered Up - $41 million - August 7, 2022
• Steem Total Value Powered Up - $43 million - August 14, 2022
• Steem Total Value Powered Up - $38 million - August 21, 2022
• Steem Total Value Powered Up - $36 million - August 28, 2022
• Steem Total Value Powered Up - $37 million - September 11, 2022
• Steem Total Value Powered Up - $36 million - September 18, 2022
• Steem Total Value Powered Up - $36 million - September 25, 2022
• Steem Total Value Powered Up - $35 million - October 2, 2022
• Steem Total Value Powered Up - $38 million - October 9, 2022
• Steem Total Value Powered Up - $37 million - October 16, 2022
• Steem Total Value Powered Up - $37 million - October 23, 2022
• Steem Total Value Powered Up - $39 million - October 30, 2022
• Steem Total Value Powered Up - $40 million - November 6, 2022
• Steem Total Value Powered Up - $24 million - November 13, 2022
• Steem Total Value Powered Up - $29 million - November 20, 2022
• Steem Total Value Powered Up - $30 million - November 27, 2022
• Steem Total Value Powered Up - $30 million - December 4, 2022
• Steem Total Value Powered Up - $30 million - December 11, 2022

For links from 2021 and the first half of 2022, see these posts:

• Steem Total Value Powered Up - $67 million - January 2, 20212022
• Steem Total Value Powered Up - $36 million - June 26, 2022
• Steem Total Value Powered Up - $36 million - June 26, 2022

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