Steem Total Value Powered Up - $32 million - July 9, 2023
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 |
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- Week over week, the number of powered up STEEM increased by about 213 thousand SP, or 0.12%.
- Over the course of the week, we saw six daily increases and six new highs in the number of staked STEEM.
- The modeled value of powered-up (staked) STEEM gained ground against all comparison values, except for SBD and TRX.
- Changes ranged from -4.92% against TRX to +14.54% against LTC.
- Compared to the January 1, 2023 baseline, the modeled value has lost ground against BTC, ETH, LTC and TRX. It has gained ground against SBD, and USD.
- This week's completed powerdowns were reported at 372K, which is a decrease of about 221/2% from last week's 480K.
- We saw 2,382 new accounts created - up from 2,163 last week.
- Net migrations of account classifications showed 2 more dolphins, 12 fewer minnows, and 10 more redfish.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $31,820,113.37
External STEEM market cap (coingecko) $79,021,985.93
Internal STEEM market cap (median_price * current_supply) $79,356,800.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.08 | 404,111,115 | 445,758,870 | 90.66% |
| steem-dollars | $2.25 | 14,142,272 | 11,564,498 | 122.29% |
| bitcoin | $30,347.00 | 1,048 | 1,477 | 70.99% |
| ethereum | $1,869.76 | 17,018 | 20,406 | 83.40% |
| litecoin | $96.86 | 328,516 | 344,287 | 95.42% |
| steem | $0.18 | 176,543,996 | 166,882,703 | 105.79% |
| USD | $1.00 | 31,820,113 | 24,516,738 | 129.79% |
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This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.
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. Noteworthy this week, the 28-day moving average continued moving downwards, but there's still some daylight visible between that and the zero line.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's downloaded value was 176,527,072, which is up by about 213K STEEM, or about 1/10% over last week's observed value. The graph continues to show a slight upslope.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value at download time - a bit over $32 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained about $23K during the week, a bit less than 1/10%. This is the 3rd week in a row with a rounded value at $32 million.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM declined by about 21 million TRX tokens or a bit under 5%. At 403,620,545, this value is currently about 19 million above the June 15 low of 384,259,742.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM declined by about 53K SBDs, about 1/3%, during the last week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
With today's observed value of 40.39% the graph drifted below the 40% line again on Wednesday (July 5) and back above after that. We have now seen 4 days above 40%; 461 consecutive days above 39%; 525 consecutive days above 37%; 652 consecutive days above 35%; and 715 straight days above 1/3. The graph shows a bit of noise recently, but overall seems basically flat in recent weeks.
*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Powered-up STEEM advanced by about 7 BTC, or 2/3%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained in the last seven days by about 366 ETH, or almost 21/4%.
Modeled value of powered-up STEEM in terms of LTC
LTC gave back some of last week's huge gains. The weekly change for powered-up STEEM against LTC was an increase of about 42K LTC, or 141/2%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 372K in completed powerdowns last week and 354K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 24% 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 1,203 pending power downs (down from 1,264 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-07-09T22:40:18 - 98,866,430 VESTS, 56,221 STEEM
2 2023-07-10T02:37:39 - 52,854,638 VESTS, 30,056 STEEM
3 2023-07-11T14:42:12 - 44,967,992 VESTS, 25,571 STEEM
4 2023-07-14T16:03:54 - 42,895,933 VESTS, 24,393 STEEM 5 2023-07-14T16:32:42 - 22,008,463 VESTS, 12,515 STEEM
6 2023-07-10T10:42:45 - 19,074,325 VESTS, 10,847 STEEM
7 2023-07-12T12:23:39 - 14,430,589 VESTS, 8,206 STEEM
8 2023-07-14T23:27:00 - 13,503,193 VESTS, 7,679 STEEM
9 2023-07-12T05:26:48 - 12,770,690 VESTS, 7,262 STEEM
10 2023-07-16T10:33:21 - 11,666,571 VESTS, 6,634 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $32 million - July 9, 2023
- Steem Total Value Powered Up - $32 million - July 2, 2023
For links from 2021, 2022 and the first half of 2023, see these posts:
- Steem Total Value Powered Up - $32 million - June 25, 2023
- 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 - $26 million - December 18, 2022
Pixabay license, source
Reminder
Visit the /promoted page and #burnsteem25 to support the inflation-fighters who are helping to enable decentralized regulation of Steem token supply growth.
I am used to doing my POWER UP on Sundays, however it was not possible to do it today, it will be tomorrow, I feel motivated doing this, I see my wallet increase and I feel closer to the community, conclusion, I feel happy doing POWER UP, I am one of these who contributes for himself and others
According to the data of this report, 219 new account created in a week which sounds really great. 2 new dolphins, 10 new red fish and 12 new minnows is also great. The power up or steem staking increasing is really awesome and indeed its a good news for a steem promoter. I'm involved in some weekly steem, tron, steemit promotional activities in my personal social media account. I'm sure its not only me who is contributing as promoter, there are many steemians whose promoting steem, tron and this platform to their social media and they reach more people to bring them in steemit and influence them to sign up as author or curator. I wish to see more progress and steem as most valuable crypto coin someday!
Thanks for the analysis. power ups are pretty good this week. Let's work to increase it