Steem Total Value Powered Up - $32 million - June 19, 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. I'm posting early this week due to plans for "Father's Day", so depending on what happens later, today's downloaded value may look different in next week's graphs.
Noteworthy in the last week,
- With BTC now below $20K, the theme for the crypto markets, this week is, The bloodbath continues ;-).
- In USD terms, STEEM was part of the carnage, but in comparison to other cryptocurrencies, the value of staked STEEM held its ground.
- Week over week, the number of powered up STEEM declined by about 250K, or about 0.15%.
- Over the course of the week, we saw two daily increases and no new highs in number of STEEM powered up.
- At 41.61%, the series-long high as a percentage of market cap was recorded on April 26. Nearly all subsequent observations have been in the 39% range, so this was probably a fluke of timing in the way that CoinGecko updates their market cap and price fields.
- The modeled value of powered-up STEEM lost ground against USD, SBD, and LTC. It gained ground against BTC, ETH, and TRX. Changes ranged from -18% against USD to +21% against ETH.
- Total power-downs this week totaled 1.05M STEEM, which represented an increase of 19% vs. last week's 886K.
- In terms of all comparison values except for TRX, and USD, today's locked value is higher than the January 1, 2022 baseline.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $31,751,534.25
STEEM market cap $80,568,543.79
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 509,083,441 | 809,173,538 | 62.91% |
| steem-dollars | $2.79 | 11,380,478 | 11,284,131 | 100.85% |
| bitcoin | $19,811.95 | 1,602 | 1,300 | 123.27% |
| ethereum | $1,066.77 | 29,764 | 16,501 | 180.38% |
| litecoin | $51.70 | 614,149 | 411,561 | 149.22% |
| steem | $0.20 | 157,362,651 | 142,930,214 | 110.10% |
| USD | $1.00 | 31,751,534 | 61,837,042 | 51.35% |
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
With a weekly decline of about 250k, or 0.16%, the graph is basically flat, with a barely perceptible downslope for the last two weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly decrease of about 7 million dollars, or almost 18%. The value is still below the long-term mean, and fell below its May 12 bottom near $34 million. It remains above the low of ~27 million from June 22, 2021.
Modeled value of powered-up STEEM in terms of Tron (TRX)
TRX has shown continuing strength, relative to the rest of the sector, but the market even weighed on Tron this week. As a result, the modeled value for powered-up STEEM gained by about 20 million TRX tokens or just over 4%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 700K tokens or 6 %
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still running basically flat for the last couple of months - aside from an anomalous spike on April 26. With today's observed value of 39.99%, we have now seen 76 consecutive days above 39%; 109 consecutive days above 38%; 140 consecutive days above 37%; 267 consecutive days above 35%; and 330 straight days above 1/3. Will it hold above 39%? Will it climb above 40%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 260 BTC, or 19 1/2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by about 5,000, or a bit more than 21%.
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM moved down by about 123K LTC, or just under 17%. Still running well above the historical average.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 745K pending, we can expect weekly powerdowns to decrease by about 29% 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.
Here are some descriptive statistics for the numbers geeks:
And with a total of 1,057 pending power downs, here are the times, dates, and amounts of the top-10:
1 2022-06-20T00:02:51 - 151,897,968 MVESTS, 83,758 STEEM
2 2022-06-26T07:41:24 - 134,732,066 MVESTS, 74,293 STEEM
3 2022-06-25T02:18:24 - 90,741,534 MVESTS, 50,036 STEEM
4 2022-06-26T07:57:51 - 90,732,129 MVESTS, 50,031 STEEM
5 2022-06-24T04:14:36 - 73,251,645 MVESTS, 40,392 STEEM
6 2022-06-20T13:19:12 - 67,147,363 MVESTS, 37,026 STEEM
7 2022-06-19T16:03:30 - 61,741,224 MVESTS, 34,045 STEEM
8 2022-06-21T19:28:03 - 45,781,126 MVESTS, 25,244 STEEM
9 2022-06-22T04:58:42 - 41,775,699 MVESTS, 23,036 STEEM
10 2022-06-20T13:13:15 - 38,397,977 MVESTS, 21,173 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $57 million - January 9, 2022
- Steem Total Value Powered Up - $60 million - January 16, 2022
- Steem Total Value Powered Up - $43 million - January 23, 2022
- Steem Total Value Powered Up - $46 million - January 30, 2022
- Steem Total Value Powered Up - $54 million - February 6, 2022
- Steem Total Value Powered Up - $50 million - February 13, 2022
- Steem Total Value Powered Up - $46 million - February 20, 2022
- Steem Total Value Powered Up - $48 million - February 27, 2022
- Steem Total Value Powered Up - $47 million - March 6, 2022
- Steem Total Value Powered Up - $47 million - March 13, 2022
- Steem Total Value Powered Up - $51 million - March 20, 2022
- Steem Total Value Powered Up - $60 million - March 27, 2022
- Steem Total Value Powered Up - $65 million - April 3, 2022
- Steem Total Value Powered Up - $55 million - April 10, 2022
- Steem Total Value Powered Up - $68 million - April 24, 2022
- Steem Total Value Powered Up - $67 million - May 1, 2022
- Steem Total Value Powered Up - $62 million - May 8, 2022
- Steem Total Value Powered Up - $42 million - May 15, 2022
- Steem Total Value Powered Up - $45 million - May 22, 2022
- Steem Total Value Powered Up - $39 million - May 29, 2022
- Steem Total Value Powered Up - $50 million - June 5, 2022
- Steem Total Value Powered Up - $35 million - June 12, 2022
- Steem Total Value Powered Up - $32 million - June 19, 2022
Great analysis, useful work. The data doesn't look very nice. It's nice that the staked steem has kept its place, but it has lost value in USD terms. Happy Father's Day.
The decline of the economy is not only in cryptocurrencies, inflation is increasing in different countries, even the most developed suffer from this scourge
This week, I think, there was an attack on Tron via USDD, but it was not successful. Tron investors and foundation are quite strong. If Tron is harmed, we as a community will certainly suffer. Having Tron strong will also make Steem stronger.
Steem will be greatly damaged by this drop unless there is an external correction and support.
This post has been featured in the latest edition of Steem News...
My logic regarding crypto is that if it can fall that quickly...then it can rise rapidly as well. Right now, I see it as a game of patience. The crash of Luna also strengthened the bear season too.
There is a decrease in the total value compared to last week. The entire industry suffered a major crash a few days ago. This is perfectly normal.