Steem Total Value Powered Up - $34 million - May 14, 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 decreased by about 76 thousand SP, or 0.04%.
- Over the course of the week, we saw five daily increases and two new highs in the number of staked STEEM.
- The modeled value of powered-up (staked) STEEM lost ground against all comparison values, except for SBDs.
- Changes ranged from -9 3/4% against USD to +2 1/3% against SBD.
- Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens, except for BTC and ETH.
- This week's completed powerdowns were reported at 848K, which is an increase of about 76% from last week's 480K.
- We saw 2,496 new accounts created, with net migrations of one additional orca account, four fewer dolphins, five additional minnows, and two fewer redfish.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $33,627,575.88
External STEEM market cap (coingecko) $84,110,451.40
Internal STEEM market cap (median_price * current_supply) $83,326,900.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 484,756,751 | 445,758,870 | 108.75% |
| steem-dollars | $2.31 | 14,557,392 | 11,564,498 | 125.88% |
| bitcoin | $26,956.00 | 1,247 | 1,477 | 84.46% |
| ethereum | $1,808.15 | 18,597 | 20,406 | 91.14% |
| litecoin | $83.07 | 404,810 | 344,287 | 117.58% |
| steem | $0.19 | 173,508,846 | 166,882,703 | 103.97% |
| USD | $1.00 | 33,627,576 | 24,516,738 | 137.16% |
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This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.
There was a noticeable increase in new accounts during the last couple of days.
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. The 28-day average has continued drifting back towards the zero line.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's downloaded value was 173,503,888, which is down by about 76K STEEM, or about 1/20% from last week's observed value. The graph has remained almost flat.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value at download time - slightly under $34 million - remains higher than the December 30, 2022 low of $23,718,335.58. It decreased by about $3.6 million - or 9 3/4% from last week's value.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM moved lower against TRX by about 47 million tokens or almost 9%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM gained ground by about 338K SBDs over the last week, which is about 2 1/3%.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 40.00% the graph has been flirting with the 40% line again this week. We have now seen 4 straight days above 40%; 405 consecutive days above 39%; 469 consecutive days above 37%; 596 consecutive days above 35%; and 659 straight days above 1/3.
*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 declined by about 32 BTC, or roughly 2 1/2%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM declined in the last seven days by 765 ETH, or a little under 4%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM moved down against LTC by about 31K LTC, which is about 7%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 848K in completed powerdowns last week and 541K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 31% or more.
(Looks like I had a typo or data error in last week's report. I typed 655K pending, but it should have been 855K. Now fixed.)
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 835 pending power downs (down from 951 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-05-20T21:31:33 - 441,785,643 VESTS, 250,150 STEEM
2 2023-05-18T21:27:09 - 59,348,326 VESTS, 33,605 STEEM
3 2023-05-18T21:27:57 - 41,651,353 VESTS, 23,584 STEEM
4 2023-05-14T22:40:06 - 29,571,071 VESTS, 16,744 STEEM
5 2023-05-14T23:25:54 - 28,317,586 VESTS, 16,034 STEEM
6 2023-05-16T04:15:00 - 22,296,760 VESTS, 12,625 STEEM
7 2023-05-16T10:36:54 - 22,108,652 VESTS, 12,518 STEEM
8 2023-05-15T08:38:00 - 20,219,927 VESTS, 11,449 STEEM
9 2023-05-21T07:39:12 - 17,201,950 VESTS, 9,740 STEEM
10 2023-05-18T07:42:00 - 14,051,183 VESTS, 7,956 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $34 million - May 14, 2023
- Steem Total Value Powered Up - $37 million - May 7, 2023
- Steem Total Value Powered Up - $38 million - April 30, 2023
- Steem Total Value Powered Up - $38 million - April 23, 2023
- Steem Total Value Powered Up - $41 million - April 16, 2023
- Steem Total Value Powered Up - $38 million - April 9, 2023
- Steem Total Value Powered Up - $36 million - April 2, 2023
- Steem Total Value Powered Up - $37 million - March 26, 2023
- Steem Total Value Powered Up - $38 million - March 19, 2023
- Steem Total Value Powered Up - $31 million - March 12, 2023
- Steem Total Value Powered Up - $37 million - March 5, 2023
- Steem Total Value Powered Up - $41 million - February 26, 2023
- Steem Total Value Powered Up - $40 million - February 19, 2023
- Steem Total Value Powered Up - $38 million - February 12, 2023
- Steem Total Value Powered Up - $36 million - February 5, 2023
- Steem Total Value Powered Up - $35 million - January 29, 2023
- Steem Total Value Powered Up - $33 million - January 22, 2023
- Steem Total Value Powered Up - $30 million - January 15, 2023
- Steem Total Value Powered Up - $25 million - January 8, 2023
- Steem Total Value Powered Up - $24 million - January 1, 2023
For links from 2021 and 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 - $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 also noticed that the number of new accounts on the site has increased, as can be seen from your first visualization in a new format recently.
In recent weeks the amount of constant power up is something good for the platform, although the price is not reflected. But that has prevented the price of steem from collapsing.
Here I can only say, congratulations for an excellent post and excellent work. I wish you a happy start to the week
this week's steem buff is down compared to last week. It's the lowest percentage I've ever seen.
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