Steem Total Value Powered Up - $36 million - February 5, 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

• Week over week, the number of powered up STEEM increased by about 210K SP, or 0.13%.
• Over the course of the week, we saw four daily increases and four new highs in the number of staked STEEM.
• The modeled value of powered-up (staked) STEEM gained ground against all comparison tokens. Changes ranged from 2.89% against SBD to 8% against BTC.
• Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens.
• This week (Sunday through Saturday) saw a total of 440K STEEM powered down, which is down by about 12% from last week's 498K STEEM (Sunday through Saturday).
• This marked the 5th consecutive weekly increase in terms of the modeled USD value.

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Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $35,908,368.136
Exernal STEEM market cap (coingecko) $90,854,738.64
Internal STEEM market cap (median_price * current_supply) $90,359,200.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.06	565,637,542	445,758,870	126.89%
steem-dollars	$2.70	13,299,395	11,564,498	115.00%
bitcoin	$22,845.00	1,571	1,477	106.40%
ethereum	$1,618.50	22,186	20,406	108.72%
litecoin	$95.46	376,161	344,287	109.26%
steem	$0.21	168,042,680	166,882,703	100.69%
USD	$1.00	35,908,368	24,516,738	146.46%

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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 168,039,123, which is up by about 200K STEEM, or ¹/₁₀% from last week's observed value. The graph retains a slightly perceptible upslope, during recent weeks.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value of ~$36 million remained above the December 30, 2022 low of $23,718,335.58 and advanced by another $1.5 million - 4 ¹/₂% -- over last week's value. This was the fifth consecutive weekly increase.

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

Powered-up STEEM advanced against TRX by about 25 million tokens or about 4 ¹/₂%.

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

Powered-up STEEM increased by about 372K SBDs over the last week, which is a bit under 3%

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

After today's observed value of 39.44% the graph was basically flat for the past nine weeks. We have now seen 307 consecutive days above 39%; 371 consecutive days above 37%; 498 consecutive days above 35%; and 561 straight days above ¹/₃. Will it hold above 39? Will it climb to 40%?

^{*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 gained ground by about 116 BTC, or roughly 8% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained ground in the last seven days by ~1,000 ETH, or almost 5%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM gained ground against LTC by about 18K LTC, or roughly 5%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 440K in completed powerdowns last week and 518K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by 18% or less.

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 1,053 pending power downs (down from 1,068 last week), here are the times, dates, and amounts of the top-10

1 2023-02-12T18:05:09 - 91,485,717 VESTS, 51,408 STEEM
2 2023-02-10T17:35:51 - 85,992,982 VESTS, 48,322 STEEM
3 2023-02-12T15:05:12 - 59,981,260 VESTS, 33,705 STEEM
4 2023-02-08T17:12:00 - 44,504,253 VESTS, 25,008 STEEM
5 2023-02-06T23:34:18 - 33,488,361 VESTS, 18,818 STEEM
6 2023-02-09T01:14:00 - 26,701,847 VESTS, 15,004 STEEM
7 2023-02-09T10:11:48 - 24,948,755 VESTS, 14,019 STEEM
8 2023-02-08T22:08:33 - 24,385,467 VESTS, 13,703 STEEM
9 2023-02-09T18:55:57 - 21,024,440 VESTS, 11,814 STEEM
10 2023-02-11T17:10:57 - 11,891,561 VESTS, 6,682 STEEM

Notes

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

Previous posts

• 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

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