Steem Total Value Powered Up - $36 million - July 17, 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 increased by about 200K, or about 0.1%. |
| Over the course of the week, we saw six daily increases and no new highs in number of STEEM powered up. |
| The modeled value of powered-up STEEM lost ground against all comparison values. Changes ranged from -0.25% against SBD to -18% against ETH. |
| In terms of all comparison values except for TRX, and USD, today's locked value is higher than the January 1, 2022 baseline. |
| This week saw a total of 580K STEEM powered down, which is a decline of 16% as compared to last week's 690K STEEM. |
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $35,817,453.23
STEEM market cap $90,046,365.61
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 527,860,601 | 809,173,538 | 65.23% |
| steem-dollars | $2.90 | 12,350,845 | 11,284,131 | 109.45% |
| bitcoin | $21,013.00 | 1,704 | 1,300 | 131.12% |
| ethereum | $1,361.35 | 26,310 | 16,501 | 159.45% |
| litecoin | $56.24 | 636,867 | 411,561 | 154.74% |
| steem | $0.23 | 157,238,918 | 142,930,214 | 110.01% |
| USD | $1.00 | 35,817,453 | 61,837,042 | 57.92% |
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 increase of about 200k, or 1/10%, the graph is basically flat, with a barely perceptible upslope after five weeks of nearly imperceptible downslopes.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly decrease of about 1.8 million dollars, or just under 5%. The value is still below the long-term mean, and back above its recent low 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 gained ground against powered-up STEEM by about 29 million TRX tokens or just over 5%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 31K SBDs or 1/4%
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 39.77%, we have now seen 104 consecutive days above 39%; 137 consecutive days above 38%; 168 consecutive days above 37%; 295 consecutive days above 35%; and 358 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)
Down by about 110 BTC, or 6% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Down by about 5,700 ETH, or about 18%.
Modeled value of powered-up STEEM in terms of LTC
Down by about 80K, or 11%. 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. With 583K in powerdowns last week and 532K pending for next week, we can expect powerdowns to decline next week by about 9% 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 1,207 pending power downs, here are the times, dates, and amounts of the top-10:
1 2022-07-19T06:29:33 - 163,811,353 MVESTS, 90,543 STEEM 2 2022-07-23T01:20:18 - 128,066,726 MVESTS, 70,786 STEEM 3 2022-07-22T19:18:42 - 78,046,257 MVESTS, 43,138 STEEM 4 2022-07-21T10:00:18 - 76,114,966 MVESTS, 42,071 STEEM 5 2022-07-24T16:03:57 - 57,442,347 MVESTS, 31,750 STEEM 6 2022-07-18T20:10:00 - 34,412,823 MVESTS, 19,021 STEEM 7 2022-07-23T11:37:51 - 32,361,504 MVESTS, 17,887 STEEM 8 2022-07-23T10:40:57 - 30,812,124 MVESTS, 17,031 STEEM 9 2022-07-18T17:09:18 - 26,262,697 MVESTS, 14,516 STEEM 10 2022-07-21T04:06:03 - 25,729,779 MVESTS, 14,222 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
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
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.
Nice analysis. the existence of the system depends on the SPs. The more SP, the more influence and power.
In his opinion, there is a stagnation in the staked steem value. $34 million, $37 million, and finally $36 million. These are the values for the last 3 weeks. I hope this stagnation will change upwards.
I see all this as lateral, I hope that the price of BTC will drag this entire market upward, it has had a small increase, well for hours and then it goes down, but at least it has had an upward movement