Steem Total Value Powered Up - $37 million - March 26, 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 182 thousand SP, or 0.11%.
- Over the course of the week, we saw five daily increases and four new highs in the number of staked STEEM.
- The modeled value of powered-up (staked) STEEM lost ground against all comparison tokens. Changes ranged from -41/2% against USD to -3/10% against TRX.
- Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens, except for BTC.
- This week's completed powerdowns were reported at 511K, which is unchanged from last week.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $36,522,175.24
External STEEM market cap (coingecko) $91,273,010.79
Internal STEEM market cap (median_price * current_supply) $88,173,100.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 567,220,215 | 445,758,870 | 127.25% |
| steem-dollars | $2.97 | 12,297,028 | 11,564,498 | 106.33% |
| bitcoin | $27,888.00 | 1,309 | 1,477 | 88.66% |
| ethereum | $1,769.47 | 20,640 | 20,406 | 101.15% |
| litecoin | $93.27 | 391,574 | 344,287 | 113.74% |
| steem | $0.21 | 172,035,834 | 166,882,703 | 103.09% |
| USD | $1.00 | 36,522,175 | 24,516,738 | 148.97% |
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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 moving average has peeled away from the 0 line for the first time in a while...
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's observed value was 172,033,634, which is up by about 182K STEEM, or about 1/10% from last week's observed value. The graph shows a leveling off during the last week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value - above $36 million - remains higher than the December 30, 2022 low of $23,718,335.58 and dropped by about $1.7 million, about 4 1/2% from last week's value.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM sank against TRX by about 1.7 million tokens or almost 1/3%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM lost ground by about 400K SBDs over the last week, which is a bit over 3 1/4%.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 40.05% the graph is showing a slight upslope. Howeve, the value has continued flirting with the 40% line all week. We have now seen 2 consecutive days above 40%, 356 consecutive days above 39%; 420 consecutive days above 37%; 547 consecutive days above 35%; and 610 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 moved down by ~50 BTC, which is a bit under 3 3/4%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM lost ground in the last seven days by 339 ETH, or a bit over 1 1/2%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM declined against LTC by about 55K LTC, which is about 12 1/4%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 511K in completed powerdowns last week and 429K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decline in powerdowns by about 16% 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 980 pending power downs (up from 967 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-03-27T01:18:06 - 265,032,941 VESTS, 149,503 STEEM
2 2023-04-02T15:05:39 - 149,866,073 VESTS, 84,538 STEEM
3 2023-03-27T16:54:42 - 46,610,169 VESTS, 26,292 STEEM
4 2023-04-02T09:01:15 - 42,912,895 VESTS, 24,207 STEEM
5 2023-04-01T15:11:21 - 27,495,107 VESTS, 15,510 STEEM
6 2023-03-30T02:37:48 - 24,094,750 VESTS, 13,592 STEEM
7 2023-04-01T06:29:15 - 17,902,372 VESTS, 10,099 STEEM
8 2023-03-30T11:30:21 - 15,118,315 VESTS, 8,528 STEEM
9 2023-03-27T16:33:30 - 12,931,795 VESTS, 7,295 STEEM
10 2023-04-01T16:43:27 - 10,638,337 VESTS, 6,001 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- 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.
SBD is not printed for a long time. May be this is for the better of this platform. But this is somehow a little bit upset.
Totally agree with you, it is unfair not to receive the SBD.
Sorry for reading your comment, but I fully share your opinion.
Wish to see more progress on power up section and also wish to see steem to the moon asap. Thanks for sharing the statistics.
I would like to be receiving rewards in SBD, I understand the reason why it is not done, but it seems fair to me that we have rewards now, it is too long to wait, and it does not seem fair to me, it is my opinion
This week's power up is pretty good. More activities can be done. The APR rate, for example, can be slightly increased. I think the 4% APR rate is reasonable.
In order to increase the APR, I believe it would be necessary to reduce author, curator, and/or witness rewards (or to eliminate the SPS). It's explained here.
Basically, 15% of new tokens are divided proportionately among STEEM power holders. So... it's technically possible to increase the APR, but it comes with tradeoffs, and it's not as easy as it might seem.
Thanks for the link. There are many interesting informations about the hardfork. And now I know which keywords I can use for further searches... :-)
It seems that this problem has remained insurmountable. The whole problem is delegation. Without this opportunity, there would be no problems.
I agree that delegation exacerbates it, but the same problem existed before delegation was in widespread use (and you can still see it with certain accounts who are not using delegation, but are gaming the rewards).
IMO, the fundamental problem is that these changes were always done based on a hunch, but no one ever took the time to study the problem and perform a careful econometric analysis. As a result, it has remained too easy for large stakeholders to overvalue any post of their choosing.
Google built its entire business on the back of its PageRank algorithm. Steem's reward system serves the same purpose, but no one has taken the time to give it the attention it deserves.