Steem Total Value Powered Up - $38 million - April 23, 2023

in #metrics2 years ago (edited)

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 151 thousand SP, or 0.09%.
  • Over the course of the week, we saw six daily increases and six new highs in the number of staked STEEM.
  • The modeled value of powered-up (staked) STEEM gained ground against BTC, ETH, and LTC. It lost ground against USD, SBD, and TRX.
  • Changes ranged from -8% against TRX to +5% against LTC.
  • 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 447K, which is an increase of almost 20% from last week's 373K.


Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $37,660,396.86
External STEEM market cap (coingecko) $93,970,158.14
Internal STEEM market cap (median_price * current_supply) $95,545,200.00

Locked value in terms of other tokens:

tokenpricelocked value equivalentJan 1, 2023pct of Jan 1 baseline
tron$0.07566,015,342445,758,870126.98%
steem-dollars$2.6814,052,38611,564,498121.51%
bitcoin$27,503.001,3691,47792.72%
ethereum$1,860.7120,23920,40699.18%
litecoin$85.86438,625344,287127.40%
steem$0.22173,250,022166,882,703103.82%
USD$1.0037,660,39724,516,738153.61%

And here are the charts, based on data collected daily since April 10, 2021.

Updated slide for April 23: Added weekly changes & numbers of new accounts


This new slide (April 16) takes its data from the SDS getVestingStats API call, provided by @steemchiller

image.png

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.

image.png

Here are some descriptive statistics, for numbers geeks.

image.png

VESTED STEEM

Today's observed value was 173,277,296, which is up by about 151K STEEM, or about 1/10% from last week's observed value. The graph continues to show a gentle upslope.

image.png

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value - a bit over $38 million - remains higher than the December 30, 2022 low of $23,718,335.58. It declined by about $3 million - or 7 1/3% from last week's value.

image.png

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

Powered-up STEEM lost against TRX by about 49 million tokens or nearly 8%.

image.png

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

Powered-up STEEM lost ground by about 320K SBDs over the last week, which is about 2 1/5%.

image.png

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

After today's observed value of 39.90% the graph continued to straddle the 40% line for the second consecutive week. We have now seen 384 consecutive days above 39%; 448 consecutive days above 37%; 575 consecutive days above 35%; and 638 straight days above 1/3.

image.png

*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 was up by about 22 BTC, or almost 1 3/5%.

image.png

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained ground in the last seven days by 674 ETH, or about 3 1/2%.

image.png

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM gained against LTC by about 22K LTC, which is about 5%.

image.png

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 447K in completed powerdowns last week and 535K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 20% or less.

image.png

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

image.png

And with a total of 1,041 pending power downs (up from 1,010 last week), here are the times, dates, and amounts of the top-10

1 2023-04-28T07:29:54 - 89,575,007 VESTS, 50,638 STEEM
2 2023-04-27T21:27:09 - 59,348,326 VESTS, 33,550 STEEM
3 2023-04-27T21:27:57 - 41,651,353 VESTS, 23,546 STEEM
4 2023-04-27T17:14:30 - 41,052,388 VESTS, 23,207 STEEM
5 2023-04-30T15:06:30 - 40,603,051 VESTS, 22,953 STEEM
6 2023-04-23T23:42:24 - 31,021,084 VESTS, 17,537 STEEM
7 2023-04-23T23:25:54 - 28,317,586 VESTS, 16,008 STEEM
8 2023-04-26T07:44:27 - 25,096,635 VESTS, 14,187 STEEM
9 2023-04-25T04:15:00 - 22,296,760 VESTS, 12,605 STEEM
10 2023-04-27T19:47:39 - 22,128,501 VESTS, 12,509 STEEM

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
For links from 2021 and 2022, see these posts:

image.png

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.

Sort:  

Thanks for the analysis. It seems like there is a decrease in the number of power ups this week. People move in the direction of the trend. In fact, it is best to proceed without looking at the price.

I am one of those who does POWER UP, some people already have it as essential every week, but it is respectable to see that others do not and it is reflected in the graph.
Everything is respectable in this life, it's my opinion, and each individual decides what to do or not, obviously everything has a reason for being, nothing is random, well I already took the rhetoric of today :)

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.037
BTC 93400.01
ETH 3410.75
USDT 1.00
SBD 3.80