Steem Total Value Powered Up - $38 million - March 19, 2023

remlaps-lite (76)in #metrics • 2 years ago

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 1 million SP, or 0.61%.
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 all other comparison tokens, except for BTC. Changes ranged from -7 ¹/₂% against BTC to +24 ³/₄% against USD.
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 by steemdb.io, but I'm not sure whether that is complete as there was an unknown issue with missing data on SteemDB.
The financial markets showed continued uncertainty for the banking sector, but the crypto market had a nice rebound this week.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $38,177,121.26
External STEEM market cap (coingecko) $95,733,537.54
Internal STEEM market cap (median_price * current_supply) $91,065,700.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	568,433,359	445,758,870	127.52%
steem-dollars	$3.01	12,683,428	11,564,498	109.68%
bitcoin	$28,095.00	1,358	1,477	91.98%
ethereum	$1,821.19	20,962	20,406	102.73%
litecoin	$85.34	447,353	344,287	129.94%
steem	$0.22	171,852,124	166,882,703	102.98%
USD	$1.00	38,177,121	24,516,738	155.72%

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. 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 171,851,463, which is up by about 1 million STEEM, or about ³/₅% from last week's observed value. The graph shows a gently increasing upslope during recent weeks.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value - above $38 million - remains higher than the December 30, 2022 low of $23,718,335.58 and gained by about $7.6 million, nearly 25% from last week's value.

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

Powered-up STEEM gained against TRX by about 63 million tokens or roughly 12 ¹/₂%.

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

Powered-up STEEM gained ground by about 200K SBDs over the last week, which is a bit over 1 ¹/₂%.

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

After today's observed value of 40.00% the graph is showing a slight upslope. The value has been flirting with the 40% line all week, landing right on it today. We have now seen 349 consecutive days above 39%; 413 consecutive days above 37%; 540 consecutive days above 35%; and 603 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 ~111 BTC, which is about 7 ¹/₂%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained in the last seven days by 770 ETH, or almost 3 ³/₄%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM gained ground against LTC by about 10K LTC, which is about 2 ¹/₂%.

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 505K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decline in powerdowns by about 1% or more. However, the completed powerdowns may be missing some data as a result of an issue with data from steemdb.io between March 7 and March 14. The pending numbers come from the blockchain API, not from SteemDB, so I believe those are correct.

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 967 pending power downs (down from 1,005 last week), here are the times, dates, and amounts of the top-10

1 2023-03-20T01:18:06 - 265,032,941 VESTS, 149,421 STEEM
2 2023-03-22T20:09:54 - 77,310,558 VESTS, 43,586 STEEM
3 2023-03-26T15:05:33 - 53,307,611 VESTS, 30,054 STEEM
4 2023-03-20T16:54:42 - 46,610,169 VESTS, 26,278 STEEM
5 2023-03-25T15:11:21 - 27,495,107 VESTS, 15,501 STEEM
6 2023-03-23T02:37:48 - 24,094,750 VESTS, 13,584 STEEM
7 2023-03-25T06:29:15 - 17,902,372 VESTS, 10,093 STEEM
8 2023-03-23T11:30:21 - 15,118,315 VESTS, 8,523 STEEM
9 2023-03-20T16:33:30 - 12,931,795 VESTS, 7,291 STEEM
10 2023-03-25T14:55:27 - 12,526,453 VESTS, 7,062 STEEM

Notes

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

For links from 2021 and 2022, see these posts:

^{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.

#tvpu #steemexclusive #penny4thoughts #burnsteem25

2 years ago in #metrics by remlaps-lite (76)

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lupega (70) 2 years ago

I will take the turned off as people's needs, let me explain, although it is true that many people leave when the price is not motivating, others continue working, we must also take into account that some people have no extra income and help themselves with what they earn here, I fully understand your work, it is information, I only want to focus on people and their needs, I hope you understand my point of view, it is not critical, I am nobody to judge, if a judge needs help to give his verdict, obviously I I just give my humble opinion nothing more

$0.05

4 votes

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steemibu351 (57) 2 years ago

The failure of banking sector in many aspects, crypto can shows us the ray of hope about finance. And steem is one who plays a vital role there.

$0.04

4 votes

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yas548 (60) 2 years ago

1 million SP is a pretty high stake. This figure is promising for the following weeks.

$0.03

4 votes

STEEM 0.22

TRX 0.26

JST 0.040

BTC 98648.57

ETH 3466.82

USDT 1.00

SBD 3.21

Steem Total Value Powered Up - $38 million - March 19, 2023

Noteworthy in the last week

Here are the numbers as-of a few minutes ago

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