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RE: Steem Total Value Powered Up - $41 million - July 31, 2022
Since April/May 2022, there has been very little fluctuation in the daily changes. I currently have the feeling that there is not much movement on the BC at the moment. I would blame it on the summer (at least that's why it's a bit quieter for me), but that's only in the northern hemisphere and it was also different last year.
So it's probably due to the low exchange rate. But I fear the reasons are much more complex...
It's good to see that the power down will decrease significantly next week. Even if the powerdown still exceeds the powerup.
I agree. With the high powerdowns in the last 8 weeks, I'm even a little surprised that STEEM held up as well as it did against other cryptocurrencies, so I think the reduction in powerdowns is a good sign. Also, if I understand the price feed right, I believe that some SBD printing will resume in about 6 or 7 hours. With the clubs, maybe we'll even start seeing more powerup activity after that happens. (and maybe some other people will start experimenting with /promoted ;-).
My big question in this report is how to explain the 636K in completed powerdowns. Last week's post showed 556K pending. I get those numbers from steemdb.io, and they run from Sunday through Saturday when I post on Sunday, so no one should have been able to start new powerdowns in the relevant timeframe after I posted. I'm puzzled how 556K pending turned into 636K completed. I suppose I could've had a typo last week, but I'm usually pretty careful about that number.
Part of it is probably due to inflation in the conversion from VESTS to SP, but I don't think that's enough to account for the whole gap. Anyway, something to keep an eye on for next week.
I almost think that the steemdb.io data are incorrect.
When I retrieve the powerdowns via steemchillers API (Request), I get for the next 7 days:
steemdb.io shows for the same period:
I won't make it today, but maybe I can look into this a little more. May be you write a script to analyze the response before i can do it ;-)
You were absolutely right! :-) 2 % SBD are printed again... For now! :-)