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RE: Steem Total Value Powered Up - $41 million - July 31, 2022

in #metrics2 years ago

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.

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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:

VESTSSTEEM
~992,280,621~529,309

steemdb.io shows for the same period:

VESTSSTEEM
~792,115,649~438,378

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 ;-)

Also, if I understand the price feed right, I believe that some SBD printing will resume in about 6 or 7 hours.

You were absolutely right! :-) 2 % SBD are printed again... For now! :-)

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