Steem Total Value Powered Up - $28 million - June 18, 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 600 thousand SP, or 0.34%.
Over the course of the week, we saw seven daily increases and seven new highs in the number of staked STEEM. This brings the streak of daily new highs to 13.
The modeled value of powered-up (staked) STEEM gained ground against all comparison values, except for BTC and TRX.
Changes ranged from -1 ⁴/₅% against BTC to +1 ³/₅% against ETH.
Compared to the January 1, 2023 baseline, the modeled value has lost ground against BTC, ETH, and TRX. It has gained ground against LTC, SBD, and USD.
This week's completed powerdowns were reported at 319K, which is an increase of about 12% from last week's 284K.
We saw 2,623 new accounts created - up from 2,292 last week.
Net migrations of account classifications showed 3 more orcas, 4 fewer minnows, and 1 additional redfish.
Crypto-markets were surprised this week by an ETF filing from the major asset management firm, BlackRock.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $28,277,622.12
External STEEM market cap (coingecko) $70,106,960.14
Internal STEEM market cap (median_price * current_supply) $70,319,700.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	400,255,093	445,758,870	89.79%
steem-dollars	$2.07	13,660,687	11,564,498	118.13%
bitcoin	$26,531.00	1,065	1,477	72.14%
ethereum	$1,736.99	16,279	20,406	79.78%
litecoin	$77.47	365,013	344,287	106.02%
steem	$0.16	175,806,659	166,882,703	105.35%
USD	$1.00	28,277,622	24,516,738	115.34%

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

This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.

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. Noteworthy this week, the 28-day moving average has pulled away from the 0 line during the last week or so.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's downloaded value was 175,801,913, which is up by about 600K STEEM, or about ¹/₃% over last week's observed value. The graph continues to show a slight upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - a bit over $28 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained about $¹/₄ million or nearly 1% over last week's value.

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

Powered-up STEEM declined by about 2 ¹/₂ million TRX tokens or a bit less than ²/₃%. It hit a new low of 384,259,742 on Thursday (June 15), and regained a little ground after that.

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

Powered-up STEEM advanced by about 130K SBDs, approximately 1%, during the last week.

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

With today's observed value of 40.19% the graph held above the 40% line for the entire week. We have now seen 11 days above 40%; 440 consecutive days above 39%; 504 consecutive days above 37%; 631 consecutive days above 35%; and 694 straight days above ¹/₃. A barely perceptible upslope may be reemerging.

^{*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 declined by about 20 BTC, or a little under 2%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM advanced in the last seven days by about 253 ETH, or a little over 1 ¹/₂%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM advanced against LTC by about 4,000 LTC, which is a little more than 1%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 319K in completed powerdowns last week and 349K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 9 ²/₃% or less.

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 1,158 pending power downs (up from 1,091 last week), here are the times, dates, and amounts of the top-10

1 2023-06-21T00:15:18 - 76,398,829 VESTS, 43,375 STEEM
2 2023-06-18T22:40:06 - 47,602,844 VESTS, 27,026 STEEM
3 2023-06-23T16:03:54 - 42,895,933 VESTS, 24,354 STEEM
4 2023-06-23T12:44:03 - 38,787,328 VESTS, 22,021 STEEM
5 2023-06-24T02:36:12 - 22,043,053 VESTS, 12,515 STEEM
6 2023-06-20T02:02:09 - 21,994,546 VESTS, 12,487 STEEM
7 2023-06-19T10:42:45 - 19,074,325 VESTS, 10,829 STEEM
8 2023-06-23T02:13:54 - 16,837,768 VESTS, 9,560 STEEM
9 2023-06-22T12:50:03 - 16,331,963 VESTS, 9,272 STEEM
10 2023-06-22T20:18:30 - 15,864,029 VESTS, 9,007 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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strawberrry (71) 2 years ago

Looking at the cost steem in relation to bitcoin, I understand that now is the best time to buy a coin. In the long run, it will be able to give not bad dividends. Growth and prosperity to the coin!

$0.06

4 votes

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lupega (70) 2 years ago

This market has many ups and downs, but not like the red candle coming out of BTC, it reaches 100k on binance, obviously it was a mistake, I saw it and immediately I was going to sell, but I couldn't, and I think others didn't either, but I liked it Seeing this means that this value could reach more, I am very optimistic hahaha, well currently it has a good price and obviously drags the other cryptocurrencies Up and Down

$0.06

4 votes

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shohana1 (77) 2 years ago

yup the crypto market was surprising and most of the time it surprising and shocking to me. The recent red candle in crypto was shocking for many but best opportunity for investors. Thanks for sharing the analytical report of crypto status.

$0.00

2 votes

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yas548 (60) 2 years ago

I have been observing an increase in the amount of Steem power in the last days. This is pretty cool. We need this to further strengthen the network.

$0.00

2 votes

STEEM 0.21

TRX 0.25

JST 0.038

BTC 98320.57

ETH 3439.18

USDT 1.00

SBD 3.12

Steem Total Value Powered Up - $28 million - June 18, 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.

This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.