Steem Total Value Powered Up - $29 million - August 20, 2023
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 |
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- Week over week, the number of powered up STEEM increased by about 129 thousand SP, or 0.07%.
- Over the course of the week, we saw five daily increases and three new highs in the number of staked STEEM. The current streak of daily new highs stands at three.
- The modeled value of powered-up (staked) STEEM lost ground against all comparison tokens, except for LTC.
- Changes ranged from -12% against USD to +12% against LTC.
- 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 512K, which is a decrease of about 14% from last week's 597K.
- We saw 3,081 new accounts created - up from 2,705 last week.
- Net migrations of account classifications showed 12 fewer dolphins, 2 more minnows, and 10 more redfish.
- Unusually high numbers of account creations were observed on Saturday and Sunday.
- The overall crypto market observed large declines this week, with BTC dropping by about 10% between Wednesday and Friday. The rest of the market followed suit.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $28,546,550.30
External STEEM market cap (coingecko) $71,246,587.41
Internal STEEM market cap (median_price * current_supply) $70,683,500.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.08 | 377,380,232 | 445,758,870 | 84.66% |
| steem-dollars | $2.17 | 13,155,092 | 11,564,498 | 113.75% |
| bitcoin | $26,065.00 | 1,095 | 1,477 | 74.17% |
| ethereum | $1,668.95 | 17,104 | 20,406 | 83.82% |
| litecoin | $64.42 | 443,131 | 344,287 | 128.71% |
| steem | $0.16 | 177,076,796 | 166,882,703 | 106.11% |
| USD | $1.00 | 28,546,550 | 24,516,738 | 116.44% |
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This slide (new after April 16, 2023) 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..
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's downloaded value was 177,070,832, which was up by about 129K STEEM, or slightly less than 1/10% from last week's observed value. The graph appears to have basically flattened out in recent weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value at download time - almost 29 million - remains higher than the December 30, 2022 low of $23,718,335.58. It declined by about $4 million, or 12%, during the week.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM declined by about 40 million against TRX or a bit under 91/2%. This value reached a new low of 380,067,856 on August 19 (Saturday). The new low isn't all bad news, however, since many authors and voters accumulate TRX rewards along with STEEM POWER.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM dropped by about 1 million SBDs, roughly 7%, during the last week. This movement closed much of the gap between the current value and the long-term mean.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
With today's observed value of 40.1% (for the second week in a row) the graph dipped below 40% on August 15, but was basically flat for another week. We have now seen 5 days above 40%; 503 consecutive days above 39%; 567 consecutive days above 37%; 694 consecutive days above 35%; and 757 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 declined by about 17 BTC, or 11/2%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM declined by about 543 ETH or 3% in the last seven days. The value stands about 3,000 ETH above its June, 2021 low.
Modeled value of powered-up STEEM in terms of LTC
The weekly change for powered-up STEEM against LTC was an increase of about 49K LTC, or almost 121/3%. After the August 2 halving event, the modeled value of powered-up STEEM is now at its highest value since April 7 and is getting closer to the long-term mean value.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 513K in completed powerdowns last week and 574 pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 12% 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 1,975 pending power downs (up from 1,922 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-08-20T22:40:51 - 138,560,274 VESTS, 79,044 STEEM
2 2023-08-21T00:51:21 - 62,066,131 VESTS, 35,406 STEEM
3 2023-08-22T22:45:33 - 61,565,834 VESTS, 35,121 STEEM
4 2023-08-23T23:38:33 - 60,883,160 VESTS, 34,732 STEEM
5 2023-08-27T09:48:57 - 59,432,521 VESTS, 33,904 STEEM
6 2023-08-21T11:02:33 - 32,725,534 VESTS, 18,669 STEEM
7 2023-08-25T20:54:39 - 30,274,734 VESTS, 17,271 STEEM
8 2023-08-23T06:44:45 - 29,491,248 VESTS, 16,824 STEEM
9 2023-08-23T06:44:15 - 22,497,669 VESTS, 12,834 STEEM
10 2023-08-21T04:29:51 - 22,119,402 VESTS, 12,618 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $29 million - August 20, 2023
- Steem Total Value Powered Up - $33 million - August 13, 2023
- Steem Total Value Powered Up - $32 million - August 6, 2023
- Steem Total Value Powered Up - $33 million - July 30, 2023
- Steem Total Value Powered Up - $34 million - July 23, 2023
- Steem Total Value Powered Up - $34 million - July 16, 2023
- Steem Total Value Powered Up - $32 million - July 9, 2023
- Steem Total Value Powered Up - $32 million - July 2, 2023
For links from 2021, 2022 and the first half of 2023, see these posts:
- Steem Total Value Powered Up - $32 million - June 25, 2023
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
- Steem Total Value Powered Up - $26 million - December 18, 2022
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.
12 dolphins less and a high power down rate... Why does this make me think of dolphinvotes?! If I have some time in the next few days, I'll try to find out who these 12 dolphins were... not that it matters, but it could be interesting :-)
It's tricky because those are just net totals.
The total number of accounts that left "dolphin" could actually be higher than 12, with offsetting incoming transitions from Orca, Minnow, or Redfish. They also could have left dolphin by going up to orca or down to minnow/redfish.
That's right. Unfortunately, we can only get the current state of the blockchain.
Yep. We could look at powerups and powerdowns in the last week, but that's more involved than I'd like.
Honestly crypto market right now frustrating for me but this power up activity looks like the light of hope, $29 million sounds really big and I just hope the market will bring good days soon. Last two weeks red candles in the market is scary! Thanks for sharing the data with details. Keep continue sharing!
Recently, the steem has been moving along a downward trending graph.Consecutive collapses are seen in crypto prices.I wish I could go back to the day when steem was worth $1+😇
Thanks for the analysis. This week's power up is pretty good compared to last week. I wish better power ups
The amount of POWER UP is quite good, I have contributed mine, if people realized the advantages of doing this they would not lose the opportunity to do it, maybe many know it, but not everyone can do it, this too you have to consider
Hello @remlaps-lite
We would like to invite you as a 'H4LAB RESEARCH' 2nd analyst.
If you post on our community(https://steemit.com/trending/hive-103599)
We'll vote to your article.
Please let me know if you agree.
just reply this comment.
Thank you😊
Thanks for the invitation! I didn't have time to check out the community and web site last week, but I'll try to look them over this week, and I'll get back to you.