Steem Total Value Powered Up - $32 million - June 25, 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 322 thousand SP, or 0.18%.
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 20. (with a pending powerdown of more than 123K later today, the streak will probably end at 20.)
The modeled value of powered-up (staked) STEEM gained ground against all comparison values, except for BTC.
Changes ranged from -¹/₁₀% against BTC to +15 ¹/₂% against USD.
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 349K, which is an increase of about 9²/₅% from last week's 319K.
We saw 2,917 new accounts created - up from 2,623 last week.
Net migrations of account classifications showed 2 more orcas, 2 more dolphins, 11 fewer minnows, and 7 additional redfish.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $31,638,855.29
External STEEM market cap (coingecko) $78,588,128.06
Internal STEEM market cap (median_price * current_supply) $77,844,900.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	431,664,578	445,758,870	96.84%
steem-dollars	$2.25	14,061,713	11,564,498	121.59%
bitcoin	$30,596.00	1,034	1,477	70.04%
ethereum	$1,891.67	16,725	20,406	81.96%
litecoin	$88.04	359,369	344,287	104.38%
steem	$0.18	176,134,451	166,882,703	105.54%
USD	$1.00	31,638,855	24,516,738	129.05%

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 2-3 weeks.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's downloaded value was 176,124,466, which is up by about 320K STEEM, or about ¹/₅% 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 under $33 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained about $4.4 million, slightly more than 15¹/₂% over last week's value.

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

Powered-up STEEM gained by about 44 million TRX tokens or a bit less than 11%.

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

Powered-up STEEM advanced by about 866K SBDs, a bit more than 6 ¹/₃%, during the last week.

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

With today's observed value of 40.39% the graph held above the 40% line again for the entire week. We have now seen 18 days above 40%; 447 consecutive days above 39%; 511 consecutive days above 37%; 638 consecutive days above 35%; and 701 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 1 BTC, or roughly ¹/₁₀%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM advanced in the last seven days by about 832 ETH, or a little over 5%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM advanced against LTC by about 5,700 LTC, which is a little more than 1 ¹/₂%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 349K in completed powerdowns last week and 480K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 37 ¹/₂% 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 1,287 pending power downs (up from 1,158 last week), here are the times, dates, and amounts of the top-10

1 2023-06-25T22:40:18 - 217,454,819 VESTS, 123,525 STEEM
2 2023-06-28T00:15:18 - 76,398,829 VESTS, 43,398 STEEM
3 2023-06-27T12:20:33 - 47,829,863 VESTS, 27,170 STEEM
4 2023-06-30T16:03:54 - 42,895,933 VESTS, 24,367 STEEM
5 2023-07-01T02:36:12 - 22,043,053 VESTS, 12,522 STEEM
6 2023-06-30T16:32:42 - 22,008,463 VESTS, 12,502 STEEM
7 2023-06-27T02:02:09 - 21,994,546 VESTS, 12,494 STEEM
8 2023-06-26T10:42:45 - 19,074,325 VESTS, 10,835 STEEM
9 2023-06-30T02:13:54 - 16,837,768 VESTS, 9,565 STEEM
10 2023-06-29T12:50:03 - 16,331,963 VESTS, 9,277 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) last year

I see many users doing POWER UP, including some contests to encourage users to do it, then users realize the advantage of doing it and keep doing it

$0.07

4 votes

[-]

strawberrry (71) last year

steem an amazing coin. It has really fallen twice against bitcoin since the beginning of the year, but it has grown slightly against the dollar, according to my observations. Relativity is interesting however)

$0.05

4 votes

[-]

yas548 (60) last year

Thanks for the analysis. I like the amount of power ups this week. There is a significant increase compared to the previous weeks.

$0.04

4 votes

[-]

shohana1 (77) last year

Powering up indeed a good practice and I'm glad that I also powering up for more than 18 months long and I'll keep continue powering up until the bad need of money knock my door. You get this data and sharing it regularly that's pretty impressive.

$0.04

4 votes

[-]

shohana1 (77) last year

Developers are wonder men because I don't know how to collect these data as you share this here in this report post. You’ve added a lots of information like power up records of steem and more. Thank you so much for these data sharing.

$0.00

3 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 - $32 million - June 25, 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.