Steem Total Value Powered Up - $38 million - April 23, 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 151 thousand SP, or 0.09%.
- Over the course of the week, we saw six daily increases and six new highs in the number of staked STEEM.
- The modeled value of powered-up (staked) STEEM gained ground against BTC, ETH, and LTC. It lost ground against USD, SBD, and TRX.
- Changes ranged from -8% against TRX to +5% against LTC.
- Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens, except for BTC and ETH.
- This week's completed powerdowns were reported at 447K, which is an increase of almost 20% from last week's 373K.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $37,660,396.86
External STEEM market cap (coingecko) $93,970,158.14
Internal STEEM market cap (median_price * current_supply) $95,545,200.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 566,015,342 | 445,758,870 | 126.98% |
| steem-dollars | $2.68 | 14,052,386 | 11,564,498 | 121.51% |
| bitcoin | $27,503.00 | 1,369 | 1,477 | 92.72% |
| ethereum | $1,860.71 | 20,239 | 20,406 | 99.18% |
| litecoin | $85.86 | 438,625 | 344,287 | 127.40% |
| steem | $0.22 | 173,250,022 | 166,882,703 | 103.82% |
| USD | $1.00 | 37,660,397 | 24,516,738 | 153.61% |
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Updated slide for April 23: Added weekly changes & numbers of new accounts
This new slide (April 16) takes its data from the SDS getVestingStats API call, provided by @steemchiller
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. The 28-day average has continued drifting back towards the zero line.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's observed value was 173,277,296, which is up by about 151K STEEM, or about 1/10% from last week's observed value. The graph continues to show a gentle upslope.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value - a bit over $38 million - remains higher than the December 30, 2022 low of $23,718,335.58. It declined by about $3 million - or 7 1/3% from last week's value.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM lost against TRX by about 49 million tokens or nearly 8%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM lost ground by about 320K SBDs over the last week, which is about 2 1/5%.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 39.90% the graph continued to straddle the 40% line for the second consecutive week. We have now seen 384 consecutive days above 39%; 448 consecutive days above 37%; 575 consecutive days above 35%; and 638 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 was up by about 22 BTC, or almost 1 3/5%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained ground in the last seven days by 674 ETH, or about 3 1/2%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM gained against LTC by about 22K LTC, which is about 5%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 447K in completed powerdowns last week and 535K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 20% 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 1,041 pending power downs (up from 1,010 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-04-28T07:29:54 - 89,575,007 VESTS, 50,638 STEEM
2 2023-04-27T21:27:09 - 59,348,326 VESTS, 33,550 STEEM
3 2023-04-27T21:27:57 - 41,651,353 VESTS, 23,546 STEEM
4 2023-04-27T17:14:30 - 41,052,388 VESTS, 23,207 STEEM
5 2023-04-30T15:06:30 - 40,603,051 VESTS, 22,953 STEEM
6 2023-04-23T23:42:24 - 31,021,084 VESTS, 17,537 STEEM
7 2023-04-23T23:25:54 - 28,317,586 VESTS, 16,008 STEEM
8 2023-04-26T07:44:27 - 25,096,635 VESTS, 14,187 STEEM
9 2023-04-25T04:15:00 - 22,296,760 VESTS, 12,605 STEEM
10 2023-04-27T19:47:39 - 22,128,501 VESTS, 12,509 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $38 million - April 23, 2023
- Steem Total Value Powered Up - $41 million - April 16, 2023
- Steem Total Value Powered Up - $38 million - April 9, 2023
- Steem Total Value Powered Up - $36 million - April 2, 2023
- Steem Total Value Powered Up - $37 million - March 26, 2023
- Steem Total Value Powered Up - $38 million - March 19, 2023
- Steem Total Value Powered Up - $31 million - March 12, 2023
- Steem Total Value Powered Up - $37 million - March 5, 2023
- Steem Total Value Powered Up - $41 million - February 26, 2023
- Steem Total Value Powered Up - $40 million - February 19, 2023
- Steem Total Value Powered Up - $38 million - February 12, 2023
- Steem Total Value Powered Up - $36 million - February 5, 2023
- Steem Total Value Powered Up - $35 million - January 29, 2023
- Steem Total Value Powered Up - $33 million - January 22, 2023
- Steem Total Value Powered Up - $30 million - January 15, 2023
- Steem Total Value Powered Up - $25 million - January 8, 2023
- Steem Total Value Powered Up - $24 million - January 1, 2023
For links from 2021 and 2022, see these posts:
- 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.
Thanks for the analysis. It seems like there is a decrease in the number of power ups this week. People move in the direction of the trend. In fact, it is best to proceed without looking at the price.
I am one of those who does POWER UP, some people already have it as essential every week, but it is respectable to see that others do not and it is reflected in the graph.
Everything is respectable in this life, it's my opinion, and each individual decides what to do or not, obviously everything has a reason for being, nothing is random, well I already took the rhetoric of today :)