Steem Total Value Powered Up - $38 million - February 12, 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

• Week over week, the number of powered up STEEM increased by about 267K SP, or 0.16%.
• 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 all comparison tokens for the second week in a row. Changes ranged from 2.72% against SBD to 11.86% against ETH.
• Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens.
• This week (Sunday through Saturday) saw a total of 500K STEEM powered down, which is up by about 14% from last week's 440K STEEM (Sunday through Saturday).
• This marked the 6th consecutive weekly increase in terms of the modeled USD value.

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Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $37,978,796.52
Exernal STEEM market cap (coingecko) $96,595,203.63
Internal STEEM market cap (median_price * current_supply) $90,477,100.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	583,266,217	445,758,870	130.85%
steem-dollars	$2.82	13,467,658	11,564,498	116.46%
bitcoin	$21,985.00	1,727	1,477	116.96%
ethereum	$1,540.80	24,648	20,406	120.79%
litecoin	$93.86	404,632	344,287	117.53%
steem	$0.23	168,306,935	166,882,703	100.85%
USD	$1.00	37,978,797	24,516,738	154.91%

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

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 observed value was 168,306,351, which is up by about 267K STEEM, or ¹/₆% from last week's observed value. The graph retains a slightly perceptible upslope, during recent weeks.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value of ~$38 million remained above the December 30, 2022 low of $23,718,335.58 and advanced by another $2 million - 6 ¹/₂% -- over last week's value. This was the sixth consecutive weekly increase.

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

Powered-up STEEM advanced against TRX by about 21 million tokens or almost 4%.

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

Powered-up STEEM increased by about 360K SBDs over the last week, which is a bit under 2 ³/₄%

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

After today's observed value of 39.66% the graph was basically flat for the past ten weeks. We have now seen 314 consecutive days above 39%; 378 consecutive days above 37%; 505 consecutive days above 35%; and 568 straight days above ¹/₃. Will it hold above 39? Will it climb to 40%?

^{*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 gained ground by about 170 BTC, or almost 11% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained ground in the last seven days by ~2,600 ETH, or almost 12%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM gained ground against LTC by about 31K LTC, or roughly 8 ¹/₄%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 500K in completed powerdowns last week and 647K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 30% 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 1,035 pending power downs (down from 1,053 last week), here are the times, dates, and amounts of the top-10

1 2023-02-17T18:24:00 - 433,231,858 VESTS, 243,579 STEEM
2 2023-02-17T17:35:51 - 85,992,982 VESTS, 48,348 STEEM
3 2023-02-19T15:05:12 - 59,981,260 VESTS, 33,724 STEEM
4 2023-02-15T17:12:00 - 44,504,253 VESTS, 25,022 STEEM
5 2023-02-18T03:32:24 - 35,874,306 VESTS, 20,170 STEEM
6 2023-02-13T23:34:18 - 33,488,361 VESTS, 18,828 STEEM
7 2023-02-18T18:12:51 - 25,674,195 VESTS, 14,435 STEEM
8 2023-02-16T10:11:48 - 24,948,755 VESTS, 14,027 STEEM
9 2023-02-16T10:34:12 - 22,858,150 VESTS, 12,852 STEEM
10 2023-02-19T16:17:15 - 13,748,936 VESTS, 7,730 STEEM

Notes

• Reference prices for STEEM and other tokens are downloaded from coingecko.com

Previous posts

• 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

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