Steem Total Value Powered Up - $40 million - February 19, 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 569K SP, or 0.34%.
• 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 USD and LTC, but it lost ground against all other comparison tokens. Changes ranged from -6.35% against SBD to +3.98% against USD.
• 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 698K STEEM powered down, which is up by about 39.6% from last week's 500K STEEM (Sunday through Saturday).
• This marked the 7th 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): $39,848,481.72
External STEEM market cap (coingecko) $100,789,131.95
Internal STEEM market cap (median_price * current_supply) $100,853,000.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	563,787,234	445,758,870	126.48%
steem-dollars	$3.11	12,813,016	11,564,498	110.80%
bitcoin	$24,534.00	1,624	1,477	109.99%
ethereum	$1,684.84	23,651	20,406	115.90%
litecoin	$97.84	407,282	344,287	118.30%
steem	$0.24	168,880,269	166,882,703	101.20%
USD	$1.00	39,848,482	24,516,738	162.54%

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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 168,875,641, which is up by about 569K STEEM, or about ¹/₃% 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 almost $40 million remained above the December 30, 2022 low of $23,718,335.58 and advanced by another $1 ¹/₂ million - 4% -- over last week's value. This was the seventh consecutive weekly increase.

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

Powered-up STEEM declined against TRX by nearly 23 million tokens or close to 4%.

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

Powered-up STEEM decreased by about 860K SBDs over the last week, which is a bit over 6 ¹/₃%

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

After today's observed value of 39.50% the graph was basically flat for the past eleven weeks. We have now seen 321 consecutive days above 39%; 385 consecutive days above 37%; 512 consecutive days above 35%; and 575 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 lost ground by about 110 BTC, or about 6 ¹/₃% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground in the last seven days by ~1,162 ETH, or almost 5%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM gained ground against LTC by about 300 LTC, less than ¹/₁₀%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 698K in completed powerdowns last week and 577K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to decrease next week by about 17% or more.

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 1,027 pending power downs (down from 1,035 last week), here are the times, dates, and amounts of the top-10

1 2023-02-24T18:24:00 - 433,231,858 VESTS, 243,716 STEEM
2 2023-02-26T15:05:06 - 338,443,418 VESTS, 190,392 STEEM
3 2023-02-21T13:01:15 - 120,039,242 VESTS, 67,528 STEEM
4 2023-02-25T03:32:24 - 35,874,306 VESTS, 20,181 STEEM
5 2023-02-24T01:10:30 - 26,634,740 VESTS, 14,983 STEEM
6 2023-02-25T18:12:51 - 25,674,195 VESTS, 14,443 STEEM
7 2023-02-26T12:00:42 - 23,757,942 VESTS, 13,365 STEEM
8 2023-02-23T10:34:12 - 22,858,150 VESTS, 12,859 STEEM
9 2023-02-26T10:27:57 - 17,413,691 VESTS, 9,796 STEEM
10 2023-02-26T16:17:15 - 13,748,936 VESTS, 7,735 STEEM

Notes

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

Previous posts

• 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

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