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 180 thousand SP, or 0.1%.
- Over the course of the week, we saw five daily increases and four new highs in the number of staked STEEM.
- The modeled value of powered-up (staked) STEEM lost ground against all comparison tokens, except for BTC and TRX.
- Changes ranged from -31/2% against LTC to +1% against TRX.
- 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 441K, which is a decline of about 18% from last week's 536K.
- We saw 1,675 new accounts created - down from 3,286 last week.
- Net migrations of account classifications showed 4 more dolphins, 6 fewer minnows, and 2 more redfish.
- It might be interesting to watch the LTC model in coming weeks, since the next halving is expected on Wednesday.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $33,144,198.40
External STEEM market cap (coingecko) $82,407,962.46
Internal STEEM market cap (median_price * current_supply) $81,859,600.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.08 | 407,883,414 | 445,758,870 | 91.50% |
| steem-dollars | $2.33 | 14,224,977 | 11,564,498 | 123.01% |
| bitcoin | $29,354.00 | 1,129 | 1,477 | 76.47% |
| ethereum | $1,876.01 | 17,667 | 20,406 | 86.58% |
| litecoin | $95.20 | 348,153 | 344,287 | 101.12% |
| steem | $0.19 | 177,013,573 | 166,882,703 | 106.07% |
| USD | $1.00 | 33,144,198 | 24,516,738 | 135.19% |
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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..
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's downloaded value was 177,004,186, which was up by about 184K STEEM, or about 0.1% over last week's observed value. The long-term upslope remains just barely perceptible in the graph.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, today's value at download time - about 331/2 million - remains higher than the December 30, 2022 low of $23,718,335.58. It was basically flat during the week.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM reversed course again with a 41/4 million gain against TRX or a bit over 1%. This value is currently about 28 million above the June 15 low of 384,259,742.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM declined by about 16K SBDs, roughly 1/10%, during the last week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
With today's observed value of 40.20% the graph basically flat for the week. We have now seen 16 days above 40%; 482 consecutive days above 39%; 546 consecutive days above 37%; 673 consecutive days above 35%; and 736 straight days above 1/3. The graph shows a bit of noise in recent weeks, and has an almost imperceptible upslope during recent months.
*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 advanced for the second week in a row, this time by about 6 BTC, or 1/2%.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM lost ground against ETH in the last seven days, this week's decline was about 260 ETH, or a bit less than 11/2%.
Modeled value of powered-up STEEM in terms of LTC
The weekly change for powered-up STEEM against LTC was a decrease of about 13K LTC, or 31/2%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks. Some observers are anticipating a decline in the price of LTC, but others are looking for an increase
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 441K in completed powerdowns last week and 610K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 68% 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 930 pending power downs (down from 1,020 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-07-31T22:18:42 - 243,428,901 VESTS, 138,647 STEEM
2 2023-07-30T22:40:33 - 94,600,104 VESTS, 53,880 STEEM
3 2023-08-01T22:45:33 - 61,565,834 VESTS, 35,065 STEEM
4 2023-08-06T09:48:57 - 59,432,521 VESTS, 33,850 STEEM
5 2023-08-04T21:29:09 - 57,260,474 VESTS, 32,613 STEEM
6 2023-08-04T21:28:18 - 50,833,447 VESTS, 28,953 STEEM
7 2023-08-05T10:15:18 - 50,306,881 VESTS, 28,653 STEEM
8 2023-08-01T14:42:12 - 44,967,992 VESTS, 25,612 STEEM
9 2023-07-30T22:01:24 - 35,170,189 VESTS, 20,031 STEEM
10 2023-08-02T06:44:45 - 29,491,248 VESTS, 16,797 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- 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.
Many POWER UP users have possibly realized the advantages that doing it provides, this is a win/win in my opinion, we all win
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Thanks for the analysis. The amount of power up is fine for this period. There are times when it is better, but I think 180 k power up is good.
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1675 new account created and it seems to me huge. This is always good to see we all are powering up together and hope this will bring some positive change to the value or price of steem. Thanks for sharing all these information with helpful explanation. Love to follow your work.
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