Steem Total Value Powered Up - $36 million - April 2, 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 600 thousand SP, or 0.35%.
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 SBD and LTC; it lost ground against USD and TRX, and it was unchanged against BTC.
Changes ranged from -2% against TRX to +5¹/₂% against SBD.
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 426K, which is a decline of almost 17% from last week's 511K.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $36,202,663.22
External STEEM market cap (coingecko) $90,331,774.54
Internal STEEM market cap (median_price * current_supply) $91,303,800.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	552,299,245	445,758,870	123.90%
steem-dollars	$2.87	12,614,168	11,564,498	109.08%
bitcoin	$28,142.00	1,286	1,477	87.10%
ethereum	$1,792.96	20,191	20,406	98.95%
litecoin	$91.77	394,493	344,287	114.58%
steem	$0.21	172,653,437	166,882,703	103.46%
USD	$1.00	36,202,663	24,516,738	147.66%

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. The 28 day moving average has peeled away from the 0 line for the first time in a while, and it's running near 100K per day.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's observed value was 172,643,874, which is up by about 600K STEEM, or about ¹/₃% from last week's observed value. The graph shows a gentle upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value - above $36 million - remains higher than the December 30, 2022 low of $23,718,335.58. It dropped by about $300K, about ⁴/₅% from last week's value.

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

Powered-up STEEM sank against TRX by about 11 million tokens or roughly 2%.

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

Powered-up STEEM gained ground by about 660K SBDs over the last week, which is a bit under 5 ¹/₂%.

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

After today's observed value of 40.11% the graph is showing a slight upslope. We have now seen 9 consecutive days above 40%, 363 consecutive days above 39%; 427 consecutive days above 37%; 554 consecutive days above 35%; and 617 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 unchanged at 1279 BTC.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground in the last seven days by 500 ETH, or a bit under 2 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 17K LTC, which is about 4 ¹/₃%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 427K in completed powerdowns last week and 529K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 24% 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 937 pending power downs (down from 980 last week), here are the times, dates, and amounts of the top-10

1 2023-04-03T01:18:06 - 265,032,941 VESTS, 149,585 STEEM
2 2023-04-03T17:02:48 - 70,295,446 VESTS, 39,675 STEEM
3 2023-04-09T15:05:45 - 52,043,392 VESTS, 29,373 STEEM
4 2023-04-09T09:01:15 - 42,912,895 VESTS, 24,220 STEEM
5 2023-04-08T15:11:21 - 27,495,107 VESTS, 15,518 STEEM
6 2023-04-06T02:37:48 - 24,094,750 VESTS, 13,599 STEEM
7 2023-04-08T06:29:15 - 17,902,372 VESTS, 10,104 STEEM
8 2023-04-06T00:51:36 - 14,801,769 VESTS, 8,354 STEEM
9 2023-04-04T16:36:33 - 12,001,365 VESTS, 6,774 STEEM
10 2023-04-08T16:43:27 - 10,638,337 VESTS, 6,004 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.

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yas548 (60) · 2 years ago

Thanks for the analysis. The amount of steem power this week is pretty good.

$0.04

4 votes

strawberrry (71) · 2 years ago

I care why the coin TRX it started charging late again. I am glad that people are turning on their power more and more. I myself this week made a promotion to 51.004 STEEM that's all I had in my wallet. Received strong support for further growth!

steemibu351 (57) · 2 years ago

Price of steem changes over time with others coin except btc. Why it is almost same against btc over a course of time????

Steem Total Value Powered Up - $36 million - April 2, 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.