Steem Total Value Powered Up - $37 million - May 7, 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 173 thousand SP, or 0.10%.
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 gained ground against all comparison values, except for ETH and TRX.
Changes ranged from -3% against TRX to +7 ¹/₂% 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 480K, which is a decrease of about 11% from last week's 533K.
We saw 2,331 new accounts created, with net migrations of three additional dolphin accounts, nine fewer minnow accounts, and six additional redfish.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $36,782,441.72
External STEEM market cap (coingecko) $93,288,526.89
Internal STEEM market cap (median_price * current_supply) $91,021,200.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	522,656,043	445,758,870	117.25%
steem-dollars	$2.58	14,256,760	11,564,498	123.28%
bitcoin	$28,985.00	1,269	1,477	85.95%
ethereum	$1,920.04	19,157	20,406	93.88%
litecoin	$84.02	437,781	344,287	127.16%
steem	$0.21	173,582,324	166,882,703	104.01%
USD	$1.00	36,782,442	24,516,738	150.03%

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

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. The 28-day average has continued drifting back towards the zero line.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's downloaded value was 173,579,699, which is up by about 173K STEEM, or about ¹/₁₀% from last week's observed value. The graph has remained almost flat, with a barely perceptible upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - slightly over $37 million - remains higher than the December 30, 2022 low of $23,718,335.58. It increased by about $100K - or ¹/₄% from last week's value.

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

Powered-up STEEM moved lower against TRX by about 18 million tokens or roughly 3%.

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

Powered-up STEEM gained ground by about 307K 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 40.05% the graph remained just a hair above the 40% line for the entire week. We have now seen 7 straight days above 40%; 398 consecutive days above 39%; 462 consecutive days above 37%; 589 consecutive days above 35%; and 652 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 advanced by about 16 BTC, or roughly 1 ¹/₄%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM declined in the last seven days by 134 ETH, or a little under ³/₄%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM moved up against LTC by about 31K LTC, which is almost 7 ¹/₂%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 480K in completed powerdowns last week and 655K 855K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 37 78% 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 951 pending power downs (down from 1,022 last week), here are the times, dates, and amounts of the top-10

1 2023-05-13T21:31:33 - 441,785,643 VESTS, 250,015 STEEM
2 2023-05-07T22:34:24 - 305,481,958 VESTS, 172,878 STEEM
3 2023-05-12T07:29:54 - 89,575,007 VESTS, 50,692 STEEM
4 2023-05-11T21:27:09 - 59,348,326 VESTS, 33,586 STEEM
5 2023-05-11T21:27:57 - 41,651,353 VESTS, 23,571 STEEM
6 2023-05-07T23:25:54 - 28,317,586 VESTS, 16,025 STEEM
7 2023-05-10T07:44:27 - 25,096,635 VESTS, 14,203 STEEM
8 2023-05-09T04:15:00 - 22,296,760 VESTS, 12,618 STEEM
9 2023-05-11T19:47:39 - 22,128,501 VESTS, 12,523 STEEM
10 2023-05-09T10:36:54 - 22,108,652 VESTS, 12,512 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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lupega (70) · 2 years ago

The king BTC has had volatility this week, dragging down the other cryptocurrencies, including steem, the price of BTC is speculated and it is said that it is going down, so we will have to wait for the same with the other cryptocurrencies, it will be an opportunity to buy.
I wish you a happy day

$0.15

4 votes

yas548 (60) · 2 years ago

This week's increase is better than last week. We should stake more steem, burn more steem.

$0.04

strawberrry (71) · 2 years ago

Thank you for such a detailed report. Price steem somewhere it rose, somewhere it fell in relation to other coins. But in general, it remains at the same stable level. It pleases that there is a demand in the coin. And of course we are waiting for an increase in its cost.

Steem Total Value Powered Up - $37 million - May 7, 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.