This is a historical graph of both Total STEEM and Liquid STEEM supply
(Note) There are two different scales on this graph. For full scale, see graph below.
Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)
- When STEEM is liquid, it can be readily sold and purchased.
- When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.
This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP
I created these charts with data that I collected over the last few months.
Why are these graphs important?
STEEM is created at a high rate. Currently 8.53% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.
I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.
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For a breakdown of how Steemit Rewards system works:
https://steemit.com/steemit/@socky/simple-steemit-rewards-breakdown-how-it-works-since-hf20
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-keys
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
How to improve STEEM payment system:
Quite informative, thank you for this. So by the graph,both seem to be rising?
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Yes both are rising, but I would like to see the liquid steem falling. While people are actually investing in steem, a falling liquid steem quantity would indicate that more people are investing in steem faster than it is created.
A low STEEM price and increasing liquid steem would be great for new investors.
Rising steem prices and reduction of liquid steem would be great for existing investors.
Right now it is great for new investors.
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Looks pretty good overall. Thanks for the information. We all want to see steem succeed :)
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Thanks, I think STEEM is still way undervalued.
We have 3 second transfers for both STEEM and SBD. The transfers are also free.
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