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.

Someone powered up a massive amount in the last 24 hours. If you know who that was, please leave a comment and let me know.

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 8.76% 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/steemit-rewards-breakdown-a-simplified-explanation-with-illustrations

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