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 |
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- 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 |
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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% |
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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. 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 |
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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
Previous posts
- Steem Total Value Powered Up - $37 million - May 7, 2023
- Steem Total Value Powered Up - $38 million - April 30, 2023
- Steem Total Value Powered Up - $38 million - April 23, 2023
- Steem Total Value Powered Up - $41 million - April 16, 2023
- Steem Total Value Powered Up - $38 million - April 9, 2023
- Steem Total Value Powered Up - $36 million - April 2, 2023
- Steem Total Value Powered Up - $37 million - March 26, 2023
- Steem Total Value Powered Up - $38 million - March 19, 2023
- Steem Total Value Powered Up - $31 million - March 12, 2023
- Steem Total Value Powered Up - $37 million - March 5, 2023
- Steem Total Value Powered Up - $41 million - February 26, 2023
- Steem Total Value Powered Up - $40 million - February 19, 2023
- Steem Total Value Powered Up - $38 million - February 12, 2023
- Steem Total Value Powered Up - $36 million - February 5, 2023
- Steem Total Value Powered Up - $35 million - January 29, 2023
- Steem Total Value Powered Up - $33 million - January 22, 2023
- Steem Total Value Powered Up - $30 million - January 15, 2023
- Steem Total Value Powered Up - $25 million - January 8, 2023
- Steem Total Value Powered Up - $24 million - January 1, 2023
For links from 2021 and 2022, see these posts:
- 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.
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
This week's increase is better than last week. We should stake more steem, burn more steem.
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.