Steem Total Value Powered Up - $41 million - August 7, 2022
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 5K, or 0%.
- Over the course of the week, we saw five daily increases and no new highs in number of STEEM powered up.
- The modeled value of powered-up STEEM gained ground against all comparison values, except for SBD. Changes ranged from -1% against SBD and 3/4% against ETH to +3% against BTC.
- In terms of all comparison values except for TRX, and USD, today's locked value is higher than the January 1, 2022 baseline.
- This week saw a total of 560K STEEM powered down, which is a decrease of 12% as compared to last week's 636K STEEM.
- We noticed this week that the pending powerdowns reported by SteemDB seem to be underreported by somewhere around 10-25% (or more), so I'm collecting pending powerdowns from the Steemit API now.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $41,244,205.14
STEEM market cap $103,467,470.03
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 587,214,789 | 809,173,538 | 72.57% |
| steem-dollars | $3.27 | 12,612,906 | 11,284,131 | 111.78% |
| bitcoin | $23,282.00 | 1,771 | 1,300 | 136.27% |
| ethereum | $1,712.31 | 24,086 | 16,501 | 145.97% |
| litecoin | $61.59 | 669,657 | 411,561 | 162.71% |
| steem | $0.26 | 157,114,796 | 142,930,214 | 109.92% |
| USD | $1.00 | 41,244,205 | 61,837,042 | 66.70% |
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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.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
With a weekly increase of about 5k, or 0%, the graph is basically flat for its 9th consecutive week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about 400K dollars, or about 1%. The value is still below the long-term mean, and holds above its recent low near $34 million. It also remains above the low of ~27 million from June 22, 2021.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM continued a multi-month advance against TRX with a gain of about 6 million TRX tokens or a little over 1%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 144K SBDs or 1%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still running basically flat for the last couple of months - aside from an anomalous spike on April 26. With today's observed value of 39.77%, we have now seen 125 consecutive days above 39%; 158 consecutive days above 38%; 189 consecutive days above 37%; 316 consecutive days above 35%; and 379 straight days above 1/3. Will it hold above 39%? Will it climb above 40%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Continuing a multi-month advance against BTC with this week's gains of about 54 BTC, or a bit over 3% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained back a bit ground by about 181 ETH, or about 3/4%.
Modeled value of powered-up STEEM in terms of LTC
Up by about 10K, or 1 1/2% for the second week in a row. Still running well above the historical average.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 560K in completed powerdowns last week and 477K pending (both measured from Sunday through Saturday), we can expect powerdowns to decline next week by about 15% or more. However, this does not include 237K in pending powerdowns that are booked for Sunday, August 14.
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.
As noted above, the "pending powerdown"number is coming from the Steemit API now, not from steemdb.io, because steemdb.io seems to be underreporting by a substantial margin. A side-effect from this change is that we can now see ahead into the 8th day.
Here are some descriptive statistics for the numbers geeks:
And with a total of 961 pending power downs, here are the times, dates, and amounts of the top-10:
1 2022-08-14T16:01:18 - 380662326 VESTS, 210774 STEEM
2 2022-08-13T01:20:18 - 128066726 VESTS, 70911 STEEM
3 2022-08-09T06:42:48 - 79143661 VESTS, 43822 STEEM
4 2022-08-12T05:27:54 - 36170961 VESTS, 20028 STEEM
5 2022-08-13T10:40:57 - 30812124 VESTS, 17061 STEEM
6 2022-08-08T20:46:30 - 30265957 VESTS, 16758 STEEM
7 2022-08-09T18:54:00 - 19939311 VESTS, 11040 STEEM
8 2022-08-08T14:20:15 - 15459444 VESTS, 8560 STEEM
9 2022-08-08T20:04:39 - 14322362 VESTS, 7930 STEEM
10 2022-08-13T09:13:36 - 12251304 VESTS, 6784 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $34 million - July 3, 2022
- Steem Total Value Powered Up - $37 million - July 10, 2022
- Steem Total Value Powered Up - $36 million - July 17, 2022
- Steem Total Value Powered Up - $38 million - July 24, 2022
- Steem Total Value Powered Up - $41 million - July 31, 2022
- Steem Total Value Powered Up - $41 million - August 7, 2022
For links from 2021 and the first half of 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 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.
This coincides with my queries :-)
It is quite strange that the data at steemdb.io deviates so much:
Last week 481K were predicted there, but in fact it was 560K.
It's a pity that the decline in powerdowns may be interrupted next Sunday. We will see...
The price of SBD is what motivates me the most, it has always exceeded the price of STEEM, I have a goal and I am achieving it, I hope that the price of SBD helps me.
I wish you a happy start of the week
good information from you. But power downs are also high. I hope they are not dumped in the market.
Steem price has been stable in recent days. If this stability changes, the number of powerups will also change.