Delegations: measuring and tracking
It’s been more than a year since delegations started on Steem. There are 17.572 accounts that delegated Steem Power (delegators) and 867.578 accounts that received Steem Power (delegatees) since then. The total amount delegated at this moment stands at 126.6 billion VESTS and this represents 32.6% of the total VESTS supply.
The chart below shows the explosive growth of delegations. With it came a lot of controversies because it changed the incentives to curation and posting on the platform, as we will discuss in a future post. But, before that, we will dig into the details on how to collect the aggregated blockchain data and the associated calculations needed to put numbers into this complex discussion.