Steem Total Value Powered Up - $30 million - December 11, 2022

in #metrics2 years ago (edited)

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

  • Week over week, the number of powered up STEEM decreased by about 370K SP, or 0.22%.
  • Over the course of the week, we saw two daily increases and no new highs in the number of staked STEEM.
  • The modeled value gained ground against USD, BTC, and ETH. It lost ground against TRX, SBD, and LTC. Changes ranged from -1% against SBD to +1% against USD.
  • The modeled value remains above its January 1 baseline for SBD, BTC, and ETH. It is now below its January 1 baseline in terms of TRX, USD, and LTC.
  • This week (Sunday through Saturday) saw a total of 973K STEEM powered down, which is down by almost 3% from last week's ~1 million STEEM (Sunday through Saturday).


Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $30,031,348.58
Exernal STEEM market cap (coingecko) $76,239,478.16
Internal STEEM market cap (median_price * current_supply) $73,812,000.00

Locked value in terms of other tokens:

tokenpricelocked value equivalentJan 1, 2022pct of Jan 1 baseline
tron$0.05553,053,324809,173,53868.35%
steem-dollars$2.2613,288,20711,284,131117.76%
bitcoin$17,185.871,7471,300134.42%
ethereum$1,275.6123,54216,501142.67%
litecoin$78.06384,721411,56193.48%
steem$0.18166,221,190142,930,214116.29%
USD$1.0030,031,34961,837,04248.57%

And here are the charts, based on data collected daily since April 10, 2021.

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.

Vested STEEM daily changes through December 11, 2022

Here are some descriptive statistics, for numbers geeks.

Vested STEEM daily changes through December 11, 2022, descriptive statistics

VESTED STEEM

Today's observed value was 166,217,315, which is down by ~370K, or 1/5% from last week's observed value. The graph trends down slightly for the week.

Vested STEEM through December 11, 2022

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly increase of about $300 million thousand or a bit over 1%.

Modeled value of powered-up STEEM in terms of USD: December 11, 2022

Modeled value of powered-up STEEM in terms of Tron (TRX)

Powered-up STEEM lost ground by about 5 million tokens against TRX or 9/10%.

Modeled value for powered-up STEEM in terms of TRX: December 11, 2022

Modeled value of powered-up STEEM in terms of Steem Dollars

Down by nearly 155K SBDs or a bit over 1%

Modeled value for powered-up STEEM in terms of SBD: December 11, 2022

Modeled value of powered-up STEEM as a percentage of Steem's market cap

After today's observed value of 39.46% the graph was basically flat for the week. We have now seen 251 consecutive days above 39%; 315 consecutive days above 37%; 442 consecutive days above 35%; and 505 straight days above 1/3. Will it hold above 39? Will it climb to 40%?

Modeled value of powered-up STEEM as a percentage of market cap: December 11, 2022

*As previously reported, the big drop on December 4 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4 were based on an artificially low supply measurement.

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

Up by about 12 BTC, or 7/10% during the week.

Modeled value of powerd-up STEM in terms of BTC: December 11, 2022

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained ground by about 182 ETH, or roughly 4/5%.

Modeled value of powered-up STEEM in terms of ETH: December 11, 2022

Modeled value of powered-up STEEM in terms of LTC

Powered-up STEEM lost ground by about 1,800 LTC, or about 1/2%.

Modeled value of powered-up STEM in terms of LTC: December 11, 2022

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 973K in completed powerdowns last week and 941K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to decrease next week by about 3% or more.

Steem blockchain, Daily powerdown totals through December 11, 2022

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

Steem blockchain - descriptive powerdown stats, week ending December 11

And with a total of 1,017 pending power downs (down from 1,115 last week), here are the times, dates, and amounts of the top-10

1 2022-12-17T11:47:00 - 422,089,188 VESTS, 236,127 STEEM
2 2022-12-16T07:50:09 - 195,598,627 VESTS, 109,423 STEEM
3 2022-12-15T16:25:36 - 179,100,041 VESTS, 100,193 STEEM
4 2022-12-17T12:47:33 - 108,747,961 VESTS, 60,836 STEEM
5 2022-12-18T15:05:03 - 101,339,676 VESTS, 56,692 STEEM
6 2022-12-12T13:12:27 - 56,494,157 VESTS, 31,604 STEEM
7 2022-12-15T08:39:36 - 44,844,175 VESTS, 25,087 STEEM
8 2022-12-14T13:11:45 - 26,852,449 VESTS, 15,022 STEEM
9 2022-12-13T10:38:00 - 25,050,521 VESTS, 14,014 STEEM
10 2022-12-13T00:11:51 - 22,379,789 VESTS, 12,520 STEEM

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
For links from 2021 and the first half of 2022, see these posts:

image.png

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.

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I like your simulated steem cost as a percentage))) Thank you for the excellent report

That's my favorite. I think it's the one that best reflects investor confidence in the blockchain.

I wonder why Tron (TRX) has stopped charging. Apparently some indefinable obstacles arose on enrollment.

I think they're working on it

Our apologies for the TRX rewards not currently showing in the wallet.

The Engineering Team are working on fixing this as soon as possible.

There will be no loss of TRX rewards while the fix is being worked on. Once fixed all missed TRX will be added to the wallets. There will be no loss of TRX for anyone.

Thank you very much! I missed these messages!

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I wish you an excellent day

This week's boost is pretty good. It would be great if we could increase the buff more

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