Weekly report: How much STEEM is stored on the exchanges? - March 28, 2019

in steem •  6 months ago 

The charts below show how much STEEM is stored on each exchange where STEEM is listed.

Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!

STEEM stored on all exchanges

STEEM stored on Bittrex

STEEM stored on Binance

STEEM stored on Poloniex

STEEM stored on Bithumb

STEEM stored on Huobi

STEEM stored on Upbit

STEEM stored on Openledger

STEEM stored on Gopax

How much STEEM is currently stored on each exchange?

ExchangeBalanceLast weekChange
Bittrex37,500,307 STEEM39,735,934 STEEM-5.6%
Binance15,417,125 STEEM17,365,314 STEEM-11.2%
Poloniex9,686,260 STEEM9,654,307 STEEM+0.3%
Bithumb9,860,033 STEEM8,582,295 STEEM+14.9%
Huobi6,424,582 STEEM6,781,791 STEEM-5.3%
Upbit4,065,335 STEEM2,298,123 STEEM+76.9%
Openledger509,679 STEEM509,240 STEEM+0.1%
Gopax250,159 STEEM265,834 STEEM-5.9%

Total amount of STEEM stored on all exchanges: 82,487,828 STEEM
Total STEEM supply: 305,632,707 STEEM
Liquid STEEM: 106,807,930 STEEM

  • 27.0% of the total supply is stored on the exchanges.
  • 77.2% of all liquid STEEM is stored on the exchanges.

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This is helpful

A small dip in liquid Steem on exchanges finally! Could mean that more are getting powered up which is great for the ecosystem!

This explained a lot of things. Thank you for your work here and on Steem Now -- for new people like me who LOVE data, this is all key info that helps us understand what is going on with the money side of the work!

One other thing to note is that exchanger accounts on Steem tend not to be vested, hence all that STEEM is not being used in the economy. Indeed, it is one major reason that an upvote is currently worth some 22% APR compared to the sub-9% inflation rate.

Do you, @penguinpablo, know if there is any agreement that an exchange remains passive with its holdings?

Also worth noting that STEEM is never actually held on an exchange; it is held in the exchange's Steem account. This hasn't stopped trading problems from some exchanges but it does mean that coin distribution could be done within Steem rather than on an exchange's platform.