Steem Total Value Powered Up - $24 million - November 13, 2022

remlaps-lite (76)in #metrics • 2 years ago

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. After the FTX meltdown, there's no sugar-coating this one....

Noteworthy in the last week

Week over week, the number of powered up STEEM increased by about 691K SP, or 0.4%.
Over the course of the week, we saw seven daily increases and seven new highs in the number of staked STEEM. The current streak of consecutive new highs stands at sixteen.
The modeled value lost ground against all comparison tokens. Changes ranged from -34% against USD to -13% against ETH.
In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
This week (Monday through Sunday) saw a total of 401K STEEM powered down, which is an increase of about 27% as compared to last week's 314K STEEM (Sunday through Saturday).
I wasn't able to write this report during the day, so the comparison to previous and future reports may be skewed since we're now into November 14 for the GMT time zone.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $24,275,090.87
Exernal STEEM market cap (coingecko) $57,447,026.50
Internal STEEM market cap (median_price * current_supply) $68,393,000.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.05	482,903,795	809,173,538	59.68%
steem-dollars	$1.77	13,714,740	11,284,131	121.54%
bitcoin	$16,189.52	1,499	1,300	115.35%
ethereum	$1,194.82	20,316	16,501	123.12%
litecoin	$56.31	431,097	411,561	104.75%
steem	$0.15	166,786,383	142,930,214	116.69%
USD	$1.00	24,275,091	61,837,042	39.26%

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.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's observed value was 166,660,545, which is up by ~691K, or ²/₅% from last week's observed value. The graph retains a slight upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decrease of about $13 million or roughly 34%. At the time of today's scheduled download, we observed an all-time low (since my tracking began) of $26,247,535.96, and it has gone down from there.

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

Powered-up STEEM lost ground by about 105 million tokens against TRX or 17%.

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

Down by about 2.4K SBDs or about 15%

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

After today's observed value of 42.20% - a new high, the graph continues to show a slight upslope. We have now seen 4 consecutive days above 42%; 56 consecutive days above 41%; 223 consecutive days above 39%; 287 consecutive days above 37%; 414 consecutive days above 35%; and 477 straight days above ¹/₃. Will it hold above 42%?

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

Down by about 286 BTC, or 15% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground by about 3K ETH, or a little over 13%.

Modeled value of powered-up STEEM in terms of LTC

Powered-up STEEM lost ground by about 113K LTC, or about 20%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 401K in completed powerdowns last week and 586K pending (both measured from Monday through Sunday [GMT timezone]), we can expect powerdowns to increase next week by about 46% 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 1,414 pending power downs (down from 1,458 last week), here are the times, dates, and amounts of the top-10

1 2022-11-20T07:49:48 - 211,305,858 VESTS, 117,949 STEEM
2 2022-11-20T16:02:27 - 105,922,485 VESTS, 59,125 STEEM
3 2022-11-16T02:46:51 - 85,755,420 VESTS, 47,868 STEEM
4 2022-11-17T08:53:30 - 80,687,536 VESTS, 45,039 STEEM
5 2022-11-17T00:19:36 - 45,401,056 VESTS, 25,342 STEEM
6 2022-11-18T18:51:39 - 28,335,737 VESTS, 15,817 STEEM
7 2022-11-15T23:25:06 - 27,810,689 VESTS, 15,524 STEEM
8 2022-11-17T03:48:54 - 25,004,723 VESTS, 13,957 STEEM
9 2022-11-15T16:51:09 - 17,952,918 VESTS, 10,021 STEEM
10 2022-11-17T15:33:24 - 17,950,100 VESTS, 10,020 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:

^{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.

#tvpu #steemexclusive #penny4thoughts #burnsteem25

2 years ago in #metrics by remlaps-lite (76)

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moecki (71) 2 years ago

Over the course of the week, we saw seven daily increases and seven new highs in the number of staked STEEM.

I'm not surprised. Low prices are also an incentive for some incentive to buy.

However, I am surprised at the amount of powerdowns, as I would not have expected that at these prices. The biggest powerdown in your list is also very new ... and from a rather unknown account (for me). I would have suspected another one here :-)

chriddi (73) 2 years ago

Wo sieht man denn, wer den PD macht?

moecki (71) 2 years ago (edited)

Der Chiller und die passende Suche machen es möglich:
https://steemworld.org/account-watch

chriddi (73) 2 years ago

Ah, danke!
Nun fehlen mir natürlich die konkreten Vergleiche der letzten Wochen. Der PD von upvu ist mir bekannt. Wer genau irritiert euch denn?

moecki (71) 2 years ago

Ja, eben. Ich hätte da eher upvu als größten PD vermutet. Dass dieser swap-Account noch mehr abzieht, hat überrascht. Zumal ich von diesem bisher nicht gehört hatte... Muss ja offensichtlich irgendein Zweitaccount von diesem Robiniaswap sein. Was dahinter steckt, war mir nie wirklich klar... nur, dass es in die DeFi-Richtung geht.

remlaps (75) 2 years ago

Yeah, that account was new to me, too.

Powerdowns have been trending up, but they're still relatively low. With all the FTX drama, I have no idea what to expect for the next couple of weeks

pygmalion34 (62) 2 years ago

Hi @remlaps-lite, Again great great informative content. I can just sit and study your blog until morning. :D

The powerdowns surprised me, despite the price drop. Of course, we do not know the details of why it was cut, as you mentioned in the comment, we do not know what will happen as the day passes..

Best regards.

yas548 (60) 2 years ago

Great analysis.

691K Steem is a very good boost. This number is pretty good. Steem price has dropped a lot due to the FTX crisis. More steem buffs are possible due to the price drop.

pennsif (79) 2 years ago

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lupega (70) 2 years ago

Ti auguro una felice giornata

steemit.contest (75) 2 years ago

Oh, what a swing this week for the price of steеm! It hasn't been like this for a long time, but the capitalization is very good! Thank you for another useful report!

strawberrry (71) 2 years ago

And in ETH, steem lost almost 2% less price than in bitcoins. excellent report for the week! When the price was a little higher, I thought it was a good time to buy, but it fell even lower. I wonder if it will fall even lower.