Steem Total Value Powered Up - $25 million - January 8, 2023
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 168K SP, or 0.1%.
- Over the course of the week, we saw five daily increases and no new highs in the number of staked STEEM.
- The modeled value gained ground against BTC, TRX, and USD. It lost ground against ETH, LTC, and SBD. Changes ranged from -4% against LTC to +7% against TRX.
- Compared to the January 1, 2023 baseline, the modeled value gained ground against BTC, TRX, and USD. It lost ground against ETH, LTC, and SBD.
- This week (Sunday through Saturday) saw a total of 508K STEEM powered down, which is down by about 32% from last week's 746K STEEM (Sunday through Saturday).
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $25,125,238.74
Exernal STEEM market cap (coingecko) $63,773,095.52
Internal STEEM market cap (median_price * current_supply) $63,175,800.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.05 | 477,493,657 | 445,758,870 | 107.12% |
| steem-dollars | $2.19 | 11,472,711 | 11,564,498 | 99.21% |
| bitcoin | $16,936.10 | 1,483 | 1,477 | 100.44% |
| ethereum | $1,265.60 | 19,852 | 20,406 | 97.29% |
| litecoin | $75.84 | 331,292 | 344,287 | 96.23% |
| steem | $0.15 | 167,051,666 | 166,882,703 | 100.10% |
| USD | $1.00 | 25,125,239 | 24,516,738 | 102.48% |
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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
Today's observed value was 167,050,486, which is up by ~168K, or 1/10% from last week's observed value. The graph remains basically flat, with a barely perceptible upslope, during the last week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, the value remained above the December 30, 2022 low of $23,718,335.58 and advanced by another $600K, or 2 1/2%, over last week's value.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM advanced against TRX by about 31 million tokens or 7%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM lost ground by nearly 94K SBDs over the last week, which is about 2/5%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 39.39% the graph was basically flat for the past three weeks, with an imperceptible downslope for the week. We have now seen 279 consecutive days above 39%; 343 consecutive days above 37%; 470 consecutive days above 35%; and 533 straight days above 1/3. Will it hold above 39? Will it climb to 40%?
*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Powered-up STEEM gained ground by about 6 BTC, or 2/5% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM lost ground in the last seven days by ~560 ETH, or roughly 2 3/4%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM lost ground by about 13K LTC, or about 4%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 508K in completed powerdowns last week and 532K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 7% 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 1,012 pending power downs (up from 901 last week), here are the times, dates, and amounts of the top-10 |
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2023-01-10T03:02:30 - 129,601,623 VESTS, 72,664 STEEM
2023-01-09T07:00:21 - 123,336,353 VESTS, 69,152 STEEM
2023-01-13T03:26:03 - 48,166,448 VESTS, 27,006 STEEM
2023-01-14T07:24:36 - 31,233,554 VESTS, 17,512 STEEM
2023-01-12T07:10:00 - 26,687,193 VESTS, 14,963 STEEM
2023-01-12T07:46:36 - 26,558,738 VESTS, 14,891 STEEM
2023-01-11T05:47:12 - 25,193,885 VESTS, 14,126 STEEM
2023-01-11T17:02:03 - 17,672,607 VESTS, 9,909 STEEM
2023-01-12T21:20:48 - 16,374,419 VESTS, 9,181 STEEM
2023-01-14T09:11:27 - 16,241,351 VESTS, 9,106 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $25 million - January 8, 2023
- Steem Total Value Powered Up - $24 million - January 1, 2023
For links from 2021 and 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
- Steem Total Value Powered Up - $26 million - December 18, 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.166,084,856
I missed seeing this data after a year of absence I see that you have not let me publish it, you love calculations.
Welcome back.! I hope you've been doing well.
It seems that the coin is not in the best of times, yet the provision of steem is growing little by little. TRX started charging again, it's good that the crisis in this direction has passed.
Agreed. I'm hoping that maybe the crypto markets hit a bottom near the end of last year because people were taking losses for tax purposes. We'll see.
This week STEEM is quite stable in the price course. I hope in the future its stability will remain at the same level. Fingers crossed and went on, and the site will be better with the activity of the authors.
The price is not very encouraging, I hope that this year its value increases, in one way or another the price affects users
nice work. thanks. this week's steem buff is fine. it is possible to do more.
Thought steem price is low as others are, but the price of sbd is still amazing in this market. happy to see this.