Steem Total Value Powered Up - $26 million - December 18, 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.

Noteworthy in the last week

Week over week, the number of powered up STEEM decreased by about 132K SP, or 0.08%.
Over the course of the week, we saw five daily increases and no new highs in the number of staked STEEM.
The modeled value lost ground against all comparison tokens except for LTC. Changes ranged from -9% against USD to +10% against LTC.
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 945K STEEM powered down, which is down by about 3% from last week's 973K STEEM (Sunday through Saturday).

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $26,218,597.42
Exernal STEEM market cap (coingecko) $66,678,218.89
Internal STEEM market cap (median_price * current_supply) $67,573,600.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.05	485,197,132	809,173,538	59.96%
steem-dollars	$2.18	12,026,879	11,284,131	106.58%
bitcoin	$16,747.68	1,565	1,300	120.42%
ethereum	$1,184.24	22,139	16,501	134.17%
litecoin	$64.61	405,797	411,561	98.60%
steem	$0.16	166,170,815	142,930,214	116.26%
USD	$1.00	26,218,597	61,837,042	42.40%

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 166,084,856, which is down by ~132K, or ¹/₁₀% from last week's observed value. The graph trends down slightly for the week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decline of about $2.7 million, or about 9%.

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

Powered-up STEEM lost ground by about 43 million tokens against TRX or almost 8%.

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

Down by nearly 740K SBDs or about 5 ¹/₂%

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

After today's observed value of 39.94% the graph was basically flat for the week. We have now seen 258 consecutive days above 39%; 322 consecutive days above 37%; 449 consecutive days above 35%; and 512 straight days above ¹/₃. Will it hold above 39? Will it climb to 40%?

^{*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)

Down by about 115 BTC, or 6 ¹/₂% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground by about 410 ETH, or roughly 1 ³/₄%.

Modeled value of powered-up STEEM in terms of LTC

Powered-up STEEM gained ground by about 39K LTC, or about 10%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 945K in completed powerdowns last week and 1.04 million pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 10% 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 900 pending power downs (down from 1,017 last week), here are the times, dates, and amounts of the top-10

1 2022-12-22T16:30:36 - 430,666,181 VESTS, 241,059 STEEM
2 2022-12-24T11:47:00 - 422,089,188 VESTS, 236,258 STEEM
3 2022-12-19T07:00:21 - 123,336,353 VESTS, 69,036 STEEM
4 2022-12-24T12:47:33 - 108,747,961 VESTS, 60,870 STEEM
5 2022-12-25T15:05:03 - 101,339,676 VESTS, 56,723 STEEM
6 2022-12-22T08:39:36 - 44,844,175 VESTS, 25,101 STEEM
7 2022-12-21T14:43:27 - 43,747,726 VESTS, 24,487 STEEM
8 2022-12-21T13:11:45 - 26,852,449 VESTS, 15,030 STEEM
9 2022-12-22T07:10:00 - 26,687,193 VESTS, 14,938 STEEM
10 2022-12-21T05:47:12 - 25,193,885 VESTS, 14,102 STEEM

Notes

Reference prices for STEEM and other tokens are downloaded from coingecko.com

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.166,084,856

#tvpu #steemexclusive #penny4thoughts #burnsteem25

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

$7.10

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lupega (70) 2 years ago

Sometimes I think, performing POWER UP is fine, however when we need or want to take our earnings to buy something, or simply enjoy a delicious meal, ¿ WHAT? It seems fair to me to make a profit, for example, I am converting STEEM into SBD, at some point its value rises, if I constantly POWER UP I will not be able to take advantage of the increase in SBD, conclusion, if I work, I also make a profit

$0.07

4 votes

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remlaps-lite (76) 2 years ago

Yeah, I agree. If we want people to create practical uses for STEEM, then it can't all be powered up. I think it's useful to track it, though, as a measure of investor confidence.

$0.00

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strawberrry (71) 2 years ago

POWER UP is a necessary measure in the development of your account and platform. Of course, ideally, you do not need to bring steem to the stock exchange, but only accumulate. I believe that the price has not yet reached its peak, and now there is a slight prolonged drop, which will soon return to normal.

$0.07

4 votes

[-]

pennsif (79) 2 years ago

This post has been featured in the latest edition of Steem News...

The Steem News @ 20 December 2022 : Community Curators for January & UPVU MultiSig...

If you would like to support Steem News and Witness Weekly please consider voting for @pennsif.witness

$0.04

4 votes

[-]

yas548 (60) 2 years ago

this week's steem buff is a pretty good number. We need to take this to a higher level. this is mandatory to enter the top 100

$0.04

4 votes

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steemit.contest (75) 2 years ago

117 accounts less power downs less than last week. This is a great result for the week. Thank you for a good and informative report.

$0.03

4 votes

Steem Total Value Powered Up - $26 million - December 18, 2022

Noteworthy in the last week

Here are the numbers as-of a few minutes ago

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

Daily Changes

VESTED STEEM

Today's observed value was 166,084,856, which is down by ~132K, or 1/10% from last week's observed value. The graph trends down slightly for the week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decline of about $2.7 million, or about 9%.

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

Powered-up STEEM lost ground by about 43 million tokens against TRX or almost 8%.

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

Down by nearly 740K SBDs or about 5 1/2%

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

After today's observed value of 39.94% the graph was basically flat for the week. We have now seen 258 consecutive days above 39%; 322 consecutive days above 37%; 449 consecutive days above 35%; and 512 straight days above 1/3. Will it hold above 39? Will it climb to 40%?

*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)

Down by about 115 BTC, or 6 1/2% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground by about 410 ETH, or roughly 1 3/4%.

Modeled value of powered-up STEEM in terms of LTC

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 945K in completed powerdowns last week and 1.04 million pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 10% or less.

Notes

Previous posts

For links from 2021 and the first half of 2022, see these posts:

Pixabay license, source

Reminder

Today's observed value was 166,084,856, which is down by ~132K, or ¹/₁₀% from last week's observed value. The graph trends down slightly for the week.

Down by nearly 740K SBDs or about 5 ¹/₂%

After today's observed value of 39.94% the graph was basically flat for the week. We have now seen 258 consecutive days above 39%; 322 consecutive days above 37%; 449 consecutive days above 35%; and 512 straight days above ¹/₃. Will it hold above 39? Will it climb to 40%?

^{*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.}

Down by about 115 BTC, or 6 ¹/₂% during the week.

Powered-up STEEM lost ground by about 410 ETH, or roughly 1 ³/₄%.

^{Pixabay license, source}