Steem Total Value Powered Up - $29 million - November 20, 2022

in #metrics2 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. Still down after the FTX meltdown, but this week saw a bit of a rebound...

Noteworthy in the last week

  • Week over week, the number of powered up STEEM increased by about 600K SP, or 0.36%.
  • Over the course of the week, we saw five daily increases and five new highs in the number of staked STEEM.
  • The modeled value gained ground against all comparison tokens. Changes ranged from 1.7% against SBD to 11% against USD and TRX.
  • In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
  • This week (Sunday through Saturday) saw a total of 473K STEEM powered down, which is an increase of about 18% as compared to last week's 401K STEEM (Sunday through Saturday).


Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $29,184,872.11
Exernal STEEM market cap (coingecko) $68,926,833.36
Internal STEEM market cap (median_price * current_supply) $70,159,300.00

Locked value in terms of other tokens:

tokenpricelocked value equivalentJan 1, 2022pct of Jan 1 baseline
tron$0.05573,252,776809,173,53870.84%
steem-dollars$2.1213,766,44911,284,131122.00%
bitcoin$16,591.411,7591,300135.35%
ethereum$1,177.9324,77616,501150.15%
litecoin$61.81472,170411,561114.73%
steem$0.17167,259,094142,930,214117.02%
USD$1.0029,184,87261,837,04247.20%

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.

Steem Blockchain: Daily Change in Staked Amounts, November 20, 2022

Here are some descriptive statistics, for numbers geeks.

Steem blockchain daily staking changes: Descriptive stats - November, 20, 2022

VESTED STEEM

Today's observed value was 167,258,280, which is up by ~600K, or 0.36% from last week's observed value. The graph retains a slight upslope.

Vested STEEM on the Steem blockchain from April, 2021 through November 20, 2022

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly increase by about $3 million or roughly 11%.

Modeled USD value of staked STEEM on the Steem blockchain: April, 2021 through November 20, 2022

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

Powered-up STEEM gained ground by about 57 million tokens against TRX or 11%.

Modeled value of staked STEEM on the Steem blockchain in terms of TRX: April, 2021 through November 20, 2022

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

Up by about 230K SBDs or about 1.7%

Modeled value of staked STEEM on the Steem blockchain in terms of SBD from April, 2021 through November 20, 2022

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

After today's observed value of 42.23% the graph continues to show a slight upslope, although the last week was basically flat. We have now seen 5 consecutive days above 42%; 63 consecutive days above 41%; 230 consecutive days above 39%; 294 consecutive days above 37%; 421 consecutive days above 35%; and 484 straight days above 1/3. A new high of 42.38% was observed yesterday (November 19). Will it hold above 42%?

Modeled value of Staked STEEM on the Steem blockchain as a percentage of market capitalization: April 2021 through November, 2022

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

Up by about 169 BTC, or 10% during the week.

Modeled value of powered-up STEEM on the Steem blockchain in terms of BTC: April, 2021 through November 20, 2022

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM advanced by about 3.3K ETH, or roughly 15 1/2%.

Modeled value of staked STEEM on the Steem blockchain in terms of ETH: April, 2021 to November 20, 2022

Modeled value of powered-up STEEM in terms of LTC

Powered-up STEEM gained ground by about 1,400 LTC, or 3%.

Modeled value of staked STEEM on the Steem blockchain in terms of LTC: April, 2021 through November 20, 2022

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 473K in completed powerdowns last week and 1 million pending (both measured from Sunday through Saturday[GMT timezone]), we can expect powerdowns to increase next week by about 114% or less.

Steem Powerdown trending graph: Completed and Pending

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 powerdown descriptive stats: November 20, 2022

And with a total of 1,334 pending power downs (down from 1,414 last week), here are the times, dates, and amounts of the top-10

1 2022-11-27T07:49:48 - 211,305,858 VESTS, 118,011 STEEM
2 2022-11-25T07:50:09 - 195,598,627 VESTS, 109,239 STEEM
3 2022-11-24T16:25:36 - 179,100,041 VESTS, 100,024 STEEM
4 2022-11-21T09:40:24 - 109,074,075 VESTS, 60,916 STEEM
5 2022-11-27T16:02:27 - 105,922,485 VESTS, 59,156 STEEM
6 2022-11-22T06:27:39 - 100,183,501 VESTS, 55,951 STEEM
7 2022-11-23T02:46:51 - 85,755,420 VESTS, 47,893 STEEM
8 2022-11-24T08:53:30 - 80,687,536 VESTS, 45,063 STEEM
9 2022-11-21T09:40:42 - 78,586,531 VESTS, 43,889 STEEM
10 2022-11-21T13:12:27 - 56,494,157 VESTS, 31,551 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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Just today I learned the news that the Genesis exchange may go bankrupt after FTX. This is very bad news for the crypto world, I hope this will not happen, and bitcoin will hold its position in price. Thanks for the report.

So what we have this week. The crypto world cannot recover so far from the deflated exchange, bitcoin is only going down. By the way, this trend has been observed all this year. But steem shows itself pretty well in business. This week, its price has increased slightly. Let it grow further!

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


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Performing POWER UP strengthens the panel and also helps the user

That's good news, there's nothing better than power ups. We are still standing and striving to strengthen steem with all our strength and with all our unity.

Thanks mate for the information.

It's nice to have the boost at such a high level. We need to increase the weekly buff to 1 million. I think we have to exceed the amount of steem in the stock markets.