Steem Total Value Powered Up - $34 million - July 23, 2023

remlaps-lite (76)in #metrics • last year

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 increased by about 48 thousand SP, or 0.03%.
Over the course of the week, we saw four daily increases and one new high in the number of staked STEEM.
The modeled value of powered-up (staked) STEEM gained ground against BTC, ETH, and LTC. It lost against SBD, TRX, and USD.
Changes ranged from -5% against TRX to +2% against ETH.
Compared to the January 1, 2023 baseline, the modeled value has lost ground against BTC, ETH, and TRX. It has gained ground against LTC, SBD, and USD.
This week's completed powerdowns were reported at 536K, which is an increase of about 50% from last week's 355K.
We saw 3,286 new accounts created - up from 2,721 last week.
Net migrations of account classifications showed 2 fewer orcas, 1 less dolphin, 5 fewer minnows, and 8 more redfish.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $33,909,562.72
External STEEM market cap (coingecko) $84,274,111.11
Internal STEEM market cap (median_price * current_supply) $83,954,600.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.08	406,287,444	445,758,870	91.15%
steem-dollars	$2.41	14,070,357	11,564,498	121.67%
bitcoin	$29,976.00	1,131	1,477	76.61%
ethereum	$1,883.90	17,999	20,406	88.21%
litecoin	$92.58	366,273	344,287	106.39%
steem	$0.19	176,828,737	166,882,703	105.96%
USD	$1.00	33,909,563	24,516,738	138.31%

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

This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.

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 downloaded value was 176,820,600, which is up by about 48K STEEM, or about 0.03% over last week's observed value. The long-term upslope in the graph is seen as flattening during the last week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - a touch over $34 million - remains higher than the December 30, 2022 low of $23,718,335.58. It was basically flat during the week.

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

Powered-up STEEM reversed course again with a 22 million decline against TRX or a bit over 5%. This value is currently about 24 million above the June 15 low of 384,259,742.

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

Powered-up STEEM declined by about 388K SBDs, slightly below 2²/₃%, during the last week.

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

With today's observed value of 40.35% the graph basically flat for the week. We have now seen 9 days above 40%; 475 consecutive days above 39%; 539 consecutive days above 37%; 666 consecutive days above 35%; and 729 straight days above ¹/₃. The graph shows a bit of noise recently, but overall seems basically flat in recent weeks.

^{*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 advanced by about 4 BTC, or ¹/₃%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained again in the last seven days, this week's increase was about 353 ETH, or a bit under 2%.

Modeled value of powered-up STEEM in terms of LTC

LTC kept giving back its gains from three weeks ago. The weekly change for powered-up STEEM against LTC was an increase of about 4K LTC, or 1%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 536K in completed powerdowns last week and 447K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 15% or more.

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 1,020 pending power downs (down from 1,138 last week), here are the times, dates, and amounts of the top-10

1 2023-07-23T22:40:30 - 95,610,921 VESTS, 54,427 STEEM
2 2023-07-28T21:29:09 - 57,260,474 VESTS, 32,596 STEEM
3 2023-07-24T02:37:39 - 52,854,638 VESTS, 30,088 STEEM
4 2023-07-28T21:28:18 - 50,833,447 VESTS, 28,937 STEEM
5 2023-07-29T10:15:18 - 50,306,881 VESTS, 28,638 STEEM
6 2023-07-25T14:42:12 - 44,967,992 VESTS, 25,598 STEEM
7 2023-07-23T22:01:24 - 35,170,189 VESTS, 20,021 STEEM
8 2023-07-27T01:53:48 - 21,962,913 VESTS, 12,503 STEEM
9 2023-07-25T12:18:36 - 14,945,521 VESTS, 8,508 STEEM
10 2023-07-27T02:05:09 - 14,847,951 VESTS, 8,452 STEEM

Notes

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

For links from 2021, 2022 and the first half of 2023, 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

last year in #metrics by remlaps-lite (76)

$41.24

Sort:

Trending

[-]

shohana1 (77) last year

48 thousand SP powered up sounds great but at the same time the ratio of power down also increased. Good to see the number of new signed up accounts on steemit. These data is really very helpful for us and I try to follow them sincerely. I'm glad that I power up and also contributing a little from my side. Thanks for sharing this information by comparing with previous records.

$0.08

4 votes

[-]

yas548 (60) last year

This week's data is very bad. probably happened this way because of the price change

$0.04

4 votes

[-]

memess (50) last year

more than i will ever have lol

$0.04

4 votes

[-]

remlaps-lite (76) last year

No one knows that the future will bring. ;-)

$0.00

[-]

lupega (70) last year

Some turn off and others turn on, those that turn off can be for different reasons, they generally need the money but there are also those who do not find support, or those who enter when the price rises and the opposite,but those of us who have knowledge about the benefits of performing POWER UP always do it, what is needed is to have knowledge

$0.04

4 votes

Steem Total Value Powered Up - $34 million - July 23, 2023

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.

This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.

Daily Changes

VESTED STEEM

Today's downloaded value was 176,820,600, which is up by about 48K STEEM, or about 0.03% over last week's observed value. The long-term upslope in the graph is seen as flattening during the last week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - a touch over $34 million - remains higher than the December 30, 2022 low of $23,718,335.58. It was basically flat during the week.

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

Powered-up STEEM reversed course again with a 22 million decline against TRX or a bit over 5%. This value is currently about 24 million above the June 15 low of 384,259,742.

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

Powered-up STEEM declined by about 388K SBDs, slightly below 22/3%, during the last week.

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

*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 advanced by about 4 BTC, or 1/3%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained again in the last seven days, this week's increase was about 353 ETH, or a bit under 2%.

Modeled value of powered-up STEEM in terms of LTC

LTC kept giving back its gains from three weeks ago. The weekly change for powered-up STEEM against LTC was an increase of about 4K LTC, or 1%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks.

Daily Powerdown Activity

Notes

Previous posts

For links from 2021, 2022 and the first half of 2023, see these posts:

Pixabay license, source

Reminder

Powered-up STEEM declined by about 388K SBDs, slightly below 2²/₃%, during the last week.

^{*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.}

Powered-up STEEM advanced by about 4 BTC, or ¹/₃%.

^{Pixabay license, source}