Steem Total Value Powered Up - $34 million - May 14, 2023

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 76 thousand SP, or 0.04%.
Over the course of the week, we saw five daily increases and two new highs in the number of staked STEEM.
The modeled value of powered-up (staked) STEEM lost ground against all comparison values, except for SBDs.
Changes ranged from -9 ³/₄% against USD to +2 ¹/₃% against SBD.
Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens, except for BTC and ETH.
This week's completed powerdowns were reported at 848K, which is an increase of about 76% from last week's 480K.
We saw 2,496 new accounts created, with net migrations of one additional orca account, four fewer dolphins, five additional minnows, and two fewer redfish.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $33,627,575.88
External STEEM market cap (coingecko) $84,110,451.40
Internal STEEM market cap (median_price * current_supply) $83,326,900.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	484,756,751	445,758,870	108.75%
steem-dollars	$2.31	14,557,392	11,564,498	125.88%
bitcoin	$26,956.00	1,247	1,477	84.46%
ethereum	$1,808.15	18,597	20,406	91.14%
litecoin	$83.07	404,810	344,287	117.58%
steem	$0.19	173,508,846	166,882,703	103.97%
USD	$1.00	33,627,576	24,516,738	137.16%

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.

There was a noticeable increase in new accounts during the last couple of days.

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. The 28-day average has continued drifting back towards the zero line.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's downloaded value was 173,503,888, which is down by about 76K STEEM, or about ¹/₂₀% from last week's observed value. The graph has remained almost flat.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - slightly under $34 million - remains higher than the December 30, 2022 low of $23,718,335.58. It decreased by about $3.6 million - or 9 ³/₄% from last week's value.

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

Powered-up STEEM moved lower against TRX by about 47 million tokens or almost 9%.

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

Powered-up STEEM gained ground by about 338K SBDs over the last week, which is about 2 ¹/₃%.

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

After today's observed value of 40.00% the graph has been flirting with the 40% line again this week. We have now seen 4 straight days above 40%; 405 consecutive days above 39%; 469 consecutive days above 37%; 596 consecutive days above 35%; and 659 straight days above ¹/₃.

^{*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 declined by about 32 BTC, or roughly 2 ¹/₂%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM declined in the last seven days by 765 ETH, or a little under 4%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM moved down against LTC by about 31K LTC, which is about 7%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 848K in completed powerdowns last week and 541K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 31% or more.

(Looks like I had a typo or data error in last week's report. I typed 655K pending, but it should have been 855K. Now fixed.)

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 835 pending power downs (down from 951 last week), here are the times, dates, and amounts of the top-10

1 2023-05-20T21:31:33 - 441,785,643 VESTS, 250,150 STEEM
2 2023-05-18T21:27:09 - 59,348,326 VESTS, 33,605 STEEM
3 2023-05-18T21:27:57 - 41,651,353 VESTS, 23,584 STEEM
4 2023-05-14T22:40:06 - 29,571,071 VESTS, 16,744 STEEM
5 2023-05-14T23:25:54 - 28,317,586 VESTS, 16,034 STEEM
6 2023-05-16T04:15:00 - 22,296,760 VESTS, 12,625 STEEM
7 2023-05-16T10:36:54 - 22,108,652 VESTS, 12,518 STEEM
8 2023-05-15T08:38:00 - 20,219,927 VESTS, 11,449 STEEM
9 2023-05-21T07:39:12 - 17,201,950 VESTS, 9,740 STEEM
10 2023-05-18T07:42:00 - 14,051,183 VESTS, 7,956 STEEM

Notes

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

For links from 2021 and 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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strawberrry (71) 2 years ago

I also noticed that the number of new accounts on the site has increased, as can be seen from your first visualization in a new format recently.

$0.08

4 votes

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joeljaimes1982 (70) 2 years ago

In recent weeks the amount of constant power up is something good for the platform, although the price is not reflected. But that has prevented the price of steem from collapsing.

$0.07

4 votes

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lupega (70) 2 years ago

Here I can only say, congratulations for an excellent post and excellent work. I wish you a happy start to the week

$0.04

4 votes

[-]

yas548 (60) 2 years ago

this week's steem buff is down compared to last week. It's the lowest percentage I've ever seen.

$0.03

4 votes

[-]

pennsif (79) 2 years ago

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

The Steem News @ 15 May 2023 : Community Curators for June - Applications Open...

$0.03

4 votes

Steem Total Value Powered Up - $34 million - May 14, 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.

There was a noticeable increase in new accounts during the last couple of days.

Daily Changes

VESTED STEEM

Today's downloaded value was 173,503,888, which is down by about 76K STEEM, or about 1/20% from last week's observed value. The graph has remained almost flat.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - slightly under $34 million - remains higher than the December 30, 2022 low of $23,718,335.58. It decreased by about $3.6 million - or 9 3/4% from last week's value.

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

Powered-up STEEM moved lower against TRX by about 47 million tokens or almost 9%.

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

Powered-up STEEM gained ground by about 338K SBDs over the last week, which is about 2 1/3%.

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

After today's observed value of 40.00% the graph has been flirting with the 40% line again this week. We have now seen 4 straight days above 40%; 405 consecutive days above 39%; 469 consecutive days above 37%; 596 consecutive days above 35%; and 659 straight days above 1/3.

*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 declined by about 32 BTC, or roughly 2 1/2%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM declined in the last seven days by 765 ETH, or a little under 4%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM moved down against LTC by about 31K LTC, which is about 7%.

Daily Powerdown Activity

(Looks like I had a typo or data error in last week's report. I typed 655K pending, but it should have been 855K. Now fixed.)

Notes

Previous posts

For links from 2021 and 2022, see these posts:

Pixabay license, source

Reminder

Today's downloaded value was 173,503,888, which is down by about 76K STEEM, or about ¹/₂₀% from last week's observed value. The graph has remained almost flat.

In terms of USD, today's value at download time - slightly under $34 million - remains higher than the December 30, 2022 low of $23,718,335.58. It decreased by about $3.6 million - or 9 ³/₄% from last week's value.

Powered-up STEEM gained ground by about 338K SBDs over the last week, which is about 2 ¹/₃%.

After today's observed value of 40.00% the graph has been flirting with the 40% line again this week. We have now seen 4 straight days above 40%; 405 consecutive days above 39%; 469 consecutive days above 37%; 596 consecutive days above 35%; and 659 straight days above ¹/₃.

^{*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 declined by about 32 BTC, or roughly 2 ¹/₂%.

^{Pixabay license, source}