Steem Total Value Powered Up - $36 million - June 26, 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
BTC clawed its way back up above $20k this week, and overall crypto markets have stabilized, for now.
Week over week, the number of powered up STEEM declined by about 100K, or about 0.06%.
Over the course of the week, we saw four daily increases and no new highs in number of STEEM powered up.
At 41.61%, the series-long high as a percentage of market cap was recorded on April 26. Nearly all subsequent observations have been in the 39% range, so this was probably a fluke of timing in the way that CoinGecko updates their market cap and price fields.
The modeled value of powered-up STEEM gained ground against all comparison values, except for ETH and SBD. Changes ranged from -2% against SBD to +14% against USD.
Total power-downs this week totaled 865K STEEM, which represents a decrease of 18% vs. last week's 1.05M.
In terms of all comparison values except for SBD, TRX, and USD, today's locked value is higher than the January 1, 2022 baseline.

Here are the numbers as-of a few minutes ago:

Total value locked in powered-up STEEM (USD): $35,998,529.35
STEEM market cap $90,422,434.68

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.07	551,236,955	809,173,538	68.12%
steem-dollars	$3.25	11,076,470	11,284,131	98.16%
bitcoin	$21,270.00	1,692	1,300	130.19%
ethereum	$1,227.01	29,338	16,501	177.80%
litecoin	$58.32	617,258	411,561	149.98%
steem	$0.23	157,220,788	142,930,214	110.00%
USD	$1.00	35,998,529	61,837,042	58.22%

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

With a weekly decline of about 100k, or 0.06%, the graph is basically flat, with a barely perceptible downslope for the last three weeks.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly increase of about 4 ¹/₂ million dollars, or just over 14%. The value is still below the long-term mean, and bounced back above its May 12 bottom near $34 million. It also remains above the low of ~27 million from June 22, 2021.

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

TRX has shown continuing strength, relative to the rest of the sector, but it's still giving back some of its gains against powered-up STEEM. The modeled value for powered-up STEEM gained by about 31 million TRX tokens or just under 6%.

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

Down by about 243K tokens or just over 2%

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

Still running basically flat for the last couple of months - aside from an anomalous spike on April 26. With today's observed value of 39.84%, we have now seen 83 consecutive days above 39%; 116 consecutive days above 38%; 147 consecutive days above 37%; 274 consecutive days above 35%; and 337 straight days above ¹/₃. Will it hold above 39%? Will it climb above 40%?

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

Up by about 77 BTC, or almost 5% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Down by about 563, or a bit under 2%.

Modeled value of powered-up STEEM in terms of LTC

Up by about 36K, or just over 6%. Still running well above the historical average.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 822K pending, we can expect weekly powerdowns to decrease by about 5% 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.

Here are some descriptive statistics for the numbers geeks:

And with a total of 1,065 pending power downs, here are the times, dates, and amounts of the top-10:

1 2022-06-27T00:02:51 - 151,897,968 MVESTS, 83,809 STEEM
2 2022-07-03T16:03:42 - 111,383,688 MVESTS, 61,455 STEEM
3 2022-07-03T07:57:51 - 90,732,129 MVESTS, 50,061 STEEM
4 2022-07-01T04:14:36 - 73,251,645 MVESTS, 40,416 STEEM
5 2022-07-02T03:59:51 - 48,437,273 MVESTS, 26,725 STEEM
6 2022-06-28T19:28:03 - 45,781,126 MVESTS, 25,260 STEEM
7 2022-06-29T04:58:42 - 41,775,699 MVESTS, 23,050 STEEM
8 2022-06-27T18:23:12 - 32,898,403 MVESTS, 18,152 STEEM
9 2022-06-27T07:46:21 - 29,885,136 MVESTS, 16,489 STEEM
10 2022-06-27T16:56:39 - 22,281,554 MVESTS, 12,294 STEEM

Notes

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

For 2021 links, see this post:

Steem Total Value Powered Up - $67 million - January 2, ~~2021~~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.

#tvpu #steemexclusive #penny4thoughts #burnsteem25

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

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kwadjobonsu (66) 2 years ago

This year has been really tough for the crypto market. I wonder when this bear market would be over. I'm exhausted already. SBD and Steem are holding on pretty well.

$0.07

4 votes

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remlaps-lite (76) 2 years ago

I agree on all points. ;-)

$0.00

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babangida (53) 2 years ago

As you mentioned in previous posts, Steem doesn't just have a lock, it also has a burn mechanism. These are important for increasing the Steem price. As the price goes up, so does the lock.

$0.04

4 votes

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pennsif (79) 2 years ago

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

The Steem News @ 2 July 2022 - Community Curators for July & Booming Support Applications

$0.03

4 votes

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lupega (70) 2 years ago

What I currently want is that they reward us with SBD, well I don't agree with your post this comment, but I was liquidating rewards and I almost started to cry :)
Ignore me, and excuse me, I had to say it so as not to shed tears, men don't cry, but it's a lie, I'm doing it haaaaaaaaa, I turn all STEEM into SBD, well that's something :)