Steem Total Value Powered Up - $38 million - April 30, 2023

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

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 129 thousand SP, or 0.07%.
Over the course of the week, we saw four daily increases and four new highs in the number of staked STEEM.
The modeled value of powered-up (staked) STEEM lost ground against all comparison values.
Changes ranged from -8% against BTC to -1 ³/₄% 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 533K, which is an increase of about 19% from last week's 447K.
We saw net migrations of two dolphin accounts, one to the minnow category, and the other to the orca category.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $37,536,932.67
External STEEM market cap (coingecko) $93,804,972.99
Internal STEEM market cap (median_price * current_supply) $91,771,500.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	554,189,725	445,758,870	124.32%
steem-dollars	$2.67	14,058,776	11,564,498	121.57%
bitcoin	$29,601.00	1,268	1,477	85.88%
ethereum	$1,919.60	19,554	20,406	95.83%
litecoin	$90.05	416,845	344,287	121.07%
steem	$0.22	173,391,163	166,882,703	103.90%
USD	$1.00	37,536,933	24,516,738	153.11%

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. 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 173,406,300, which is up by about 129K STEEM, or about ¹/₁₀% from last week's observed value. The graph has turned almost flat, with a barely perceptible upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - a bit over $37 million - remains higher than the December 30, 2022 low of $23,718,335.58. It declined by about $1 million - or 2 ¹/₂% from last week's value.

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

Powered-up STEEM lost against TRX by about 23 million tokens or roughly 4%.

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

Powered-up STEEM lost ground by about 28K SBDs over the last week, which is about 1 ³/₄%.

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

After today's observed value of 39.94% the graph continued to straddle the 40% line for the third consecutive week. We have now seen 391 consecutive days above 39%; 455 consecutive days above 37%; 582 consecutive days above 35%; and 645 straight days above ¹/₃. Today was the first day below 40% since last Sunday (April 23).

^{*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 was down by about 111 BTC, or just over 8%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM declined in the last seven days by 838 ETH, or about 4%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM lost ground against LTC by about 28K LTC, which is about 6 ¹/₃%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 533K in completed powerdowns last week and 486K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 9% 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 1,022 pending power downs (down from 1,041 last week), here are the times, dates, and amounts of the top-10

1 2023-05-05T07:29:54 - 89,575,007 VESTS, 50,665 STEEM
2 2023-05-04T21:27:09 - 59,348,326 VESTS, 33,568 STEEM
3 2023-05-04T21:27:57 - 41,651,353 VESTS, 23,559 STEEM
4 2023-05-04T17:14:30 - 41,052,388 VESTS, 23,220 STEEM
5 2023-05-07T15:06:30 - 40,603,051 VESTS, 22,966 STEEM
6 2023-04-30T23:25:54 - 28,317,586 VESTS, 16,017 STEEM
7 2023-05-03T07:44:27 - 25,096,635 VESTS, 14,195 STEEM
8 2023-05-02T04:15:00 - 22,296,760 VESTS, 12,611 STEEM
9 2023-05-04T19:47:39 - 22,128,501 VESTS, 12,516 STEEM
10 2023-05-02T10:36:54 - 22,108,652 VESTS, 12,505 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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yas548 (60) 2 years ago

Thanks for the analysis. Steem gives us a little idea about its price. This week's steem power boost is good.

$0.03

4 votes

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lupega (70) 2 years ago

I perform POWER UP constantly, without a doubt it is something that motivates us to continue working, not everyone does it, but possibly they have their reasons and it is respectable in my opinion.
I wish you a happy start to the week