Steem Total Value Powered Up - $41 million - April 16, 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 increased by about 234 thousand SP, or 0.14%.
Over the course of the week, we saw six daily increases and six new highs in the number of staked STEEM.
The modeled value of powered-up (staked) STEEM gained ground against all comparison tokens, except for ETH and LTC.
Changes ranged from -4%% against ETH to +9 ¹/₄% against TRX.
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 373K, which is a decrease of almost 28 % from last week's 516K.
Comparison token, ETH, saw big price movement after April 12 completion of the Shapella Fork.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $41,260,493.95
External STEEM market cap (coingecko) $102,898,434.23
Internal STEEM market cap (median_price * current_supply) $95,854,700.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	620,458,555	445,758,870	139.19%
steem-dollars	$2.85	14,477,366	11,564,498	125.19%
bitcoin	$30,364.00	1,358	1,477	91.98%
ethereum	$2,104.70	19,603	20,406	96.07%
litecoin	$101.55	406,307	344,287	118.01%
steem	$0.24	173,100,133	166,882,703	103.73%
USD	$1.00	41,260,494	24,516,738	168.29%

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

New slide for April 16: Number of accounts by staking classification

This graph is taken from the SDS getVestingStats API call, provided by @steemchiller

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 looks like it dipped to about 50K.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's observed value was 173,126,525, which is up by about 234K STEEM, or about ¹/₆% from last week's observed value. The graph continues to show a gentle upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value - a bit over $41 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained by about $2.2 million - or 9% from last week's value.

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

Powered-up STEEM gained against TRX by about 53 million tokens or roughly 9 ¹/₄%.

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

Powered-up STEEM gained ground by about 628K SBDs over the last week, which is about 4 ¹/₂%.

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

After today's observed value of 39.95% the graph has declined below 40% for the first time in 22 days. We have now seen 377 consecutive days above 39%; 441 consecutive days above 37%; 568 consecutive days above 35%; and 631 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 was up by 6 BTC, or ¹/₂%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground in the last seven days by 827 ETH, or about 4%. Noteworthy this week is that Etherum completed it's long-anticipated Shanghai (Shapella) upgrade on April 12.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM declined against LTC by about 3,464 LTC, which is about ⁴/₅%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 373K in completed powerdowns last week and 468K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential increase in powerdowns by about 25% or less.

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 1,010 pending power downs (up from 989 last week), here are the times, dates, and amounts of the top-10

1 2023-04-21T07:29:54 - 89,575,007 VESTS, 50,611 STEEM
2 2023-04-23T15:06:21 - 56,943,176 VESTS, 32,173 STEEM
3 2023-04-20T05:43:18 - 44,282,968 VESTS, 25,020 STEEM
4 2023-04-23T09:01:15 - 42,912,895 VESTS, 24,246 STEEM
5 2023-04-20T17:14:30 - 41,052,388 VESTS, 23,195 STEEM
6 2023-04-19T07:44:27 - 25,096,635 VESTS, 14,180 STEEM
7 2023-04-20T06:22:45 - 22,189,945 VESTS, 12,537 STEEM
8 2023-04-18T05:30:27 - 22,132,943 VESTS, 12,505 STEEM
9 2023-04-20T19:47:39 - 22,128,501 VESTS, 12,503 STEEM
10 2023-04-23T05:43:33 - 20,939,258 VESTS, 11,831 STEEM

Notes

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

Previous posts

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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o1eh (79) 2 years ago

Interesting information about the number of dolphins, orcas and whales. Thank you.

strawberrry (71) 2 years ago

The new visualization shows well the number of inhabitants on the platform.
This week, I observed a surge in the price of the coin, as well as curation for the bulk of posts fell slightly. The percentage was lower than usual. it only lasted a couple of days.

Thanks for the report.

yas548 (60) 2 years ago

Thanks for the analysis. This week's steem power boost is pretty good. 234K steem is a good number

lupega (70) 2 years ago

Excellent post, what I don't like to see is the SBD that doesn't have an estimated value, I think it's not fair not to receive rewards on this, but hey, you can't do anything, so take this comment as a conversation in which I vent: )