Steem Total Value Powered Up - $45 million - May 22, 2022
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 grew by about 340K, or just over 0%.
- The week saw 6 daily increases and 6 new highs in number of STEEM powered up. The streak ended after yesterday, though.
- 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 tokens except TRX and SBD. Changes ranged from -2% against SBD to +13% against ETH.
- The modeled value of powered-up STEEM gained ground against the USD by about 10%.
- Total power-downs this week totaled 440K STEEM, down by about 27% from last week's 604K. As noted below, however, that seems likely to change direction next week.
- In terms of all comparison values except for TRX and USD, today's locked value is still 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): $45,474,000.33
STEEM market cap $113,673,490.14
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.08 | 594,571,276 | 809,173,538 | 73.48% |
| steem-dollars | $2.78 | 16,357,554 | 11,284,131 | 144.96% |
| bitcoin | $29,958.00 | 1,517 | 1,300 | 116.73% |
| ethereum | $2,008.40 | 22,641 | 16,501 | 137.21% |
| litecoin | $71.31 | 637,694 | 411,561 | 154.95% |
| steem | $0.29 | 157,385,425 | 142,930,214 | 110.11% |
| USD | $1.00 | 45,474,000 | 61,837,042 | 73.54% |
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 gain of about 340k, the graph has a barely perceptible upward slope over the last week or two.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about 4 million dollars, or 10%. With today's download at $45 million, the value may have bounced off its May 12 bottom near $34 million, and it remains above the lows from June, 2021.
Modeled value of powered-up STEEM in terms of Tron (TRX)
TRX has shown continuing strength in a mostly down market, and gained additional ground against powered-up STEEM by about 8 million tokens or 1.4%. This staying power may make the Steem ecosystem more attractive to some because the Steem blockchain provides a mechanism for people to get TRX tokens by blogging and curating Steem's social media content.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 350K or just over 2%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Running basically flat for the last six weeks, with an anomalous spike on April 26. With today's observed value of 39.68%, we have now seen 48 consecutive days above 39%; 81 consecutive days above 38%; 112 consecutive days above 37%; 239 consecutive days above 35%; and 302 straight days above 1/3. After three months of upslope, the graph seems to have leveled off. Will it hold above 39%? Will it go above 40%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 143 BTC, or 10 1/2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by about 3,700 ETH, or a bit over 13%.
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM gained ground by about 33,000 LTC, or 5 1/2%. Still running 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 440K powered down last week and 885K pending, we can expect weekly powerdowns to increase by as much as a doubling.
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. I could be wrong, but I believe this is the first time that the pending mean has been higher than the historical mean.
Here are some descriptive statistics for the numbers geeks:
And here are the times, dates, and amounts of the top-10 pending powerdowns:
1 2022-05-26T09:28:39 - 247,626,903 MVESTS, 136,225 STEEM
2 2022-05-23T07:20:27 - 136,688,234 MVESTS, 75,195 STEEM
3 2022-05-24T04:54:48 - 118,241,014 MVESTS, 65,047 STEEM
4 2022-05-24T20:05:48 - 59,704,048 MVESTS, 32,844 STEEM
5 2022-05-29T16:03:09 - 51,696,238 MVESTS, 28,439 STEEM
6 2022-05-28T10:50:00 - 46,989,566 MVESTS, 25,850 STEEM
7 2022-05-25T13:30:54 - 39,933,778 MVESTS, 21,968 STEEM
8 2022-05-25T11:21:09 - 32,121,262 MVESTS, 17,671 STEEM
9 2022-05-28T02:33:27 - 30,508,035 MVESTS, 16,783 STEEM
10 2022-05-23T06:43:00 - 28,446,330 MVESTS, 15,649 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $57 million - January 9, 2022
- Steem Total Value Powered Up - $60 million - January 16, 2022
- Steem Total Value Powered Up - $43 million - January 23, 2022
- Steem Total Value Powered Up - $46 million - January 30, 2022
- Steem Total Value Powered Up - $54 million - February 6, 2022
- Steem Total Value Powered Up - $50 million - February 13, 2022
- Steem Total Value Powered Up - $46 million - February 20, 2022
- Steem Total Value Powered Up - $48 million - February 27, 2022
- Steem Total Value Powered Up - $47 million - March 6, 2022
- Steem Total Value Powered Up - $47 million - March 13, 2022
- Steem Total Value Powered Up - $51 million - March 20, 2022
- Steem Total Value Powered Up - $60 million - March 27, 2022
- Steem Total Value Powered Up - $65 million - April 3, 2022
- Steem Total Value Powered Up - $55 million - April 10, 2022
- Steem Total Value Powered Up - $68 million - April 24, 2022
- Steem Total Value Powered Up - $67 million - May 1, 2022
- Steem Total Value Powered Up - $62 million - May 8, 2022
- Steem Total Value Powered Up - $42 million - May 15, 2022
- Steem Total Value Powered Up - $45 million - May 22, 2022
This post has been featured in the latest edition of Steem News...
It is very good to see that steem is still able to hold enough staked value even in this bullish market. Basically steem is able to gain the faith of investors. That's one of the main reason to be a king. Steem is king....
That's a lot of powerdowns , it's amazing how people react to market volatility
There was a slight increase in the Steem exchange rate from the previous week. Currently, I think the external market (traders) are observing the direction of the steem price movement this week.
To encourage an increase in exchange rates, communities need to intensify promotion-steem activities. It seems that in recent months, steemian promotion activities have been rather minimal.
In my opinion, support for the #burnsteem hashtag may have a slight impact on the exchange rate this week, although not significantly. However, I believe this week the exchange rate of steem will move up, even if only by a few cents.
Steem is experiencing this trouble for the downward running of crypto market in past of days. But it is happy to see that steem is handling this in a good hand.
The graph of steem are not soo dangerous as others coin even in this storm in crypto market. That makes steem special to others.
The system is pretty impressive. We are all in the same boat. It is in our hands to expand and strengthen the network.
Steemit is constantly growing. I have an idea that it will continue to grow even more. We must be a strong community. The strength of the community will also show the amount of staked steem. Steem price will also increase our motivation.
Bastante completa la información referente al valor del ETEEM. Gracias.
@remlaps-lite, please, help me. You are a programmer and you know everything about Steemit. One spammer visits my posts and leaves comments that I would like to delete. But, unfortunately, I can not put a flag and hide his comments. Why? How can i do this?
https://steemit.com/art/@vipnata/mirovaya-slava-ansamblya-tancev-narodov-mira-imeni-igorya-moiseeva
Hi, sorry, but I'm honestly not sure. In a community, comments can be muted, but I don't think that works in regular tags. The only way I know to hide it would be to downvote it below zero.
Thank you very much, my friend for your reply.
You mean you dont want this post and you cant report or delete his message :)