Steem Total Value Powered Up - $37 million - October 16, 2022

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 381K SP, or almost ¹/₄%.
Over the course of the week, we saw six daily increases and six new highs in the number of staked STEEM.
The modeled value gained ground against all comparison values except for USD. Changes ranged from -0.34%% against USD to 9.72% against SBD.
In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
In terms of all comparison tokens except TRX and USD, the modeled value is above its long term average.
This week (Sunday through Saturday) saw a total of 381K STEEM powered down, which is a decline of about 17% as compared to last week's 458K STEEM.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $37,327,177.19
STEEM market cap $89,544,059.19

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.06	608,558,898	809,173,538	75.21%
steem-dollars	$2.28	16,371,568	11,284,131	145.09%
bitcoin	$19,122.91	1,951	1,300	150.12%
ethereum	$1,282.48	29,105	16,501	176.39%
litecoin	$50.91	733,199	411,561	178.15%
steem	$0.23	164,617,475	142,930,214	115.17%
USD	$1.00	37,327,177	61,837,042	60.36%

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. The 28 day moving average is seeing a big drop as the mid-September power-ups by @hungry-griffin fall out of the range.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's observed value was 164,613,698, which is up by ~381K from last week's observed value. The graph retains a slightly perceptible upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decline of about $126K or roughly ¹/₃%. The value is still below the long-term mean, and holds above its recent low 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)

Powered-up STEEM gained ground by about 10 million tokens against TRX or almost 1 ²/₃%.

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

Up by almost 1 ¹/₂ million SBDs or a nearly 10%

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

After today's observed value of 41.67%, the graph shows a slight upslope. We also saw a new high of 31.73% on October 14 (Friday). We have now seen 28 consecutive days above 41%; 195 consecutive days above 39%; 259 consecutive days above 37%; 386 consecutive days above 35%; and 449 straight days above ¹/₃. Will it hold above 41%? Will it climb above 42%

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

Up by about 27 BTC, or almost 1 ¹/₂% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM advanced by roughly 745 ETH, or a little over 2 ¹/₂%.

Modeled value of powered-up STEEM in terms of LTC

Gained ground by about 32K, or a bit over 4 ¹/₂%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 381K in completed powerdowns last week and 358K pending (both measured from Sunday through Saturday), we can expect powerdowns to decrease next week by about 5 ¹/₂% 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 1,233 pending power downs (down from 1,313 last week), here are the times, dates, and amounts of the top-10

1 2022-10-22T05:20:18 - 123,985,412 MVESTS, 69,051 STEEM
2 2022-10-23T16:02:15 - 84,307,551 MVESTS, 46,953 STEEM
3 2022-10-18T12:51:48 - 29,427,358 MVESTS, 16,389 STEEM
4 2022-10-21T11:11:21 - 21,324,320 MVESTS, 11,876 STEEM
5 2022-10-21T11:10:57 - 16,897,684 MVESTS, 9,411 STEEM
6 2022-10-21T16:15:57 - 13,071,148 MVESTS, 7,280 STEEM
7 2022-10-20T19:30:51 - 11,019,911 MVESTS, 6,137 STEEM
8 2022-10-20T19:47:09 - 8,499,529 MVESTS, 4,734 STEEM
9 2022-10-23T15:32:48 - 7,213,137 MVESTS, 4,017 STEEM
10 2022-10-20T21:22:33 - 6,845,010 MVESTS, 3,812 STEEM

Notes

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

Previous posts

For links from 2021 and the first half of 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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pennsif (79) 2 years ago

An interesting coincidence that the power-up increase matched the power downs !

remlaps-lite (76) 2 years ago

Yeah, it is. I thought I had a typo at first.

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strawberrry (71) 2 years ago

At the moment, I am observing a decline in the price on the stock exchange, it is worth buying) The price will definitely grow up! thanks for the report

steemit.contest (75) 2 years ago

Oh, yes, I also watched 6 great jumps up the price of steem and it's great. Thank you for another informative report

lupega (70) 2 years ago

Something unusual in relation to the increase and the decrease

yas548 (60) 2 years ago

overall a great performance. This is a long process and it must be sustained decisively.

pennsif (79) 2 years ago

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

The Steem News @ 17 October 2022 : Steemit Engagement Challenge Season 5 Week 2

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