Steem Total Value Powered Up - $41 million - February 26, 2023

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 596K SP, or 0.35%.
• Over the course of the week, we saw five daily increases and four new highs in the number of staked STEEM.
• The modeled value of powered-up (staked) STEEM gained ground against all other comparison tokens. Changes ranged from +4.19% against USD to +8.79% against BTC.
• Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens.
• This week saw a total of 574K STEEM powered down, which is down by about 18% from last week's 698K STEEM (both measured from Sunday through Saturday).
• This marked the 8th consecutive weekly increase in terms of the modeled USD value.

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Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $41,478,251.45
External STEEM market cap (coingecko) $104,678,652.79
Internal STEEM market cap (median_price * current_supply) $103,122,000.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.07	596,071,788	445,758,870	133.72%
steem-dollars	$3.09	13,423,382	11,564,498	116.07%
bitcoin	$23,436.00	1,769	1,477	119.80%
ethereum	$1,628.83	25,465	20,406	124.79%
litecoin	$95.13	436,016	344,287	126.64%
steem	$0.24	169,472,608	166,882,703	101.55%
USD	$1.00	41,478,251	24,516,738	169.18%

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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

Today's observed value was 169,471,329, which is up by about 600K STEEM, or about ¹/₃% from last week's observed value. The graph shows a gently increasing upslope during recent weeks.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value - slightly above $41 million - remained above the December 30, 2022 low of $23,718,335.58 and advanced by another $1 ³/₅ million, ~4.2% -- over last week's value. This was the eighth consecutive weekly increase.

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

Powered-up STEEM gained against TRX by nearly 34 million tokens or roughly 6%.

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

Powered-up STEEM gained by about 749K SBDs over the last week, which is a bit under 6%.

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

After today's observed value of 39.73% the graph was basically flat for the past twelve weeks, although there may be a barely perceptible upslope appearing. We have now seen 328 consecutive days above 39%; 392 consecutive days above 37%; 519 consecutive days above 35%; and 582 straight days above ¹/₃. Will it hold above 39? Will it climb above 40%?

^{*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 moved up by 143 BTC, which is nearly 9%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM advanced in the last seven days by ~2K ETH, or a bit over 8%.

Modeled value of powered-up STEEM in terms of LTC

In the last 7 days, powered-up STEEM gained ground against LTC by about 32K LTC, which is almost 8%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 574K in completed powerdowns last week and 692K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 20% or more. (Note, that 240K of that 692K is actually completed now, because I am measuring from Sunday through Saturday.)

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 1,025 pending power downs (down from 1,027 last week), here are the times, dates, and amounts of the top-10

1 2023-02-28T13:01:15 - 120,039,242 VESTS, 67,565 STEEM
2 2023-03-05T15:05:12 - 104,524,901 VESTS, 58,833 STEEM
3 2023-03-01T20:09:54 - 77,310,558 VESTS, 43,515 STEEM
4 2023-02-26T23:59:09 - 49,490,053 VESTS, 27,856 STEEM
5 2023-02-26T23:00:27 - 44,439,898 VESTS, 25,013 STEEM
6 2023-03-03T22:31:36 - 44,422,457 VESTS, 25,004 STEEM
7 2023-03-04T03:32:24 - 35,874,306 VESTS, 20,192 STEEM
8 2023-03-03T01:10:30 - 26,634,740 VESTS, 14,992 STEEM
9 2023-03-04T18:12:51 - 25,674,195 VESTS, 14,451 STEEM
10 2023-03-05T12:00:42 - 23,757,942 VESTS, 13,372 STEEM

Notes

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

Previous posts

• Steem Total Value Powered Up - $41 million - February 26, 2023
• Steem Total Value Powered Up - $40 million - February 19, 2023
• Steem Total Value Powered Up - $38 million - February 12, 2023
• Steem Total Value Powered Up - $36 million - February 5, 2023
• Steem Total Value Powered Up - $35 million - January 29, 2023
• Steem Total Value Powered Up - $33 million - January 22, 2023
• Steem Total Value Powered Up - $30 million - January 15, 2023
• Steem Total Value Powered Up - $25 million - January 8, 2023
• Steem Total Value Powered Up - $24 million - January 1, 2023

For links from 2021 and 2022, see these posts:

• Steem Total Value Powered Up - $67 million - January 2, 20212022
• Steem Total Value Powered Up - $36 million - June 26, 2022
• Steem Total Value Powered Up - $26 million - December 18, 2022

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