Steem Total Value Powered Up - $36 million - August 28, 2022
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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 |
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- Week over week, the number of powered up STEEM increased by about 400K, or 0.26%.
- Over the course of the week, we saw six daily increases and no new highs in number of STEEM powered up.
- The modeled value advanced against BTC, ETH, and TRX. It lost ground against USD, LTC, and SBD. Changes ranged from -5% against USD and LTC to +2% against BTC.
- In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
- This week (Sunday through Saturday) saw a total of 415K STEEM powered down, which is a decrease of 38% as compared to last week's 672K STEEM.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $35,946,828.58
STEEM market cap $90,053,428.66
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 573,827,159 | 809,173,538 | 70.92% |
| steem-dollars | $2.76 | 13,024,213 | 11,284,131 | 115.42% |
| bitcoin | $20,043.00 | 1,793 | 1,300 | 137.96% |
| ethereum | $1,492.79 | 24,080 | 16,501 | 145.93% |
| litecoin | $55.20 | 651,210 | 411,561 | 158.23% |
| steem | $0.23 | 157,592,409 | 142,930,214 | 110.26% |
| USD | $1.00 | 35,946,829 | 61,837,042 | 58.13% |
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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 increase of about 400K, or 1/4%, the graph has a barely perceptible upslope, but remains basically flat for its 12th consecutive week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly decrease of about 2M dollars, or about 5%. 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 by about 1 1/2 million tokens against TRX or a little over 1/4%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Lost ground by about 3,000 SBDs or 0%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still running basically flat for the last few months - aside from an anomalous spike on April 26. With today's observed value of 39.9%, we have now seen 146 consecutive days above 39%; 179 consecutive days above 38%; 210 consecutive days above 37%; 337 consecutive days above 35%; and 400 straight days above 1/3. Will it hold above 39%? Will it climb above 40%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Grew by about 35 BTC, or almost 2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained by about 957 ETH, or about 4%.
Modeled value of powered-up STEEM in terms of LTC
Down by about 33K, or 5%. Still running well above the historical average.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 415K in completed powerdowns last week and 308K pending (both measured from Sunday through Saturday), we can expect powerdowns to decrease next week by about 25% 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 990 pending power downs, here are the times, dates, and amounts of the top-10 |
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1 2022-08-29T23:12:24 - 58,689,804 MVESTS, 32,554 STEEM
2 2022-08-31T09:17:21 - 45,315,796 MVESTS, 25,136 STEEM
3 2022-08-29T20:46:30 - 30,265,957 MVESTS, 16,788 STEEM
4 2022-08-29T10:59:06 - 22,560,687 MVESTS, 12,514 STEEM
5 2022-08-30T07:26:09 - 18,036,623 MVESTS, 10,005 STEEM
6 2022-09-01T20:43:36 - 15,021,215 MVESTS, 8,332 STEEM
7 2022-08-30T19:47:33 - 13,397,689 MVESTS, 7,431 STEEM
8 2022-08-31T14:41:57 - 9,197,459 MVESTS, 5,102 STEEM
9 2022-08-31T06:09:30 - 9,089,161 MVESTS, 5,042 STEEM
10 2022-08-31T09:46:54 - 8,469,066 MVESTS, 4,698 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $34 million - July 3, 2022
- Steem Total Value Powered Up - $37 million - July 10, 2022
- Steem Total Value Powered Up - $36 million - July 17, 2022
- Steem Total Value Powered Up - $38 million - July 24, 2022
- Steem Total Value Powered Up - $41 million - July 31, 2022
- Steem Total Value Powered Up - $41 million - August 7, 2022
- Steem Total Value Powered Up - $43 million - August 14, 2022
- Steem Total Value Powered Up - $38 million - August 21, 2022
- Steem Total Value Powered Up - $36 million - August 28, 2022
For links from 2021 and the first half of 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
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.
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