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 65K, or 0%.
Over the course of the week, we saw five daily increases and no new highs in number of STEEM powered up.
The modeled value advanced against SBD, ETH, and LTC. It lost ground against USD, BTC, and TRX. Changes ranged from -12% against USD to +4 1/2% against ETH.
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 672K STEEM powered down, which is an increase of 40 1/2% as compared to last week's 478K STEEM.
Here are the numbers as-of a few minutes ago
Total value locked in powered-up STEEM (USD): $37,714,801.55
STEEM market cap $94,566,903.57
Locked value in terms of other tokens:
token
price
locked value equivalent
Jan 1, 2022
pct of Jan 1 baseline
tron
$0.07
570,589,148
809,173,538
70.52%
steem-dollars
$2.91
12,960,412
11,284,131
114.86%
bitcoin
$21,467.00
1,756
1,300
135.12%
ethereum
$1,627.96
23,166
16,501
140.40%
litecoin
$55.28
682,250
411,561
165.77%
steem
$0.24
157,174,477
142,930,214
109.97%
USD
$1.00
37,714,802
61,837,042
60.99%
And here are the charts, based on data collected daily since April 10, 2021.
I'm posting early this week due to time constraints and today's final numbers haven't been downloaded yet, so these graphs might change slightly next week.
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 65k, or 0%, the graph is basically flat for its 11th consecutive week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly decrease of about 5M dollars, or about 12%. 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 declined by 37M tokens against TRX or a little over 6%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by almost 190K SBDs or nearly 1 1/2%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still running basically flat for the last couple of months - aside from an anomalous spike on April 26. With today's observed value of 39.8%, we have now seen 139 consecutive days above 39%; 172 consecutive days above 38%; 203 consecutive days above 37%; 330 consecutive days above 35%; and 393 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)
Lost ground by about 7 BTC, or almost 1/2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained by about 1,000 ETH, or about 4 1/2%.
Modeled value of powered-up STEEM in terms of LTC
Up by about 7,600, or 1 1/10%. 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 672K in completed powerdowns last week and 413K pending (both measured from Sunday through Saturday), we can expect powerdowns to decrease next week by about 38% 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 948 pending power downs, here are the times, dates, and amounts of the top-10:
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