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 decreased by about 13K, or about 0.01%.
Over the course of the week, we saw five daily increases and no new highs in number of STEEM powered up.
The modeled value of powered-up STEEM gained ground against all comparison values, except for ETH. Changes ranged from -9% against ETH to +8% against TRX.
In terms of all comparison values except for TRX, and USD, today's locked value is higher than the January 1, 2022 baseline.
This week saw a total of 612K STEEM powered down, which is a decline of 11% as compared to last week's 690K STEEM.
Here are the numbers as-of a few minutes ago
Total value locked in powered-up STEEM (USD): $37,998,526.65
STEEM market cap $95,440,735.69
Locked value in terms of other tokens:
token
price
locked value equivalent
Jan 1, 2022
pct of Jan 1 baseline
tron
$0.07
562,283,056
809,173,538
69.49%
steem-dollars
$3.05
12,458,533
11,284,131
110.41%
bitcoin
$22,786.00
1,667
1,300
128.27%
ethereum
$1,603.64
23,695
16,501
143.60%
litecoin
$59.09
643,061
411,561
156.25%
steem
$0.24
157,220,103
142,930,214
110.00%
USD
$1.00
37,998,527
61,837,042
61.45%
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 decrease of about 13k, or 1/100%, the graph is basically flat for its 7th consecutive week, with an imperceptible downslope.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about 2.6 million dollars, or a little under 7 1/2%. 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 advanced against TRX by about 42 million TRX tokens or a little over 8%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 252K SBDs or 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 39.81%, we have now seen 111 consecutive days above 39%; 144 consecutive days above 38%; 175 consecutive days above 37%; 302 consecutive days above 35%; and 365 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)
Basically flat. Up by about 2 BTC, or 1/10% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
With ETH's massive gains this week, powered-up STEEM lost ground by about 2K ETH, or about 9%.
Modeled value of powered-up STEEM in terms of LTC
Up by almost 12K, or 2%. 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 611K in powerdowns last week and 556K pending for next week, we can expect powerdowns to decline next week by about 9% 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.
Here are some descriptive statistics for the numbers geeks:
And with a total of 1,206 pending power downs, here are the times, dates, and amounts of the top-10:
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