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 5K, 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 of powered-up STEEM gained ground against all comparison values, except for SBD. Changes ranged from -1% against SBD and 3/4% against ETH to +3% against BTC.
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 560K STEEM powered down, which is a decrease of 12% as compared to last week's 636K STEEM.
We noticed this week that the pending powerdowns reported by SteemDB seem to be underreported by somewhere around 10-25% (or more), so I'm collecting pending powerdowns from the Steemit API now.
Here are the numbers as-of a few minutes ago
Total value locked in powered-up STEEM (USD): $41,244,205.14
STEEM market cap $103,467,470.03
Locked value in terms of other tokens:
token
price
locked value equivalent
Jan 1, 2022
pct of Jan 1 baseline
tron
$0.07
587,214,789
809,173,538
72.57%
steem-dollars
$3.27
12,612,906
11,284,131
111.78%
bitcoin
$23,282.00
1,771
1,300
136.27%
ethereum
$1,712.31
24,086
16,501
145.97%
litecoin
$61.59
669,657
411,561
162.71%
steem
$0.26
157,114,796
142,930,214
109.92%
USD
$1.00
41,244,205
61,837,042
66.70%
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 increase of about 5k, or 0%, the graph is basically flat for its 9th consecutive week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about 400K dollars, or about 1%. 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 continued a multi-month advance against TRX with a gain of about 6 million TRX tokens or a little over 1%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 144K SBDs or 1%
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 39.77%, we have now seen 125 consecutive days above 39%; 158 consecutive days above 38%; 189 consecutive days above 37%; 316 consecutive days above 35%; and 379 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)
Continuing a multi-month advance against BTC with this week's gains of about 54 BTC, or a bit over 3% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained back a bit ground by about 181 ETH, or about 3/4%.
Modeled value of powered-up STEEM in terms of LTC
Up by about 10K, or 1 1/2% for the second week in a row. 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 560K in completed powerdowns last week and 477K pending (both measured from Sunday through Saturday), we can expect powerdowns to decline next week by about 15% or more. However, this does not include 237K in pending powerdowns that are booked for Sunday, August 14.
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.
As noted above, the "pending powerdown"number is coming from the Steemit API now, not from steemdb.io, because steemdb.io seems to be underreporting by a substantial margin. A side-effect from this change is that we can now see ahead into the 8th day.
Here are some descriptive statistics for the numbers geeks:
And with a total of 961 pending power downs, here are the times, dates, and amounts of the top-10:
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