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 112K, or not quite 0.1%.
Over the course of the week, we saw four 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. Changes ranged from 0% against ETH to +7% against USD.
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 636K STEEM powered down, which is an increase of 4% as compared to last week's 612K STEEM.
Here are the numbers as-of a few minutes ago
Total value locked in powered-up STEEM (USD): $40,645,736.96
STEEM market cap $102,176,025.22
Locked value in terms of other tokens:
token
price
locked value equivalent
Jan 1, 2022
pct of Jan 1 baseline
tron
$0.07
579,172,358
809,173,538
71.58%
steem-dollars
$3.20
12,701,792
11,284,131
112.56%
bitcoin
$23,860.00
1,703
1,300
131.04%
ethereum
$1,719.49
23,638
16,501
143.26%
litecoin
$62.00
655,576
411,561
159.29%
steem
$0.26
157,111,083
142,930,214
109.92%
USD
$1.00
40,645,737
61,837,042
65.73%
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 112k, or less than 1/10%, the graph is basically flat for its 8th consecutive week, with a barely perceptible 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 about 7%. 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 15 1/2 million TRX tokens or a little over 2 3/4%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 244K 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 39.85%, we have now seen 118 consecutive days above 39%; 151 consecutive days above 38%; 182 consecutive days above 37%; 309 consecutive days above 35%; and 372 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)
Up by about 44 BTC, or a bit over 2 1/2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained back a tiny bit of ground by about 69 ETH, or about 3/10%.
Modeled value of powered-up STEEM in terms of LTC
Up by about 10K, or 1 1/2%. 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 636K in completed powerdowns last week and 481K pending (both measured from Sunday through Saturday), we can expect powerdowns to decline next week by about 24% 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 990 pending power downs, here are the times, dates, and amounts of the top-10:
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