Steem Total Value Powered Up - $54 million - February 6, 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,
- This week saw 5 consecutive daily increases and 5 new highs in the number of staked STEEM
- Today is the 7th consecutive day with the percentage of powered-up STEEM at 37% or above.
- Thanks to a suggestion from @oleh, I have added two columns to the table of numbers at the beginning. One column shows each row's value on January 1, 2022, and the second shows today's percentage as compared to that baseline.
- During the course of the week, the modeled value of powered-up STEEM gained against all comparison tokens and USD.
- Last week saw completed powerdowns in the amount of 590K STEEM and next week shows approximately 640K pending, for an expected weekly increase of about 8.2% or less.
Here are the numbers as-of a few minutes ago (modified this week thanks to a suggestion from @o1eh):-
Total value locked in powered-up STEEM (USD): $54,097,414.19
STEEM market cap $146,098,801.32
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 828,761,611 | 809,173,538 | 102.42% |
| steem-dollars | $4.80 | 11,270,294 | 11,284,131 | 99.88% |
| bitcoin | $41,579.00 | 1,301 | 1,300 | 100.11% |
| ethereum | $2,996.36 | 18,054 | 16,501 | 109.42% |
| litecoin | $123.08 | 439,530 | 411,561 | 106.80% |
| steem | $0.37 | 146,679,792 | 142,930,214 | 102.62% |
| USD | $1.00 | 54,097,414 | 61,837,042 | 87.48% |
And here are the charts, based on data collected daily since April 10.
Daily Changes
Here is a chart of daily changes in powered-up STEEM from April 11 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
This week saw five out of seven daily increases and also new highs on each of those five days. Also, the graph has clearly reestablished an upward slope during the last five weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of approximately $7 million, or 15%. The value remains above its summertime and recent lows, and it represents a gain of $11 million during the last two weeks.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Tron lost ground against powered-up STEEM by 46 million tokens, or about 6%. The total has crossed back above the 800 million line.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 600K SBDs, or 5 1/2% this week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Up - just a touch - again this week, and holding steady above the 37% line. We have now seen 7 consecutive days above 37%, 37 consecutive days above 36%; 134 consecutive days above 35%; 177 consecutive days above 34%; and 197 straight days above 1/3. Also, the graph has started to reestablish an upward-seeming slope in recent weeks. Will it hold above 37%? Will it reach new highs or even go above 38%? The current high, 37.41%, was set back in October.
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 68 BTC, or 5 1/2%, during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by 148 ETH, or less than 1%, in the last week.
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM gained strength by about 14K LTC, or almost 3%. Still hanging around the 400k - 500k band.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 590k powered down last week and 640k pending, we can expect an overall increase in powerdowns by about 8.2% or less in the coming week.
Here are some descriptive statistics for the numbers geeks:
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $57 million - January 9, 2022
- Steem Total Value Powered Up - $60 million - January 16, 2022
- Steem Total Value Powered Up - $43 million - January 23, 2022
- Steem Total Value Powered Up - $46 million - January 30, 2022
- Steem Total Value Powered Up - $54 million - February 6, 2022
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