Steem Total Value Powered Up - $55 million - April 10, 2022

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,

• Today is the one year mark since I started gathering these numbers.
• Week over week, the number of powered up STEEM increased by 187K, or just about ¹/₁₀%.
• The week saw 5 daily increases and 4 new highs in number of STEEM powered up..
• At 39.55%, the series-long high as a percentage of market cap was recorded on Tuesday (April 5).
• The modeled value of powered-up STEEM lost ground against USD and all comparison tokens.
• Last week's powerdowns totaled 561K. This week had a small increase to 582K. Pending powerdowns for next week clock in at 571K.
• In terms of all comparison tokens except for BTC, today's locked value is higher than the January 1, 2022 baseline.

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Here are the numbers as-of a few minutes ago:

Total value locked in powered-up STEEM (USD): $55,193,954.79
STEEM market cap $139,844,007.81

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.06	861,786,134	809,173,538	106.50%
steem-dollars	$4.56	12,103,937	11,284,131	107.26%
bitcoin	$43,173.00	1,278	1,300	98.35%
ethereum	$3,293.33	16,759	16,501	101.57%
litecoin	$113.96	484,327	411,561	117.68%
steem	$0.35	155,882,541	142,930,214	109.06%
USD	$1.00	55,193,955	61,837,042	89.26%

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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 200 thousand, this week saw five out of seven daily increases and also new highs on 4 days. The graph is showing signs of leveling off.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decrease of about $10 million, or 15%. The value remains above its summertime and more recent lows.

Modeled value of powered-up STEEM in terms of Tron (TRX)

Powered-up STEEM lost ground against TRX by about 36 million, or about 4%. Still running the gauntlet between 800 million and one billion.

Modeled value of powered-up STEEM in terms of Steem Dollars

Down by about 360K, or a bit under 3%

Modeled value of powered-up STEEM as a percentage of Steem's market cap

After dipping below 39% on Monday, it reached a new high on Tuesday, and stayed in that range for the rest of the week. We have now seen 6 consecutive days above 39%; 39 consecutive days above 38%; 70 consecutive days above 37%; 197 consecutive days above 35%; and 260 straight days above ¹/₃. After three months of upslope, the graph is now showing signs of leveling off. Will it hold above 39%? Will it go above 40%?

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

Down by about 128 BTC, or 9% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Down by about 2,000 ETH, or 10 ¹/₂%.

Modeled value of powered-up STEEM in terms of Litecoin

Powered-up STEEM declined by about 30,000 LTC, or about 5 ¹/₂%. 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 582K powered down last week and 571K pending, we can expect weekly powerdowns to be basically flat.

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:

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
• Steem Total Value Powered Up - $50 million - February 13, 2022
• Steem Total Value Powered Up - $46 million - February 20, 2022
• Steem Total Value Powered Up - $48 million - February 27, 2022
• Steem Total Value Powered Up - $47 million - March 6, 2022
• Steem Total Value Powered Up - $47 million - March 13, 2022
• Steem Total Value Powered Up - $51 million - March 20, 2022
• Steem Total Value Powered Up - $60 million - March 27, 2022
• Steem Total Value Powered Up - $65 million - April 3, 2022
• Steem Total Value Powered Up - $55 million - April 10, 2022

For 2021 links, see this post:

• Steem Total Value Powered Up - $67 million - January 2, 20212022