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Steem Total Value Powered Up - $62 million - July 30, 2021

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3 years agoSteemit4 min read

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 this week, the number of powered-up STEEM tokens has reached new highs for the last 16 consecutive days (new highs, that is, since I began tracking, in April). The number, percent, and modeled value have all moved up a bit since last week's post, and the value of powered-up STEEM is currently at a value that had not been logged since June 7.

Here are the numbers as of a few minutes ago.

Total value locked in powered-up STEEM (USD): $62,559,937.74
STEEM market cap $185,367,720.96

Locked value in terms of other tokens:

token	price	locked_value equivalent
tron	0.06	979,994,951
steem-dollars	6.98	8,962,741
bitcoin	41,912.00	1,492
ethereum	2,478.52	25,240
litecoin	146.04	428,375
steem	0.48	129,799,942

And here are the charts, based on data collected daily since April 10.

VESTED STEEM

After a streak of 51 consecutive new highs ended on July 7, we're currently back at a new high and on a 16 day streak.

Value of powered-up STEEM in terms of USD

This week, the value of powered-up STEEM broke $60,000,000 for the first time since June 9, and - at a bit under $63 million - the present value is the highest collected since June 7.

Value of powered-up STEEM in terms of tron (TRX)

After recovering from its June drops, the value of powered-up STEEM in terms of TRX is solidly back in the 800 million to 1 billion trading range where it seems so comfortable. It's looking like it might even try to break above a billion. We'll see...

Value of powered-up STEEM in terms of Steem Dollars

In terms of SBD, the value of powered-up STEEM had been hugging the 8 million line for about two months. The last couple days, however, it moved up towards 9 million. It may be worth observing that the total number of SBDs in circulation is only 8.3 million.

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

Like I always say, this is my favorite graph. It broke above ¹/₃ of Steem's total market cap for the last 6 days. Let's see if it manages to hold the line in coming weeks. For context, I happened to notice the other day that the staking rate for Tron is 32.85%, so that's also around ¹/₃, just below the line.

Value of powered-up STEEM in terms of bitcoin (BTC)

Still drifting around 1,500 BTC with a modest gain, but mostly sideways motion in the last week.

Value of powered-up STEEM in terms of ethereum

Not much change in terms of ETH value powered up.

Value of powered-up STEEM in terms of litecoin

Solid gains this week for the value of powered-up STEEM in terms of LTC.

Notes

Reference prices for STEEM and other tokens are downloaded from coingecko.com

steem metrics tvpu penny4thoughts steemexclusive

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