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Steem Total Value Powered Up - $66 million - December 26, 2021

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remlaps-lite
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2 years agoSteemit6 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 in the last week,

  • The modeled value for powered up STEEM gained by about $4 million, or 6% against the USD.
  • Continued sideways movement in the reported number of powered-up STEEM. No new highs in the last 13 days.
  • The modeled value for powered up STEEM was flat against SBD and BTC.
  • The percent of market cap powered up was also flat.
  • The modeled value for powered up STEEM showed modest gains against ETH (2.4%), TRX (5.3%) and LTC (6.4%).
  • For powerdowns, SteemDB shows 1,538,409 STEEM powered down in the last week, and 902,629 STEEM pending in the next week. This reflects a week-over-week reduction of 41.33%, but pending numbers do not include Sunday, Jan 2, so it's not necessarily the best comparison. (If we do a week over week comparison from Monday through Saturday, the days with complete numbers, we see a reduction of about 14%.)
  • -
    See the new graph at the bottom of this week's data for completed and pending powerdown activity.

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

Total value locked in powered-up STEEM (USD): $65,625,341.17
STEEM market cap $181,495,134.70

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.08805,545,081
steem-dollars5.8011,314,713
bitcoin50,404.001,301
ethereum4,080.4716,082
litecoin156.31419,840
steem0.46142,567,707

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. Frequent transitions between positive and negative began around October 11 and continued through this week.

image.png

VESTED STEEM

Continued flattening. No new highs this week, with a tiny overall decline of 1/2 million STEEM, or about 0.3%.

image.png

Modeled value of powered-up STEEM in terms of USD

In terms of USD, the modeled value for powered-up STEEM was up by about $4 million, or 6.6%.

image.png

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

This week, the modeled value for powered-up STEEM gained in strength against TRX by about 40 million TRX tokens, or 5 1/2% and clawed its way back above 800 million TRX.

image.png

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

Down by about 40k SBD, or just under 1/2% during the last week.

image.png

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

Still flat since early October. We have now seen 17 consecutive days above 36%; 92 consecutive days above 35%; 135 consecutive days above 34%; and 155 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?

image.png

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

BTC gained in strength against the modeled value for powered-up STEEM by about 4 BTC, well under 1%, during the week.

image.png

Modeled value of powered-up STEEM in terms of Ethereum

Up by 377 ETH or ~2.4% in the last week.

image.png

Modeled value of powered-up STEEM in terms of litecoin

In terms of LTC, the modeled value of powered up STEEM gained by about 6.4% or 25K LTC. Still hanging around near the 400k - 500k band.

image.png

Daily Powerdown Activity

Finally, here is a new graph with data from steemdb.io to show daily completed and pending powerdown activity.

Note that today's number reflects a combination of completed and pending.

image.png

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