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,
According to steemdb.io, weekly powerdowns dropped from 1.5 million STEEM last week to 1.3 million this week. The site currently shows about 600k STEEM pending powerdowns for next week, which is down from 900k last week.
Number of STEEM and value in terms of USD were basically unchanged this week.
The modeled value of powered-up STEEM gained in value against all comparison tokens this week. The increase ranged from 4% for SBD to 8% for ETH.
Here are the numbers as-of a few minutes ago:-
Total value locked in powered-up STEEM (USD): $66,754,771.92
STEEM market cap $184,325,648.32
Locked value in terms of other tokens:
token
price
locked_value equivalent
tron
0.08
858,913,689
steem-dollars
5.62
11,878,073
bitcoin
47,268.00
1,412
ethereum
3,828.80
17,434
litecoin
151.18
441,558
steem
0.47
142,664,923
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.
VESTED STEEM
Continued flattening. No new highs this week, with a tiny overall gain of 100,000 STEEM, or about 0.1%.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, the modeled value for powered-up STEEM ended the week where it began.
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 47 million TRX tokens, or 6% and held on above the 800 million TRX line.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 350k SBD, or just under 4% during the last week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still flat since early October. The value dipped below 36% for a couple days. We have now seen 2 consecutive days above 36%; 99 consecutive days above 35%; 142 consecutive days above 34%; and 162 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
BTC lost ground against the modeled value for powered-up STEEM by about 93 BTC, or 7.65%, during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by 729 ETH or almost 8% in the last week.
Modeled value of powered-up STEEM in terms of litecoin
In terms of LTC, the modeled value of powered up STEEM gained by about 4% or 22K LTC. Still hanging around near the 400k - 500k band.
Daily Powerdown Activity
Finally, here is a new graph with data from steemdb.io to show daily completed and pending powerdown activity. The only way to make a balanced comparison with the numbers from SteemDB is to exclude the current day. If we compare Monday through Saturday completed powerdowns against pending powerdowns for this Monday through Saturday, we see about a 30% reduction.
Notes
Reference prices for STEEM and other tokens are downloaded from coingecko.com