Steem Total Value Powered Up - $30 million - November 27, 2022

remlaps-lite (76)in #metrics • 2 years ago

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. Still down after the FTX meltdown, but this week saw another little bit of a rebound...

Noteworthy in the last week

The standout this week was LTC, which gained about 18% during the week.
Week over week, the number of powered up STEEM decreased by about 400K SP, or 0.24%.
Over the course of the week, we saw two daily increases and no new highs in the number of staked STEEM.
The modeled value gained ground against all comparison tokens, except for LTC and TRX. Changes ranged from -16% against LTC to ~4% against USD and BTC.
The modeled value remains above its January 1 baseline for SBD, BTC, and ETH. It is now below its January 1 baseline in terms of TRX, USD, and LTC.
This week (Sunday through Saturday) saw a total of 1 million STEEM powered down, which is an increase of about 111% as compared to last week's 473K STEEM (Sunday through Saturday).

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $30,281,697.27
Exernal STEEM market cap (coingecko) $71,695,259.98
Internal STEEM market cap (median_price * current_supply) $75,721,200.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.05	560,865,649	809,173,538	69.31%
steem-dollars	$2.20	13,764,407	11,284,131	121.98%
bitcoin	$16,543.15	1,830	1,300	140.81%
ethereum	$1,213.04	24,963	16,501	151.29%
litecoin	$75.39	401,667	411,561	97.60%
steem	$0.18	166,862,452	142,930,214	116.74%
USD	$1.00	30,281,697	61,837,042	48.97%

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

Today's observed value was 166,858,430, which is down by ~400K, or ¹/₄% from last week's observed value. The graph trends down slightly for the week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly increase by about $1.1 million or roughly 4%.

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

Powered-up STEEM lost ground by about 12 million tokens against TRX or 2%.

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

Up by about 19K SBDs or about ¹/₁₀%

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

After today's observed value of 42.26% the graph has been basically flat for two consecutive weeks. We have now seen 12 consecutive days above 42%; 70 consecutive days above 41%; 237 consecutive days above 39%; 301 consecutive days above 37%; 428 consecutive days above 35%; and 491 straight days above ¹/₃. A new high of 42.4% was observed on Wednesday (November 23). Will it hold above 42%?

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

Up by about 72 BTC, or 4% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM advanced by about 94 ETH, or roughly ²/₅%.

Modeled value of powered-up STEEM in terms of LTC

Powered-up STEEM lost ground by about 76K LTC, or 16%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 1 million in completed powerdowns last week and 1 million pending (both measured from Sunday through Saturday[GMT time zone]), we can expect powerdowns to increase next week by about ¹/₃% or less.

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. "Pending" numbers now come from the Steemit API, not from steemdb.io.

Here are some descriptive statistics for the numbers geeks

And with a total of 1,268 pending power downs (down from 1,334 last week), here are the times, dates, and amounts of the top-10

1 2022-12-04T07:49:48 - 211,305,858 VESTS, 118,077 STEEM
2 2022-12-02T07:50:09 - 195,598,627 VESTS, 109,300 STEEM
3 2022-12-01T16:25:36 - 179,100,041 VESTS, 100,081 STEEM
4 2022-11-28T09:40:24 - 109,074,075 VESTS, 60,950 STEEM
5 2022-11-29T06:27:39 - 100,183,501 VESTS, 55,982 STEEM
6 2022-11-29T07:23:33 - 98,694,754 VESTS, 55,150 STEEM
7 2022-12-01T08:53:30 - 80,687,536 VESTS, 45,088 STEEM
8 2022-11-28T09:40:42 - 78,586,531 VESTS, 43,914 STEEM
9 2022-11-28T13:12:27 - 56,494,157 VESTS, 31,569 STEEM
10 2022-12-01T08:39:36 - 44,844,175 VESTS, 25,059 STEEM

Notes

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

For links from 2021 and the first half of 2022, see these posts:

^{Pixabay license, source}

Reminder

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