As of May 2017, there are more than 170,000 Steem accounts. After an initial public beta for which no payments were made, the hard fork on July 4th, 2016 saw $1,300,000 of STEEM and Steem Dollars paid out to Steemit users
The exchange rate of STEEM compared to Bitcoin rose continuously during July 2016, peaking at a price of over 4 US dollars. In most of July 2016, Steem had the third largest market capitalization of all cryptocurrencies monitored by the website Coinmarketcap.com, reaching a first notable peak at July 20th, with about 405 million US dollars. As of May 25th, 2016 its market cap is 258 million United States dollars.

in 2020 more than 200,000,000 Steemit accounts will be integrated in top 15 social networking sites in the world.