Steem Total Value Powered Up - $32 million - July 9, 2023

remlaps-lite (76)in #metrics • last year

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

Week over week, the number of powered up STEEM increased by about 213 thousand SP, or 0.12%.
Over the course of the week, we saw six daily increases and six new highs in the number of staked STEEM.
The modeled value of powered-up (staked) STEEM gained ground against all comparison values, except for SBD and TRX.
Changes ranged from -4.92% against TRX to +14.54% against LTC.
Compared to the January 1, 2023 baseline, the modeled value has lost ground against BTC, ETH, LTC and TRX. It has gained ground against SBD, and USD.
This week's completed powerdowns were reported at 372K, which is a decrease of about 22¹/₂% from last week's 480K.
We saw 2,382 new accounts created - up from 2,163 last week.
Net migrations of account classifications showed 2 more dolphins, 12 fewer minnows, and 10 more redfish.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $31,820,113.37
External STEEM market cap (coingecko) $79,021,985.93
Internal STEEM market cap (median_price * current_supply) $79,356,800.00

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2023	pct of Jan 1 baseline
tron	$0.08	404,111,115	445,758,870	90.66%
steem-dollars	$2.25	14,142,272	11,564,498	122.29%
bitcoin	$30,347.00	1,048	1,477	70.99%
ethereum	$1,869.76	17,018	20,406	83.40%
litecoin	$96.86	328,516	344,287	95.42%
steem	$0.18	176,543,996	166,882,703	105.79%
USD	$1.00	31,820,113	24,516,738	129.79%

And here are the charts, based on data collected daily since April 10, 2021.

This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.

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. Noteworthy this week, the 28-day moving average continued moving downwards, but there's still some daylight visible between that and the zero line.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

Today's downloaded value was 176,527,072, which is up by about 213K STEEM, or about ¹/₁₀% over last week's observed value. The graph continues to show a slight upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - a bit over $32 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained about $23K during the week, a bit less than ¹/₁₀%. This is the 3rd week in a row with a rounded value at $32 million.

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

Powered-up STEEM declined by about 21 million TRX tokens or a bit under 5%. At 403,620,545, this value is currently about 19 million above the June 15 low of 384,259,742.

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

Powered-up STEEM declined by about 53K SBDs, about ¹/₃%, during the last week.

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

With today's observed value of 40.39% the graph drifted below the 40% line again on Wednesday (July 5) and back above after that. We have now seen 4 days above 40%; 461 consecutive days above 39%; 525 consecutive days above 37%; 652 consecutive days above 35%; and 715 straight days above ¹/₃. The graph shows a bit of noise recently, but overall seems basically flat in recent weeks.

^{*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.}

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

Powered-up STEEM advanced by about 7 BTC, or ²/₃%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained in the last seven days by about 366 ETH, or almost 2¹/₄%.

Modeled value of powered-up STEEM in terms of LTC

LTC gave back some of last week's huge gains. The weekly change for powered-up STEEM against LTC was an increase of about 42K LTC, or 14¹/₂%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. The graph shows 372K in completed powerdowns last week and 354K pending (both measured from Sunday through Saturday[GMT time zone]). This represents a potential decrease in powerdowns by about 24% or more.

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 1,203 pending power downs (down from 1,264 last week), here are the times, dates, and amounts of the top-10

1 2023-07-09T22:40:18 - 98,866,430 VESTS, 56,221 STEEM
2 2023-07-10T02:37:39 - 52,854,638 VESTS, 30,056 STEEM
3 2023-07-11T14:42:12 - 44,967,992 VESTS, 25,571 STEEM
4 2023-07-14T16:03:54 - 42,895,933 VESTS, 24,393 STEEM 5 2023-07-14T16:32:42 - 22,008,463 VESTS, 12,515 STEEM
6 2023-07-10T10:42:45 - 19,074,325 VESTS, 10,847 STEEM
7 2023-07-12T12:23:39 - 14,430,589 VESTS, 8,206 STEEM
8 2023-07-14T23:27:00 - 13,503,193 VESTS, 7,679 STEEM
9 2023-07-12T05:26:48 - 12,770,690 VESTS, 7,262 STEEM
10 2023-07-16T10:33:21 - 11,666,571 VESTS, 6,634 STEEM

Notes

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

For links from 2021, 2022 and the first half of 2023, see these posts:

^{Pixabay license, source}

Reminder

Visit the /promoted page and #burnsteem25 to support the inflation-fighters who are helping to enable decentralized regulation of Steem token supply growth.

#tvpu #steemexclusive #penny4thoughts #burnsteem25

last year in #metrics by remlaps-lite (76)

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lupega (70) last year

I am used to doing my POWER UP on Sundays, however it was not possible to do it today, it will be tomorrow, I feel motivated doing this, I see my wallet increase and I feel closer to the community, conclusion, I feel happy doing POWER UP, I am one of these who contributes for himself and others

$0.04

4 votes

[-]

shohana1 (77) last year

According to the data of this report, 219 new account created in a week which sounds really great. 2 new dolphins, 10 new red fish and 12 new minnows is also great. The power up or steem staking increasing is really awesome and indeed its a good news for a steem promoter. I'm involved in some weekly steem, tron, steemit promotional activities in my personal social media account. I'm sure its not only me who is contributing as promoter, there are many steemians whose promoting steem, tron and this platform to their social media and they reach more people to bring them in steemit and influence them to sign up as author or curator. I wish to see more progress and steem as most valuable crypto coin someday!

$0.04

4 votes

[-]

yas548 (60) last year

Thanks for the analysis. power ups are pretty good this week. Let's work to increase it

$0.04

4 votes

Steem Total Value Powered Up - $32 million - July 9, 2023

Noteworthy in the last week

Here are the numbers as-of a few minutes ago

And here are the charts, based on data collected daily since April 10, 2021.

This slide (new after April 16) takes its data from steemchiller's SDS getVestingStats API call.

Daily Changes

VESTED STEEM

Today's downloaded value was 176,527,072, which is up by about 213K STEEM, or about 1/10% over last week's observed value. The graph continues to show a slight upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, today's value at download time - a bit over $32 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained about $23K during the week, a bit less than 1/10%. This is the 3rd week in a row with a rounded value at $32 million.

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

Powered-up STEEM declined by about 21 million TRX tokens or a bit under 5%. At 403,620,545, this value is currently about 19 million above the June 15 low of 384,259,742.

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

Powered-up STEEM declined by about 53K SBDs, about 1/3%, during the last week.

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

*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.

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

Powered-up STEEM advanced by about 7 BTC, or 2/3%.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM gained in the last seven days by about 366 ETH, or almost 21/4%.

Modeled value of powered-up STEEM in terms of LTC

LTC gave back some of last week's huge gains. The weekly change for powered-up STEEM against LTC was an increase of about 42K LTC, or 141/2%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks.

Daily Powerdown Activity

Notes

Previous posts

For links from 2021, 2022 and the first half of 2023, see these posts:

Pixabay license, source

Reminder

Today's downloaded value was 176,527,072, which is up by about 213K STEEM, or about ¹/₁₀% over last week's observed value. The graph continues to show a slight upslope.

In terms of USD, today's value at download time - a bit over $32 million - remains higher than the December 30, 2022 low of $23,718,335.58. It gained about $23K during the week, a bit less than ¹/₁₀%. This is the 3rd week in a row with a rounded value at $32 million.

Powered-up STEEM declined by about 53K SBDs, about ¹/₃%, during the last week.

^{*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.}

Powered-up STEEM advanced by about 7 BTC, or ²/₃%.

Powered-up STEEM gained in the last seven days by about 366 ETH, or almost 2¹/₄%.

LTC gave back some of last week's huge gains. The weekly change for powered-up STEEM against LTC was an increase of about 42K LTC, or 14¹/₂%. The next anticipated LTC halving is on August 2, so it might be interesting to watch this chart in coming weeks.

^{Pixabay license, source}