Steem Total Value Powered Up - $37 million

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.

Note:

I'm posting early this week because we have plans to see @cmp2020 in Beethoven's 9^th today at Basking Ridge, NJ, so today's values may change slightly in next week's graphs.

Noteworthy in the last week

Week over week, the number of powered up STEEM increased by about 515K SP, or ³/₁₀%.
Over the course of the week, we saw seven daily increases and seven new highs in the number of staked STEEM. The current streak of consecutive new highs stands at nine.
The modeled value lost ground against all comparison values except for USD and BTC. Changes ranged from -2.13% against LTC to +0.28%% against USD.
In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
In terms of all comparison tokens except TRX and USD, the modeled value is above its long term average.
This week (Sunday through Saturday) saw a total of 357K STEEM powered down, which is a decline of about 6% as compared to last week's 381K STEEM.

Here are the numbers as-of a few minutes ago

Total value locked in powered-up STEEM (USD): $37,316,085.10
STEEM market cap $89,343,632.93

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.06	606,588,073	809,173,538	74.96%
steem-dollars	$2.30	16,224,384	11,284,131	143.78%
bitcoin	$19,189.50	1,944	1,300	149.58%
ethereum	$1,313.79	28,403	16,501	172.13%
litecoin	$52.30	713,500	411,561	173.36%
steem	$0.23	165,125,650	142,930,214	115.53%
USD	$1.00	37,316,085	61,837,042	60.35%

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 165,129,391, which is up by ~515K, or ³/₁₀% from last week's observed value. The graph retains a slightly perceptible upslope.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly increase of about $100K or roughly ¹/₄%. The value is still below the long-term mean, and holds above its recent low near $34 million. It also remains above the low of ~27 million from June 22, 2021.

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

Powered-up STEEM lost ground by about 100 thousand tokens against TRX or about ¹/₅₀%.

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

Down by almost 450K SBDs or a nearly 2 ³/₄%

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

After today's observed value of 41.75%, the graph continues to show a slight upslope. We also saw a new high of 31.80% on October 19 (Wednesday). We have now seen 35 consecutive days above 41%; 202 consecutive days above 39%; 266 consecutive days above 37%; 393 consecutive days above 35%; and 456 straight days above ¹/₃. Will it hold above 41%? Will it climb above 42%

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

Up by about 2 BTC, or ¹/₁₀% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Powered-up STEEM lost ground by roughly 525 ETH, or a little under 2%.

Modeled value of powered-up STEEM in terms of LTC

Lost ground by about 15K, or a bit over 2%.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 357K in completed powerdowns last week and 373K pending (both measured from Sunday through Saturday), we can expect powerdowns to increase next week by about 4% 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 1,392 pending power downs (up from 1,233 last week), here are the times, dates, and amounts of the top-10

1 2022-10-23T16:02:15 - 84,307,551 MVESTS, 46,979 STEEM
2 2022-10-25T12:51:48 - 29,427,358 MVESTS, 16,398 STEEM
3 2022-10-28T11:11:21 - 21,324,320 MVESTS, 11,883 STEEM
4 2022-10-25T16:51:09 - 17,952,918 MVESTS, 10,004 STEEM
5 2022-10-27T15:33:24 - 17,950,100 MVESTS, 10,002 STEEM
6 2022-10-28T11:10:57 - 16,897,684 MVESTS, 9,416 STEEM
7 2022-10-28T16:15:57 - 13,071,148 MVESTS, 7,284 STEEM
8 2022-10-27T19:47:09 - 8,499,529 MVESTS, 4,736 STEEM
9 2022-10-23T15:32:48 - 7,213,137 MVESTS, 4,019 STEEM
10 2022-10-27T21:22:33 - 6,845,010 MVESTS, 3,814 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

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

Steem Total Value Powered Up - $37 million - October 23, 2022

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.