This post is a weekly, evolving post, analysing Steem(it) by numbers and deducing trends of interest for this project moving forward. As always, I would also invite anyone with special knowledge of Steem(it) to provide analysis (who, what, how, why, witness updates...) of my findings, and I will add this information where relevant to this post. There has been some very valuable contribution to this post in the past 7 weeks which is much appreciated.
Past Weekly Post: Week 7 / Week 6 / Week 5 / Week 4 / Week 3 / Week 2 / Week 1
Steemit Statistics Highlights
- % Steem Dollar to Steem Market Cap Continues to Exceed 2%:
In the 0.14.0 update announced by @steemitblog here a new Steem Dollar Stability mechanism was announced. This dictates that, if Steem Dollars exceed 2% of Steem Market Cap, Author rewards will be paid part in Steem and Steem Power, rather than all Steem Dollars and Steem Power. We have moved through this threshold substantially hitting 2.42% last week, and 2.58% this week. Due to some bug fixes, the Protocol changes will now be effective on 9/20/2016 at 3pm UTC, so expect to receive a % of Steem, rather than Steem Dollars for Author rewards from Tuesday onwards... We would require a ~30% rally in Steem Prices to revert back to the normal Steem Dollar rewards. - Liquid Steem Up, Steem Dollars Down (Week on Week):
Liquid Steem continues to increase in size jumping 12.68% this week, as the large Steem Power holders continue to power down (this reason is backed up by %Steem Power to Steem falling week on week, in ever edition of this post). Steem Dollars post their first weekly decline this week, suggesting an increase in Conversion activity, prompted by the low Steem Dollar price. We are currently hoovering around $0.83 per SBD, so I would not be surprised to this this happen again next week.. For more information on the the Steem Dollar Conversion trade, you can read my post here. - Active User Base Declines..
Active user base is back to roughly Week 6 levels, showing that last weeks gains were not the start of a longer term trend. I would suggest that these numbers have been reasonable unchanged for the past 4 weeks. - Top 100 and Top 10 Accounts Control of Steem Power Continues to Fall:
Whether you include @steemit account in your calculation (-0.35%) or not (-0.50%), the results are the same, another week on week fall in the Top 100 Steem(it) Accounts Control of Steem Power. This is also reflected in the Top 10 accounts control of Steem Power falling 0.95%. Steem Distribution is still ongoing, and I expect to this result recreated next week. - General Activity on Steemit roughly unchanged Week on Week:
Votes, Post and Replies all remain roughly flat week on week. This shows that activity wasn't affected by the small decline in active users this week. - 28% increase in Traded Volume:
This is a positive note for Steem. Increased volume helps with distribution and more accurate price discovery. This in turn, is a metric that I would like to see increase moving forward.
Sources:
https://steemd.com
https://steemd.com/richlist
https://steemle.com/charts.php
https://steemit.com/market
https://poloniex.com/exchange#btc_steem
https://poloniex.com/exchange#usdt_btc
https://coinmarketcap.com/currencies/steem/
https://coinmarketcap.com/currencies/steem-dollars/
Would be interesting to hear your thoughts...
A Special thanks to @steemitguide for graphics provided to this post