I have been doing a few reports on Power Up and Power Down in the past.
Usually how I approach this and most of the other reports is by looking into the power up and power down amounts. The thing is the Hive blockchain distribute rewards in form of Hive Power each day. These are usually overlooked.
To level things up, here we will be looking into the Hive Power payouts as well. Those will be taken as powered up HIVE. After all when author receive a reward in HP, and later power it down, those tokens in first place were put in circulation as Hive Power, or powered up.
@thepeakstudio image
We will be looking at:
- HIVE powered up by date
- Hive powered up by date including Hive Power rewards
- HIVE powered down by date
- Power Up VS power down
- Power Up VS power down including Hive power rewards
- Top 20 Accounts that powered up
- Top 20 Accounts that powered down
The period that we will be looking here is March 21 till August 20, 2020.
HIVE Powered up by date
Here is the chart for the HIVE powered up by date.
The above is Hive Powered without the HP rewards.
We are seeing some big numbers at first, it’s the volatility of a new project and the numbers go down. Around April 25th and just after that there is even bigger drop. This is mainly because of the HIVE price in those days when it reached almost a 1$.
In the last 30 days things are more stable, except for one large power up on July 24th when a total of 886k HIVE was powered up.
Hive powered up by date including Hive Power rewards
Hive Power is distributed as rewards to:
- Authors
- Curators
- Witnesses
When we add up these rewards to the chart above, we get this.
The yellowish are the Hive power rewards. On average around 46k HP rewards per day are distributed.
On average around 131k HP in total was powered up in the last 30 days.
HIVE Powered down by date
The power down chart looks like this.
The big spikes up until June are the exchanges powering down, Binance and Huobi.
In the last 30 days the average power down is 150k per day. If we compare this to the 131k average power up it’s a -19k difference per day.
Power UP VS Power Down
Here is the chart with the difference in HIVE power up VS power down.
Note again on the exchanges powering down.
In the chart above, the Hive Power rewards are already included.
The chart above is for finished power downs. When account start powering down the stake becomes liquid in the 13 weeks period 1/13 each. The above is stake that has become liquid, not started PD.
If we zoom into the last 30 days, where there are no more exchanges powering down the chart looks like this.
For comparison the chart above is without the Hive Power rewards.
We can notice that in most of the days the Power Downs are larger than the Power Ups.
When we include the Hive Power rewards, the charts look like this.
We can see that we have a more even situation now, although the power downs are still larger.
A total of 4.1M HIVE was powered up in the period above and 4.6M HIVE powered down. A difference of 0.6M HIVE. On average there is 19k daily more powered down.
Top 20 Accounts that powered up
Who is powering up the most?
Here is the chart for the period between July 21 – Aug 20, 2020.
The @alpha account comes first with 500k HP, followed by @blocktrades with more than 300k powered up, and then @vcelier.
Top 20 Accounts that powered down
Who is powering down the most?
@likwid at the top with 274k, followed by @livingfree and @payroll.
At the end note on the total share of HIVE powered up. Currently there is a total of 136.7M powered up, out of the total 366M HIVE supply. Its 37.3% share. This is quite a low share of HIVE powered up mostly because of the 83.3M liquid HIVE in the DAO/DHF, that were powered down from the Steemit Inc accounts and transferred there. If we add this to the above the total share will be more than 200M and more than 60%.
Because of this low powered up share, the staking rewards (15% of the inflation) are quite high now and are at 3.35%. The smaller the share of Hive Power, the more Hive Power earns staking rewards. This doesn’t include the curation rewards, that also grows.
When I made the last report, 40 days ago the amount of Powered Up HIVE was 137.4M, now its 136.7M, or a 0.7M drop. I’m thinking of recreating the historical share of powered up HIVE at some point. Will se how it goes.
All the best
@dalz
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@empoderat at 7 position! 😉
He has been a beast latly :)
I'm letting my hair grow coz I wanted it to be like ned's one
I also voted this comment for aggrandizement purposes.
(ofc joking, like ~90% of the time)
Have a great weekend both of you.
Ned's hair cant be matched!
Balls of Steel! He will deserve the gains when the time comes!
Cheers!
By the way, thanks for all the stats you publish, are really interesting!
Thanks for the nice words!
👀
It's actually pretty awesome to have so few coins powered up, especially considering the price of the token is not going down. This gives everyone who has powered up stake even more power over the network, as all liquid coins get devalued by inflation while powered up stake controls 80% of inflation on the network, with the other 20% going to witnesses and the DAO.
There are 137M coins out of 366M coins powered up.
I've never seen it that low.
I think a lot of big players out there are anticipating a spike, and they don't want to get caught with their pants down like last time when we 10xed. This would explain why the correction was so swift when we hit 30+ cents. There's a strong possibility that a lot of money will be exchanging hands soon™. Let's hope that we increase decentralization and get a bunch of new users.
If the value of Hive spikes out of control without coming back down right away people are going to flock to powering up their coins. We get a lot of FOMO when all that "free money" inflation starts rolling in. Especially true if HBD starts trading > $1.
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Well, that’s exactly why I am powering down. To catch one of those random spikes, sell for btc, then buy right back in, hopefully with even more hive + a little profit.
Its that low mostly becouse of the 83M Steemit Inc and Co funds in the dao. If we add those we will be 200M+.
Also what you say make sense ... looks like a bull market is comming and pips want to be liquid :) Meamwhile HP has one of the best APY in the industry.
Oh shit right I forgot about that. Silly me.
Super cool how Coinmarketcap (Binance) decided that money doesn't count for our market cap. Like they actually went in and used programmer resources to change the number. Neat.
I have been keeping track of alot of data since Hive was created. One of those items is the vested ratio. As you pointed out there is a slight trend to the downside after the exchanges finished their powerdown but it's not a lot if you look at it as a percentage. Since June 8 the percentage of staked hive relative to the available supply (total supply - DAO) went from ~61.6% to 60.19%.
This is the graph since from the date that Hive was born.
And this is the one that shows the trend more clearly (the scale was modified to highlight it).
Hey theee are great!
Thats what I meant when on the bottom of the post. Just maybe in absolute HP numbers.
I see you have included the dao :)
We're all waiting for the bull run to make juicy gains, but I'm powering up all my HIVE I couldn't care less about what the price is going to be, because I still have all my STEEM ready to dump at a moments notice lol
Long term HP can give you a lot ... and a piece of mind as well :)
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There might be more power down because people of the big bull run around the corner
That seems to be the case ... although the numbers are almost equal
I'm a real big fan of the display of the charts so that we can get a visual on for example which Hive Accounts are powering up the most. Hopefully my account will someday be on that list haha 👌.
Thanks!
Why not :)
Such a nice post, @dalz.