As of 7/28/2016 at 9:45 AM EST, the market cap for Steem is $273,017,614 and the payouts per this article is $1.4M for the past 2 weeks. Not bad for 3 1/2 weeks of being live. But the distribution is highly concentrated.
Steem price is down 30% over the past week so I think smart people are earning Steem and immediately converting it into Bitcoin or into fiat USD. Those who locked significant holdings into Steem Power probably didn't know they had to wait 2 years to get their money back which is an eternity in the crypto world. So I imagine that is happening less now as people find out. I'm curious to know how much Steem Power is out there. Is there a way to do that? Who are the real equity holders?