This is a historical graph of both Total STEEM and Liquid STEEM supply
(Note) There are two different scales on this graph. For full scale, see graph below.
Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)
- When STEEM is liquid, it can be readily sold and purchased.
- When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.
This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP
I created these charts with data that I collected over the last few months.
Why are these graphs important?
STEEM is created at a high rate. Currently 8.74% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.
I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.
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For a breakdown of how Steemit Rewards system works:
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-keys
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
We tend to see a lot of people to put more liquid Steem on the market.
Source @penguinpablo
https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-friday-september-28-2018
See how there are ZERO withdrawals from exchanges. That is because all major exchanges have STEEM nodes that keep track of transfers. Those nodes are down since the STEEM blockchain issue almost two weeks ago. Until they go back on line, there will be no transfers from a major exchange like Binance for instance. This means people can buy STEEM on the exchange, but cannot transfer any of that STEEM to their account and therefore they cannot take any of that STEEM and Power Up.