We have seen that a lot of Steemians now Hivers are powering down STEEM, buying HIVE and powering up. Here we will be looking in the numbers of started power downs on Seem and on Hive and compare them to each other. Data for the daily powering downs will be presented and who are the top accounts that started powering down. At the end a bonus, top Hive accounts that are powering up.
For starters, for historical perspective lets take a look at the overall powering down data on Steem in 2020, while there was still one blockchain. Form January 1 till March 20, 2020.
Data on Power Downs, Jan 1 – March 20, 2020
Here is the chart.
Well not as lovely chart mostly thanks to Binance that started a huge 31 million power down, after powering up and voting on governance on the chain. Huobi started powering down, first on March 8 the next day March 9 Binance as well.
Some general pattern that can be notice from the chart is that before February 14, the amount of daily Power Downs is in the range of a few hundred thousand, something like from 100k to 300k. The average for the period is around 250k.
When the announcement happened on 14th February a lot of Steemians didn’t like it, especially with the token swap wording. I resulted in a 7.5 million SP started to be powered down on that day. Also, we can see that in the last days around the HF 23, that happened on March 20 there is a large amount of power downs.
Data on STEEM and HIVE Power Downs starting March 21 – April 10, 2020
Now let’s take a look how things went after the HardFork. How are the powering downs doing on each blockchain?
Here is the chart for the amount of STEEM and HIVE that has been put in powering down in the period between March 20 and April 10, 2020.
Can you guess what is what?
Obviously, the red color is the HIVE power downs and the white is STEEM. There is significant difference between the two of them. The STEEM powering down continues although it looks like in the last days not much is left, but still the difference is big.
Note that this are power downs that were started. Not realized. It will take 13 weeks for the funds to be totally liquid. A lot of the power downs that were started before March 20 are continuing to gain liquidity in this period.
Almost 40 million STEEM was put to power down after March 20 vs 8.8 million HIVE in the same period.
Overall starting from February 14th approximately 85 million STEEM started powering down, excluding the exchanges that are 42M more.
The peak of the power downs excluding exchanges is before and after the HF. Millions of liquid STEEM each week. There is still a lot of time to go before all this STEEM become liquid. The next two months at least. More than 8000 accounts started powering down since February 14th.
Top 20 accounts that started STEEM power down
Here is the table of the top 20 accounts that started STEEM power down.
Disclaimer: These are approximate amounts and not totally accurate.
This is mainly because of the VEST to STEEM ration that is changing daily, and I have a fixed ration for all the period.
Top 20 accounts that started HIVE power down
Here is the table of the top 20 accounts that started HIVE power down in the period between March 21 and April 10.
Disclaimer as for the previous table, from the reason same as above.
HIVE Power UPs
Here are the top accounts that powered up HIVE in the period from March 21 till April 10th.
More than 2200 accounts powered up at least 1 HIVE or more since March 21.
Looking forward to seeing how thing will evolve especially in the next two to three months.
All the best