What STEEM is
STEEM is a proof-of-stake Layer-1 blockchain, currently ranked 405th by market capitalization among the assets we track. As a proof-of-stake Layer-1, STEEM hosts applications, settles their transactions, and lets STEEM holders earn yield by helping validate. Capital at stake — not electricity — is what keeps the chain honest.
Steem is a blockchain-based social media platform that rewards users for creating and curating content, utilizing its native cryptocurrency, STEEM. It aims to democratize content creation and promote a decentralized ecosystem of user-generated content.
How consensus and the token economy connect
Staking ties the token's value to network security: more STEEM bonded means a costlier attack, and stakers are paid for taking that role. Unstaking queues and slashing parameters shape how liquid that capital really is.
Under the hood, STEEM secures its ledger with Delegated Proof of Stake, built on the DPoS algorithm.
Background & fundamentals
STEEM first went live in 2016, giving it roughly 10 years of on-chain price history to draw on. STEEM operates under a semi-centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. STEEM lists a documented core team of 7, so the people behind the project are at least named on the record.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in STEEM. CoinPaprika classifies the project's development status as "Working product".
In sector terms it is most often filed under Platform, Smart Contracts, and Monetization.
Where STEEM sits in the market
At $0.0405, STEEM carries a market capitalization of $21.33M. Around $2.63M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 12.34% of the float — elevated, often a sign of narrative-driven trading.
STEEM carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. STEEM remains -100% beneath its all-time high of $8.57, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
The tape currently reads 24-hour -3.78%, 7-day +1.57%, 30-day -9.15%, 1-year -65.71%. STEEM is currently trading near the bottom of its 365-day range (around the 4th percentile of recent closes).
Volatility profile
Recent action puts STEEM in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -9.15%, a useful input for stop placement and position sizing.
How to evaluate STEEM
For an asset of this type, three lenses matter most:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of STEEM staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen STEEM over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
