What is the current price of Steem?
The current price of Steem is $0.05498 with a 4.43% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Steem is a Layer 1 blockchain built for social media. It launched in 2016 with an unusual premise: put posts, comments and votes themselves on chain, pay contributors out of token issuance rather than advertising revenue, and charge no transaction fee so ordinary social activity is viable. Blocks arrive every three seconds under Delegated Proof of Stake, with stakeholders electing witnesses to produce them.
Steem pioneered most of the ideas later social blockchains reuse: fee-less transactions metered by stake, stake-weighted content rewards, a three-asset model, and human-readable accounts with layered keys separating posting, active, owner and memo authority. It is also the chain Hive forked away from in March 2020, and this page describes Steem, the original network, still producing blocks today.
Official sources:
Steem was created by Daniel Larimer and Ned Scott, who founded Steemit Inc to build the flagship application, Steemit. The chain went live in March 2016. Larimer, who had already built BitShares, designed the consensus layer; Steemit Inc ran the front end and held a very large stake minted in the earliest blocks.
That stake became the defining issue. In February 2020, Justin Sun's Tron Foundation acquired Steemit Inc. Witnesses moved to freeze the acquired stake, arguing it had been earmarked for ecosystem development rather than control. Several large exchanges responded by voting customer deposits to install a new witness set. On 20 March 2020 much of the community forked to create Hive, copying the state and distributing the new token to holders while excluding that stake.
On 20 May 2020 Steem executed hard fork 0.23, called New Steem, moving roughly 23.6 million STEEM from around 65 accounts of Hive-aligned stakeholders into an account named community321. That is still visible in the running software: a live query of node configuration returns HIVE_TREASURY_ACCOUNT = community321. The same fork cut the stake unlock period from 13 weekly installments to four.
Delegated Proof of Stake A maximum of 21 witnesses produce per round: 20 elected by stake-weighted voting plus one rotating backup slot.
Fee-less transactions Usage is metered against stake rather than charged per transaction, which Steem calls intelligent bandwidth allocation. Posting and voting are free at the point of use.
A three-asset model STEEM is liquid. Steem Power is staked STEEM carrying voting weight and a share of issuance. SBD is a separate token designed to track one US dollar, with a savings rate set by witness consensus.
Stake-weighted content rewards Part of issuance funds a reward pool distributed by weighted votes, with a separate downvote allowance.
An on-chain treasury The Steem Proposal System receives a share of issuance into steem.dao and pays approved proposals.
Steem is live: a query to public nodes in September 2026 returned a head block above 109.3 million, advancing on the normal cadence.
Steem's site claims more than 324 applications, but many services from the 2017 and 2018 era are offline. The Steem Engine Layer 2 token platform is one: its main domain no longer resolves.
STEEM is used for:
STEEM is inflationary with no hard cap. Issuance starts near 9.78 percent annually and narrows by 0.01 percentage points every 250,000 blocks toward a 0.95 percent floor. Roughly 65 percent funds content rewards, 15 percent stakers, 10 percent the proposal treasury and the rest witnesses. Since hard fork 0.23, staked STEEM unlocks over four weeks rather than 13.
Smart Media Tokens deserve a note. SMTs were the plan to let any project launch its own token with Steem's reward mechanics, and the whitepaper is still published officially. They were repeatedly delayed and never activated on mainnet.
Security rests on Delegated Proof of Stake and therefore on how stake is distributed among the accounts that elect witnesses. The supporting mechanisms are continuous stake-weighted elections, layered keys so a leaked posting key cannot move funds, protocol-level account recovery, a four-week stake unlock, and witness price feeds used for SBD conversion, which is not fully collateralized and depends on those feeds for its peg.
The 2020 events are the honest lesson. Steem's consensus never failed technically. Its governance was decided by stake assembled off chain, the failure mode this design is structurally exposed to.
Steem invented the working template for on-chain social media: fee-less transactions, stake-metered bandwidth, and content rewards paid from issuance. Nearly every later attempt borrows from it, and Hive is a direct descendant. It is also the clearest documented case of what happens when governance weight can be bought rather than earned.
STEEM trades on centralized exchanges, with availability varying by region. Deposits use a Steem account name plus a memo rather than a hexadecimal address, and a wrong or missing memo can cause permanent loss.
STEEM is commonly associated with venues such as:
Pairs are usually quoted against USDT, BTC or KRW.
STEEM can sit on an exchange, or in a Steem account secured by your own keys, using the layered key system so daily posting does not expose spending authority. Stake can be held as Steem Power, which unlocks over four weeks, and SBD can sit in a savings balance at the witness-set rate. Because several once-common Steem wallet services are offline, verify that any tool you use is currently maintained, and never enter an owner key into a website.
Compare STEEM with related ecosystems on Coinrithm:
Track Steem live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Steem on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Steem with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Steem with real money.
Read the complete paper trading guideThe current price of Steem is $0.05498 with a 4.43% change in the last 24 hours.
The daily trading volume is $167,618 representing a 26.69% change in the past 24 hours.
The market capitalization of Steem is $30,849,131, ranking #426 globally.
The fully diluted valuation (FDV) of Steem is $30,849,161, calculated assuming the total supply of 561,097,866 STEEM is in circulation.
Circulating: 561,097,323. Total: 561,097,866. Max: N/A.
In the last 24 hours, Steem traded between a low of $0.05260 and a high of $0.05511.
STEEM/USDTTether USDT0.05498 USDT
