I set out to see what the total supply of SBD was over time, and I found it interesting to plot both the supply and the price of both SBD and Steem on the same graph. In order to fit them all on the same graph, I have the prices of Steem and SBD in dollars, and I have supply of SBD in millions with the supply of Steem in hundreds of millions. I also cropped off the top of the graph because I wanted to focus on the total supply of SBD.

![sbdsteem.png](https://steemitimages.com/DQmd9KSo2j6fP5JjjghFtS7nmzQdsqxna9AZ4Qxgr8Z8NRG/sbdsteem.png)

I found it interesting how the supply of SBD went from 1.1 million on May 5, 2017, to 3.5 million on July 17, 2017, because those numbers have the supply of SBD more than tripling in a little more than two months. The total supply of SBD stayed roughly the same for about 5 months and then recently the total supply of SBD in circulation doubled from 3.5 million to 7.0 million in just the 51 day period from December 5, 2017, to January 25, 2018.

It is also interesting to observe that when the price of SBD is above $1 then the supply of SBD increases rapidly which makes sense because when SBD is greater than $1 it makes sense for people to go with the default payouts of 50% SBD and 50% Steem which increases the SBD supply, and also when SBD is greater than $1 people tend to trade SBD for Steem instead of converting SBD for $1 worth of Steem which means SBD isn't removed from circulation. Note: Steemit.com recently removed the ability to convert SBD into $1 worth of Steem on their website because they didn't want people to make that costly mistake with the SBD price being so much larger than $1, and I'm assuming they will add that conversion feature back in when the SBD price goes below $1 again.

What I also find interesting is how it seems like when the SBD price starts to rise it leads the price of Steem up along with it. This makes sense because when the SBD price is a lot more than $1, then the 50/50 author rewards are worth a lot more which makes it even more desirable to have Steem Power.

I have no idea how long SBD above $1 streak will last, and I'm surprised how long it has stayed above $1 considering how high the inflation rate of SBD has been. I've heard people call Steem an inflationary currency, but the chart shows that Steem's inflation rate looks almost flat when compared to the steep inflation of SBD supply recently.

It will be interesting to see what happens over the next few months. Back in the middle of 2017 the "Open" price of SBD was over $1 for 83 consecutive days. The current streak of SBD being over $1 has been going on for 64 consecutive days and with SBD trading at around $7 it seems like it has a very good chance of breaking the 83 day streak set back in 2017; however, I've learned not to be surprised when I am surprised by cryptocurrencies.