Try Quests to earn FLOWDeFi on Flow
Introduction
Flow refers to a blockchain that is both decentralized and easy for programmers to use. Flow was created to support the next wave of software, content, and digital assets. It is claimed that the Flow project's architecture provides the necessary performance for common use cases.
FLOW token is the native currency of the Flow network. It is the exclusive token for staking, delegating, paying transaction fees, and paying storage fees. It is also the primary token used for buying, selling, and trading assets and experiences on Flow.
The goal of DeFi is to get rid of the third parties that are involved in all financial transactions.
Dapper Labs designed Flow around the idea of composability, making it simple for programmers to make cutting-edge, commercially viable applications, games, and more for the next generation of digital platforms. To unite major brands on a highly scalable, future-proof blockchain, composability may prove to be the missing key to unlocking widespread adoption of blockchain technology.
Method
This dashboard tend to deals with Defi on flow by using of flow.core.ez_swaps, flow.core.fact_prices & flow.core.ez_staking_actions tables and calculate aforementioned metrics.
Volume of tokens such as: FlOW, REVV, BLT, SPRT, STARLY that are tokens on Flow blockchain get from Coinmarketcap.
Frequency of time period, selected in weekly but you can change it by above tapes and the period time are changeable by Past_weeks parameter that shows the number of calculation weeks.
✍🏻 Conclusion
As of Findings Above:
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The weekly decline in token prices and the monthly decline in the volume of token deposits and withdrawals are both correlated.
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RLY's weekly net flow was the biggest ever recorded for a single month.
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The fact that the number of token swaps has been rising at a time when their prices have been falling suggests that tokens are being exchanged at a faster rate than their value.
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STARLY's weekly transfer volume was the largest ever recorded, and the weekly transfer volumes of the other nine tokens plummeted as their prices fell.
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When it comes to weekly inbound volume, RLY set a new record.
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The weekly outgoing volume for BLT was its biggest on record.
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When compared to Solana and BSC, Ethereum's 6 tokens have the highest volume of inbound and outward tokens, and the tokens on Ethereum also exhibit greater growing patterns.
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And finally, I’m glad to share this research with those who care about this issue via Twitter link, and will be pleased by your comments.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
Flow’s DeFi landscape is nascent but growing quickly. For DeFi enthusiasts coming to Flow, what information might they need to best understand this part of Flow’s growing ecosystem?
In this dashboard you will observe an analysis that tracks prices for Flow fungible tokens, looking for the following data points:
> * ticker > * volume on DEX by ticker > * volume on CEX by ticker > * liquidity on DEX > * price > * market capitalization, and fully diluted value.
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
:mag_right: Findings:
- The daily wagering total is incredibly unpredictable, yet nevertheless manages to follow a regular pattern.
- Another large amount of FLOW is staked every weeks.
- As time goes on, this is unquestionably a development to watch for, and perhaps even an area of investment possibility.
- The images above depicting cumulative trends likewise follow a similar pattern to the staking data
- If the cumulative graphs continue to grow in size and quantity, it's a good sign that people have faith in the network.
- However, they are practically entirely dependent on the weekly stake by an anonymous person- if this guy decided to pull out all at once, it might be disaster for the ecosystem
:hourglass_flowing_sand: Inbound Bridging Overview
:mag_right: Findings:
The visuals in this sections show the Bridging overview for Inbounding transactions from other chains to Flow network.
There were spike on transactions count and unique Bridgers count in the second half of Jan 2022, when bridging from Solana and BSC to Flow.
Although, in terms of bridged volume on this date Ethereum,
It is still the leader.
BLT and STARLY tokens mainly came into Flow from Solana and BSC, and Ethereum mostly sent RLY and USDC.
In cumulative state based on bridging transactions count, Solana passed 400 transactions in total that followed by Ethereum below 400 tx.
In the other hand the cumulative in terms of volume in USD Ethereum passed $4M, while Solana that follow that is in the below $800K.
As of charts right, the most of Bridgers tend to bridge their assets to Flow by blocto and the few of them using of cbridge instead of blocto.
:mag_right: Findings:
The visuals in this sections show the Bridging overview for Outbounding transactions from Flow network to other chains.
There were spike on transactions volume in the third week of Jul 2022, when bridging from Flow to BSC, that recorded $2.93M bridged volume per week.
Overall, mostly Outbound bridged activities executed to transfer assets from Flow to Ethereum chain.
As of previous section**, BLT** and STARLY tokens mainly sent to Solana and BSC, and Ethereum mostly received USDTand FLOW.
In cumulative Ethereum is the top destination of bridged assets from Flow.
As same as previous section, the most of Bridgers tend to bridge their assets from Flow by blocto and the few of them using of cbridge instead of blocto.
:mag_right: Findings:
The data for for table right and following definitions brought from Coinmarketcap.
Following chart shows the average changes price over time for tokens. that indicate following the crypto markets condition the average price for past 54 weeks (past year) ae in the downward trend.
Blocto token (BLT) is the utility and governance token of Blocto (Flow wallet) and the wallet's interconnective link.
FuseDollar (fUSD) is a US Dollar-pegged stablecoin. It simplifies bitcoins and DeFi for regular folks.
REVV is an ERC-20 utility coin used in Animoca Brands' game dApps.
Rally's token is RLY. Rally lets innovators and communities launch cryptocurrency. By creating "social tokens," fans may access unreleased content and goods, while creators can open new money streams.
STARLY hosts multi-sport NFTs. Sportium NFTs let users collect, trade, play, and earn using the platform.
:mag_right: Findings:
This part has been allocated to new swappers and swaps metrics over the time.
As of chart above there were a spike on Sep 2021, on new swappers count per week and then decreased to date.
The second half of Jan 2022, was the most volatile weeks on swap metrics of Flow blockchain.
The swaps volume($) passed $4M in third week of this month and reached the highest volume per week.
The net swapped volume are shown in the chart right, as can be seen the Flow/USDC have had the most inflow and the most outflow volume are allocated to FUSD/FLOW pool.
:mag_right: Findings:
The market share in terms of transactions count and swapped volume and this metrics growth are shown in the visuals right.
As can be observed 50% of transactions count and swapped volume have been allocated to swap USDT <=> FLOW pair.
Also, the transaction count and volume in the cumulative state of other pairs are ignorable against to this pair.