Methodology

This dashboard is designed to provide you with comprehensive information and analysis on Flow Fungible Tokens. It is divided into four main sections, each serving a specific purpose and offering valuable insights.

Daily Prices: In this section, you can access the latest daily prices of Flow Fungible Tokens. Stay up-to-date with the market trends and monitor price fluctuations for informed decision-making.

Transfer Statistics: The second section allows you to explore and compare transfer statistics among different tokens. Gain a deeper understanding of token movement and analyze transfer patterns to identify potential opportunities or trends.

Bridging: The third part focuses on bridging functionality and is further divided into two sub-sections: outband bridging and inbound bridging. Outband bridging refers to the process of transferring tokens from Flow to external networks, while inbound bridging involves transferring tokens from external networks to Flow. Discover the bridging dynamics and examine the flow of tokens across networks.

Swap Statistics: The final section provides valuable swap statistics, categorized into three sub-parts: swap in, swap out, and swap pairs. Analyze the swapping activities within the Flow ecosystem, including token conversions and liquidity management.

We hope you find this methodology dashboard insightful and helpful in your analysis. It is designed to cover a time frame of 60 days, allowing you to observe trends and make informed decisions based on historical data.

Enjoy exploring and leveraging the power of this enhanced dashboard!

Introduction to DeFi on Flow Chain

DeFi, short for Decentralized Finance, has revolutionized the traditional financial system by leveraging blockchain technology to provide open, permissionless, and transparent financial services. While DeFi initially gained prominence on Ethereum, it has expanded to other blockchain networks, including Flow Chain.

Flow Chain is a high-performance blockchain designed to support decentralized applications (dApps) and digital assets. It offers a secure and scalable infrastructure for DeFi applications, enabling developers to create innovative financial solutions on the network.

With the advent of DeFi on Flow Chain, users can now access a range of decentralized financial services, such as lending, borrowing, yield farming, decentralized exchanges, and more. These services eliminate the need for intermediaries and give individuals greater control over their finances, fostering financial inclusivity and empowerment.

Introduction to Fungible Tokens on Flow

Fungible tokens are a fundamental component of the digital economy, representing tradable assets that are identical and interchangeable. On the Flow blockchain, fungible tokens play a crucial role in facilitating various financial activities and powering decentralized applications.

Flow Fungible Tokens (FFT) adhere to the Fungible Token Standard on the Flow network, ensuring compatibility and interoperability across different applications. They can represent a wide array of digital assets, including stablecoins, cryptocurrencies, utility tokens, and more.

Through Flow Fungible Tokens, users can engage in transactions, transfers, and exchanges within the Flow ecosystem. These tokens enable seamless peer-to-peer transactions, liquidity provision in decentralized exchanges, participation in governance mechanisms, and much more.

As Flow Chain continues to grow as a DeFi-friendly blockchain, fungible tokens on Flow serve as the building blocks for the development of innovative financial applications and the expansion of decentralized finance within the Flow ecosystem.

$FLOW: FLOW is the native currency for the Flow network like SOL for Solana, ETH for Ethereum and BNB for Binance Smart Chain. It is the exclusive token for staking, governance, payment of transaction fees, and the principal reserve asset on the network

$BLT: Blocto token (BLT) is the utility and governance token of Blocto, which serves as the foundation of the Blocto ecosystem and the interconnective link between the wallet, Blocto made products, and users

$REVV: REVV is the main utility token and in-game currency of the branded motorsports games produced by Animoca Brands. Initially launched as an ERC-20 token, REVV can now be bridged from Ethereum to Flow via the BloctoSwap teleport. REVV can be used to buy Flow NFTs from the official MotoGP™ Ignition Marketplace. 

$MY: The native utility and governance token of the Mynft NFT marketplace. The MY token incentivises Mynft's three participants: creators, consumers and token holders.

$STARLY: Utility token which serves as a medium to offer creators, collectors and the surrounding communities the ultimate experience on Starly ecosystem. 

$FUSD: The first USD-backed stablecoin issued as a fungible token on Flow backed by Prime Trust.

$USDC: USDC is one of the biggest stablecoins by market cap. It has also been launched as a native asset on top of Flow blockchain