What is the Flow Blockchain?

Flow is a fast, decentralized, and developer-friendly blockchain built by Dapper Labs to power some of the biggest brands’ NFTs and digital collectibles such as the NBA, UFC, CNN, Warner Music Group, Dr. Seuss, Ubisoft and more. Flow leverages an environmentally friendly design via Proof-of-Stake that consumes thousands of times less energy than Proof-of-Work blockchains like the current Ethereum network. The combination of eco-friendly design, scalability and the diversity of projects building on Flow is a key reason we chose to run Canes Vault on the Flow blockchain. Learn more about the Flow blockchain at onflow.org.

How Does Staking Work on Flow?

The Flow protocol maintains a list of node operators. The list contains important information about each node, like their public keys, node address, and what kind of node they are running. (Collection, Consensus, Execution, Verification, or Access)

A node operator registers a node by submitting a transaction containing their node information and the FLOW they wish to stake. If they meet the requirements to run a node, then will be accepted to join the network!

Once a node is staking and operating properly, it will receive periodic reward payments, assuming it stays online and actively participates in the protocol without committing any actions that would harm the network, which we call slashable offenses. Once nodes have registered, they are required to operate for a protocol-specified timeframe. This timeframe is otherwise known as an Epoch.

Methodology

• Flow.core.ez_staking_actions and flow.core.dim_validator_labels tables were used for data extraction.

• The actions were categorized as follows→

  when action in ('DelegatorTokensCommitted','TokensCommitted') then 'Stake'
  when action in ('DelegatorUnstakedTokensWithdrawn','UnstakedTokensWithdrawn') then 'Unstake'
  when action in ('RewardTokensWithdrawn','DelegatorRewardTokensWithdrawn') then 'Claim_Reward'
  

• Items that were analyzed →

  1- Stake status summary statistics 2- Comparison of actions 3- Monthly comparison of the status of stake actions 4- Top 10 stakers, unstakers and validators

Compare actions

Summary statistics

• The number of stake transactions was around 78%, claim reward was around 17% and unstake was around 3%

• The number of stake users was about 64%, claim reward was about 17%, and unstake was about 18%

• Stake volume is about 2 billion and about 60% and unstake volume is about 38% and about 1 billion and claim reward volume is about 30 million and about 1%

Monthly comparison of the status of stake actions

• The highest stake volume was in December 2020 and then in March 2021, and the highest unstake volume was in February 2021

• The most stakers was in March 2022 and the most unstakers was in October 2021

• The highest stakes was in September 2022 and the highest unstakes was in October 2021

• The highest growth of stake volume was in March 2021 and the highest growth of unstake volume was in August 2021

• The average volume of unstake in February 2021 was very high

top 10 from 4 perspectives

• The 0xe72****b2b4 wallet had the highest stake

• Wallet 0x1c****028f had the most unstake

• 0xe7****b2b4 wallet had the highest net stake

• Flow validator has the highest net stake with about 77 percent, and Flipside is also the top 10 validator with about 3 million

Findings and conclusion

Summary statistics→

• Number of active days 706
• The total number of transactions is about 800K
• The number of delegators, about 38K
• 422 nodes
• The stake volume is about 2 billion
• Unstake volume is about 1.2 billion
• Reward volume is about 30 million
• Average number of transactions in 1217
• The average number of delegators per day is about 53
• The average stake volume per day is about 2 million
• The average volume of unstake per day is about 1.7 million

Compare actions->

• The number of stake transactions was around 78%, claim reward was around 17% and unstake was around 3%
• The number of stake users was about 64%, claim reward was about 17%, and unstake was about 18%
• Stake volume is about 2 billion and about 60% and unstake volume is about 38% and about 1 billion and claim reward volume is about 30 million and about 1%

Monthly comparison of the status of stake actions->

• The highest stakes was in September 2022 and the highest unstakes was in October 2021
• The most stakers was in March 2022 and the most unstakers was in October 2021
• The highest stake volume was in December 2020 and then in March 2021, and the highest unstake volume was in February 2021
• The highest growth of stake volume was in March 2021 and the highest growth of unstake volume was in August 2021
• The average volume of unstake in February 2021 was very high

top 10 from 4 perspectives->

• The 0xe72****b2b4 wallet had the highest stake
• Wallet 0x1c****028f had the most unstake
• 0xe7****b2b4 wallet had the highest net stake
• Flow validator has the highest net stake with about 77 percent, and Flipside is also the top 10 validator with about 3 million

$FLOW staked vs. $FLOW circulating->

• The volume of $FLOW circulating is about 1 billion, while the net stake is about 700 million

written by :writing_hand:

Discord ID: Sal☰h#1747

email : saleh.mz@gmail.com

The dashboard link has been tweeted

• Number of active days 706
• The total number of transactions is about 800K
• The number of delegators, about 38K
• 422 nodes
• The stake volume is about 2 billion
• Unstake volume is about 1.2 billion
• Reward volume is about 30 million
• Average number of transactions in 1217
• The average number of delegators per day is about 53
• The average stake volume per day is about 2 million
• The average volume of unstake per day is about 1.7 million

What is the amount of $FLOW staked vs. $FLOW circulating?

• The volume of $FLOW circulating is about 1 billion, while the net stake is about 700 million