Try Quests to earn FLOWWho's Got The Flow?
These figures clearly show that the majority of wallets have fewer than 10 FLOW on them. (That's because when you create a wallet, even if you never use it, that wallet is included in the wallets with less than 10 FLOW.) Additionally, from the normalized chart, we can deduce that in the final months of 2020, there were significantly more whales with more than 10K FLOW than there are now, but that after a while, the percentage of whales decreased (which suggests that FLOW's level of decentralization is gradually increasing).
There are now only 3654 wallets with more than 10K FLOW, which indicates that wallets with less than 10 FLOW are far more prevalent than other types of wallets.
Moreover, the average and median wallet balances clearly demonstrate that whale wallet balances are far higher than those of other sorts of wallets, while those of wallets with less than 10 FLOW are significantly lower than those of other types of wallets.
It is evident that the majority of transactions in the FLOW ecosystem take place in wallets with fewer than 10 FLow. Additionally, the wallets with more than 10K FLOW account for the least amount of FLOW transactions (due to the fact that this group only has 3654 wallets, whereas other groups have much more than this one).
and also from other charts we can see that FLOW whales wallets are much older than other wallets.
It is evident that the number of wallets containing less than 10 FLOW have grown during the previous year. Wallets of different varieties also increased in number. Wallets with less than 10 FLOW have less transactions per wallet and are not retained to the ecosystem, as seen in the opposite chart. nonetheless, whales with more than 10K FLOW are far more consistent and carry out a greater number of transactions over time.
The top 10 whales at the start of 2022 and the present year are shown in these two charts. As we can see, the top 10 wallets are nearly identical, with a few exceptions. Moreover, all but the first and second-place wallets with the highest FLOW balances in the top 10 rankings have changed over the past year.
We can see that the reward contract address that is shared by the two charts is the wallet with the most FLOW. The second contract with the greatest FLOW balance is the FLOWswap pair, and others are displayed in the chart.
It is intriguing that the coinlist withdraw wallet has the highest FLOW balance compared to all other CEX wallets, and other top CEX wallets are displayed on the graph.
We may infer from these two charts that the top 1000 FLOW whales found the DEXs on FLOW to be quite attractive in 2022. and there are around 330 newly joined FLOW dex users. and it indicates that more than 30% of whales begin using FLOW eccosystem DEXs. Additionally, there are a lot of DEXs that have active members, indicating that whales are utilizing DEXs on a regular basis rather than just once.
These two charts let us realize that there weren't many Whales exchanges on FLOW before July 2022. However, following July, the volume of whale swaps significantly rose and they now account for the majority of the USD volume of swaps on FLOW after July 2022. however before to then, there were not many whales swapped.
In contrast to FLOW defi, whales are not very interested in the FLOW NFT space. Because, as we can see, just 1122 NFT were sold to the top 1000 FLOW whales in 2022, while about 7 millions NFT were acquired by FLOW consumers. and it indicates that NFTs on the FLOW ecosphere are not appealing to whales. moreover, whales' wallets account for 25% of USDT excluding FLOW.
While the average and median balances of the top 10 whales are not significantly different from one another, the average and median sums of the top 100 whales are noticeably different. In other words, some of the 100 wallets have significantly more FLOW than others, but the top 10 wallets all have around the same amount of FLOW.
As we can see, there are ever more whales on FLOW. and another figure shows that there is only a modest relationship between the top 10 whales' FLOW balance and the price of FLOW over time. And the price of FLOW fell in March 2022 along with the balances of the top 10 wallets. (Perhaps that isn't relevant, but there is a correlation!)
These charts show that the flow moved to the self custody wallets is significantly higher than the flow of flow transferred to CEX. It's also intriguing that this pattern becomes much more pronounced in November 2022 (perhaps as a result of the FTX crash and whales' tendency to hold their assets in their wallets). Additionally, there is no particular connection between the FLOW price and the sums of transactions between wallets and CEX.
This data leads us to the conclusion that while the top 10 wallets' balances will fluctuate between 5 M and 40 M FLOW in 2022, their average balances will remain almost constant. The fact that one whale's balance unexpectedly climbed significantly in November but that we were unable to see that wallet's enormous amount the next week is fascinating.
The majority of the top 1000 FLOW whales utilize the BLOCTO wallet (between Blocto, Lilico, Binance, and dapper), and none of the top 1000 FLOW holdings use the dapper wallet.
Moreover, among the top 10 FLOW whales, it is unknown what wallets they are currently utilizing (because there is no way to determine some wallets on FLOW).
It is evident that we have a large number of wallets that are either no longer in use or do not contain any FLOW. They could be for CEX or they might not have ever been used. because there are only 28K wallets with $FLOW on them.
1-that less than 10 FLOW are on the majority of wallets. (This is due to the fact that when you establish a wallet, even if you never use it, it is still counted as having fewer than 10 FLOW.) Additionally, we may infer from the normalized figure that, compared to currently, there were much more whales with more than 10K FLOW in the latter months of 2020, but that the proportion of whales eventually fell.
2-Wallets with fewer than 10 FLOW are far more common than other sorts of wallets, since there are now only 3654 wallets with more than 10K FLOW.Additionally, it is abundantly obvious from the average and median wallet balances that whale wallet balances are substantially greater than those of other types of wallets, whereas wallet balances with less than 10 FLOW are noticeably lower.
3-It is evident that the majority of transactions in the FLOW ecosystem take place in wallets with fewer than 10 FLow. Additionally, the wallets with more than 10K FLOW account for the least amount of FLOW transactions
4-It is evident that the number of wallets containing less than 10 FLOW have grown during the previous year. Wallets of different varieties also increased in number. Wallets with less than 10 FLOW have less transactions per wallet and are not retained to the ecosystem
5-the top 1000 FLOW whales found the DEXs on FLOW to be quite attractive in 2022. and there are around 330 newly joined FLOW dex users. and it indicates that more than 30% of whales begin using FLOW eccosystem DEXs. Additionally, there are a lot of DEXs that have active members, indicating that whales are utilizing DEXs on a regular basis rather than just once.
6-here weren't many Whales exchanges on FLOW before July 2022. However, following July, the volume of whale swaps significantly rose and they now account for the majority of the USD volume of swaps on FLOW after July 2022.
7-Whales are not very interested in the FLOW NFT space, in contrast to FLOW defi. Because it is clear, only 1122 NFT were sold to the top 1000 FLOW whales in 2022, compared to the approximately 7 million NFT that FLOW users purchased.
8-Compared to the flow of flow transferred to CEX, a considerable quantity of flow has been shifted to self custody wallets. It's also interesting to note that, in November 2022, this pattern becomes noticeably more pronounced (possibly as a result of the FTX crash and whales' propensity to keep their assets in their wallets).
9-Between Blocto, Lilico, Binance, and dapper, the BLOCTO wallet is used by the bulk of the top 1000 FLOW whales while none of the top 1000 FLOW holdings use the dapper wallet.
[1]:
Introduction:
Flow is one of the leading blockchains for the next generation of apps, NFTs, and games. It’s designed to scale in a way that doesn’t use sharding techniques, so transactions are fast and low-cost.
Most notably, Flow is focused on reducing the complexity that is seen in other blockchains. Take, for example, purchasing a CryptoKitty. Behind the scenes, that process can involve dozens of blockchain transactions. But on Flow, the same action is handled by one atomic transaction in a single block.
The Flow blockchain is designed not just to improve the end-user experience but also to allow developers to build, test, and launch projects quickly and sustainably.
As cryptocurrencies, virtual worlds, and NFTs continue to become more mainstream, low transaction costs and ease of use are critical for both developers and users alike.
Flow was built with long-term sustainability in mind. Using Proof-of-Stake (POS) to run, it is significantly more energy-friendly than Proof of Work (POW), roughly in line with other online services that are regularly used. Additionally, the launch of the stablecoin FUSD helps further strengthen the Flow ecosystem and is incredibly promising for its long-term growth.[1]
Method:
In this dashboard I used 4 sections for my analysis:
1-$FLOW distribution
2-$FLOW whales
3-Trends and correlations
4-Wallet Dominance of $FLOW whales
In the first section I used these analysis:
1-Weekly Distribution of $FLOW holders based on balance
2-Normalized Weekly Distribution of $FLOW holders based on balance
3-Distribution of $FLOW holders based on balance
4-Median and Average FLOW Balances
5-Flow Users Grouped by Number of Transactions and $FLOW balance
6-Average and Median Age of Flow Wallets(days)
7-Distribution of $Flow holders (fisrt 2022 VS current date)
8-Average and Median days between transactions by $Flow distribution
\n For the second section I mentioned these charts:
1-Balance of top flow wallets at first 2022
2-Balance of top flow wallets at current date
3-Identify to 10 contract with most $FLOW balance
4-Identify top 10 wallets of CEX and other wallets with most $FLOW balance
5-$FLOW balance of top 10 whales in 2022
\n For Trends and correlations I showed these analysis and charts:
1-Top 1000 user growth based on $FLOW balance on FLOW DEXs
2-Cumulative Top 1000 user growth based on $FLOW balance on FLOW DEXs
3-Swap numbers of all Traders VS Top 1000 whales
4-USD volume of all swappers VS Top 1000 whales
5-Cumulative number of all NFT interactors VS top 1000 $Flow whales NFT interactors in 2022
6-Wallet balnace of top 100 whales
7-Average and Median $FLOW balance of top 10 $FLOW whales in 2022
8-Average and Median $FLOW balance of top 100 $FLOW holders in 2022
9-Number of $FLOW holders with more than 10k $FLOW
10-Flow balance of top 10 whales correlation with $FLOW price in 2022
11-Amount of $Flow transferred to CEX VS to wallets in top 100 $Flow holders
12-Cumulativenet amounts of FLOW transferred (to and from) CEX by top 100 $FLOW holders VS flow price
And in the final section, I presented the following analyses to help identify the whales' wallets:
1-Top $FLOW whales and their type of wallets(Blocto,Dapper,Binance,Lilico and others)
2-Most used wallets by top 1000 $FLOW holders
