In my analysis, I will analyze Flow’s DeFi landscape by building 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.

What is Flow?

Flow is a decentralized ecosystem and platform built on blockchain that provides scaling solutions for interactive experiences, decentralized application initiatives, and blockchain-based games. The Flow network focuses on creating an environment for non-fungible tokens, dApps, and games by offering a scalable environment and architecture for rapid transactions without congestion. NFTs, like other cryptocurrencies, can be manufactured and exchanged, but the key difference is that each NFT is unique and has a different price, which is why NFTs are known as collectibles.

Flow achieves scalability without the use of sharding, a standard scaling strategy for enhancing performance and network capacity. Flow distributes network work throughout the nodes that support the system, with different nodes allocated different duties based on their technological capabilities. Increased blockchain throughput is obtained by separating non-deterministic activities (such as forming transactions into a block) from deterministic ones (e.g. executing that block of transactions).

Methodology and data

The source of data: flow.core.fact_prices, flow.core.ez_swaps, flow.core.ez_token_transfers, flow.core.ez_bridge_transactions are used to conduct my SQLs.

The token I used to conduct the analysis is FLOW. (You can change the parameter as per your interest)

Aspect of analysis:

• Overview of Flow tokens (volume on DEX by ticker, volume on CEX by ticker, liquidity on DEX, price, market capitalization, and fully diluted value).
• Analysis on Swapping activity.
• Analysis on Bridging activity.

Overview of Flow tokens

Please look at screenshots as below to have an overall review on the performance of Flow tokens: FLOW, REVV, RLY, SPRT, STARLY, BLT

Next, let look at the change in the daily price over time of Flow tokens. Fill token of your choice into parameter and then find the result. In this chart below, we will see the daily fluctuations in the USD price of token FLOW.

In general, the price of the token FLOW was declining. After reaching the highest point of 38.2 USD on 13-Apr-2021, FLOW's price has went down to nearly 7 USD on 22-Jun, which is also the lowest point in 2021. Later, it recovered and then increased to 26.3 USD on 30-Aug-2021. From 2022, the price of FLOW continued to declined. As a result, its price during this month (Nov-2022) was always less than 2 USD.

Looking at these charts, FLOW is the most outstanding token with highest price, market cap, fully diluted value and volume. In all cases, it consistently accounted for more than a half in total.

Swapping:

Bridging:

“Swap from other tokens to Flow” was greater than the other type in terms of transaction frequency, volume, and number of swappers. However, this difference was insignificant. The number of swappers and swap transactions had the direct relation over time. To be more specific, both of them increase rocketed on 01-Sep and then had the same downward trend in later period. The swap volume in token had the significant growth from 2021 to 2022 despite the decrease in number of transactions and swappers. However, over time, USD amount had the big decrease. One of the reason for it is the big decline in the token price due to many scandals from crypto market. In addition, we can see that both type of swaps also had the direct relation over time.

Looking at these charts, we can see that the swap pair “TeleportedTetherToken - FlowToken” had the largest number of transactions, amount in FLOW and in USD.

According to these figures, outbound had a larger number of users, transactions, and amount in both Flow currency and USD currency than inbound. Looking at the change over time, we can see that both had the same fact that the first five months perform better than the following five months and September is the worst performing month during the observation time.

CONCLUSION:

:

• FLOW is the most outstanding token with highest price, market cap, fully diluted value and volume. In all cases, it consistently accounted for more than a half in total.
• The price of the token FLOW was declining. From 2022, the price of FLOW continued to declined. As a result, its price during this month (Nov-2022) was always less than 2 USD.
• “Swap from other tokens to Flow” was greater than the other type in terms of transaction frequency, volume, and number of swappers. However, this difference was insignificant.
• The swap pair “TeleportedTetherToken - FlowToken” had the largest number of transactions, amount in FLOW and in USD.
• Outbound had a larger number of users, transactions, and amount in both Flow currency and USD currency than inbound. The first five months perform better than the following five months and September is the worst performing month during the observation time.