DeFi on Flow
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? Build 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.
These charts show the distribution of the ouflow bridge users’ number according to bridge type, different blockchains, and different assets.
- As far as the distribution of the ouflow bridge users’ number according to bridge type is concerned, blocto (674, 67.7%), has the upper hand over the cbridge (321, 32.3%).
- As far as the distribution of the ouflow bridge users’ number according to different blockchains is concerned, Ethereum (629, 63.2%), Solana (231, 23.2%), and BSC (135, 13.6%) have the upper hand.
- As far as the distribution of the ouflow bridge users’ number according to different assets is concerned, RLY (321, 32.3%), BLT (310, 31.2%), USDT (215, 21.6%), STARLY (56, 5.63%), USDC(40, 4.02%), and FLOW (40, 4.02%) have the upper hand.
These charts show the distribution of the inflow bridge transactions volume according to bridge type, different blockchains, and different assets.
- As far as the distribution of the inflow bridge transactions volume according to bridge type is concerned, blocto (3.3M, 63.5%), has the upper hand over the cbridge (1.9M, 36.5%).
- As far as the distribution of the inflow bridge transactions volume according to different blockchains is concerned, Ethereum (4.3M, 83.9%), Solana (582.2K, 11.2%), and BSC (249.3K, 4.82%), and have the upper hand. Inflow bridge transactions volume for Flow is negligible compared to the top 3 most popular blockchains in this respect.
- As far as the distribution of the inflow bridge transactions volume according to different assets is concerned, USDT (1.95M, 37.7%), RLY (1.89M, 36.5%), BLT (719.3K, 13.9%), FLOW (434.6K, 8.4%), and STARLY (2.17%) have the upper hand.
These charts show the distribution of the inflow bridge users’ number according to bridge type, different blockchains, and different assets.
- As far as the distribution of the inflow bridge users’ number according to bridge type is concerned, blocto (1005, 98.2%), has the upper hand over the cbridge (18, 1.76%).
- As far as the distribution of the inflow bridge users’ number according to different blockchains is concerned, Solana (304, 38.3%), Ethereum (294, 37%), BSC (192, 24.2%), and Flow (0.5%) have the upper hand.
- As far as the distribution of the inflow bridge users’ number according to different assets is concerned, BLT (455, 57.3%), USDT (220, 27.7%), STARLY (40, 5.04%), FLOW (25, 3.15%), and USDC (20, 2.5%) have the upper hand.
These charts shows the distribution of the inflow bridge transactions number according to bridge type, different blockchains, and different assets.
- As far as the distribution of the inflow bridge transactions number according to bridge type is concerned, blocto (1005, 98.2%), has the upper hand over the cbridge (18, 1.76%).
- As far as the distribution of the inflow bridge transactions number according to different blockchains is concerned, Solana (397, 38.8%), Ethereum (385, 37.6%), BSC (237, 23.2%), and Flow (0.4%) have the upper hand.
- As far as the distribution of the inflow bridge transactions number according to different assets is concerned, BLT (567, 55.4%), USDT (289, 28.3%), STARLY (66, 6.45%), USDC (30, 2.83%), and FLOW (28, 2.74%) have the upper hand.
These charts shows the weekly variation and distribution of the stake and unstake transactions volume.
- The weekly variation and distribution of the stake transactions volume is more than unstake transactions volume by far and shows a rather fluctuating trend while unstake transactions volume shows a rather constant trend with some spikes.
- Total volume of stake transactions is about 222.8M (95.7%).
- Total volume of unstake transactions is about 10.1M (4.3%).
These charts shows the weekly variation and distribution of the stake and unstake users’ number.
- The weekly variation and distribution of the stake users’ number is more than unstake users’ number by far and shows a rather fluctuating trend while unstake users’ number shows a rather constant trend with some spikes.
- Total number of stake users is about 257.5K (76.8%).
- Total number of unstake users is about 78K (23.2%).
These charts shows the weekly variation and distribution of the stake and unstake transactions number.
- The weekly variation and distribution of the stake transactions number is more than unstake transactions number by far and shows a rather fluctuating trend while unstake transactions number shows a rather constant trend with some spikes.
- Total number of stake transactions is about 325K (79.7%).
- Total number of unstake transactions is about 82.8K (20.3%).
Acknowledgment and supplementary Information
- I would like to show my sincere gratitude to the author of the following dashboard that helped me very much indeed to do my own analysis: *
- Author: NSA2000
- Twitter of the Author: @NSA2000C
- Discord of the Author: NSA2000#5651
- Data from FlipsideCrypto
- Link to this dashboards tweet:
Summary
- This dashboard aims to investigate DeFi on Flow in different districts such as users’ behavior, transactions, swap transactions, staking, and bridging in order to see if this part of Flow is growing.
- The daily variation of the price of the FLOW ecosystem tokens shows an overall decreasing trend for all the tokens. FLOW token has the upper hand in this matter. FUSD price which is a US Dollar-pegged stablecoin shows a constant trend as it was expected.
- The weekly variation and distribution of the stake transactions number is more than unstake transactions number by far and shows a rather fluctuating trend while unstake transactions number shows a rather constant trend with some spikes.
- Total number of stake transactions is about 325K (79.7%).
- Total number of unstake transactions is about 82.8K (20.3%).
- The weekly variation and distribution of the stake users’ number is more than unstake users’ number by far and shows a rather fluctuating trend while unstake users’ number shows a rather constant trend with some spikes.
- Total number of stake users is about 257.5K (76.8%).
- Total number of unstake users is about 78K (23.2%).
- The weekly variation and distribution of the stake transactions volume is more than unstake transactions volume by far and shows a rather fluctuating trend while unstake transactions volume shows a rather constant trend with some spikes.
- Total volume of stake transactions is about 222.8M (95.7%).
- Total volume of unstake transactions is about 10.1M (4.3%).
- The weekly variation of the inflow bridge transactions number shows a rather constant trend with some spikes. The max number of inflow bridge transactions is recorded on 17 Jun 2022 (223)
- As far as the distribution of the inflow bridge transactions number according to bridge type is concerned, blocto (1005, 98.2%), has the upper hand over the cbridge (18, 1.76%).
- As far as the distribution of the inflow bridge transactions number according to different blockchains is concerned, Solana (397, 38.8%), Ethereum (385, 37.6%), BSC (237, 23.2%), and Flow (0.4%) have the upper hand.
- As far as the distribution of the inflow bridge transactions number according to different assets is concerned, BLT (567, 55.4%), USDT (289, 28.3%), STARLY (66, 6.45%), USDC (30, 2.83%), and FLOW (28, 2.74%) have the upper hand.
- The weekly variation of the inflow bridge users’ number shows a rather constant trend with some spikes. The max number of inflow bridge users is recorded on 17 Jun 2022 (181).
- As far as the distribution of the inflow bridge users’ number according to bridge type is concerned, blocto (1005, 98.2%), has the upper hand over the cbridge (18, 1.76%).
- As far as the distribution of the inflow bridge users’ number according to different blockchains is concerned, Solana (304, 38.3%), Ethereum (294, 37%), BSC (192, 24.2%), and Flow (0.5%) have the upper hand.
- As far as the distribution of the inflow bridge users’ number according to different assets is concerned, BLT (455, 57.3%), USDT (220, 27.7%), STARLY (40, 5.04%), FLOW (25, 3.15%), and USDC (20, 2.5%) have the upper hand.
- The weekly variation of the inflow bridge transactions volume shows a rather constant trend with some spikes. The max volume of inflow bridge transactions is recorded on 25 Jul 2022 (1.4M)
- As far as the distribution of the inflow bridge transactions volume according to bridge type is concerned, blocto (3.3M, 63.5%), has the upper hand over the cbridge (1.9M, 36.5%).
- As far as the distribution of the inflow bridge transactions volume according to different blockchains is concerned, Ethereum (4.3M, 83.9%), Solana (582.2K, 11.2%), and BSC (249.3K, 4.82%), and have the upper hand. Inflow bridge transactions volume for Flow is negligible compared to the top 3 most popular blockchains in this respect.
- As far as the distribution of the inflow bridge transactions volume according to different assets is concerned, USDT (1.95M, 37.7%), RLY (1.89M, 36.5%), BLT (719.3K, 13.9%), FLOW (434.6K, 8.4%), and STARLY (2.17%) have the upper hand.
- The weekly variation of the ouflow bridge transactions number shows a rather constant trend with some spikes. The max number of ouflow bridge transactions is recorded on 27 Jun 2022 (63)
- As far as the distribution of the ouflow bridge transactions number according to bridge type is concerned, blocto (837, 70.2%), has the upper hand over the cbridge (355, 29.8%).
- As far as the distribution of the ouflow bridge transactions number according to different blockchains is concerned, Ethereum (731, 61.3%), Solana (302, 25.3%), and BSC (159, 13.3%) have the upper hand.
- As far as the distribution of the ouflow bridge transactions number according to different assets is concerned, BLT (395, 33.1%), RLY (355, 29.8%), USDT (261, 21.9%), STARLY (66, 5.54%), and FLOW (56, 4.7%) have the upper hand.
- As far as the distribution of the ouflow bridge users’ number according to bridge type is concerned, blocto (674, 67.7%), has the upper hand over the cbridge (321, 32.3%).
- As far as the distribution of the ouflow bridge users’ number according to different blockchains is concerned, Ethereum (629, 63.2%), Solana (231, 23.2%), and BSC (135, 13.6%) have the upper hand.
- As far as the distribution of the ouflow bridge users’ number according to different assets is concerned, RLY (321, 32.3%), BLT (310, 31.2%), USDT (215, 21.6%), STARLY (56, 5.63%), USDC(40, 4.02%), and FLOW (40, 4.02%) have the upper hand.
- The weekly variation of the ouflow bridge transactions volume shows a rather constant trend with some spikes. The max volume of ouflow bridge transactions is recorded on 18 Jul 2022 (2.95M)
- As far as the distribution of the ouflow bridge transactions volume according to bridge type is concerned, blocto (8.14M, 98.8%), has the upper hand over the cbridge (1.17%).
- As far as the distribution of the ouflow bridge transactions volume according to different blockchains is concerned, Ethereum (4.02M, 48.8%), BSC (3.06M, 37.1%), and Solana (1.16M, 14%) have the upper hand.
- As far as the distribution of the ouflow bridge transactions volume according to different assets is concerned, STARLY (3.01M, 36.6%), USDT (2.5M, 30.9%), FLOW (1.3M, 15.5%), and BLT (1.2M, 14.6%) have the upper hand.
- The weekly variation of the swap transactions number shows a significantly decreasing trend. The max number of swap transactions is recorded on 17 Jun (4497)
- As far as the distribution of the swap transactions number is concerned, USDT-FLOW (7210, 31.3%), FLOW-USDT (6881, 29.8%), FUSD-USDT (2723, 11.8%), and USDT-FUSD (2624, 11.5%) have the upper hands as the most popular and important swap pairs.
- The weekly variation of the swap users’ number shows a significantly decreasing trend. The max number of swap users is recorded on 17 Jan (511)
- As far as the distribution of the swap users’ number is concerned, FLOW-USDT (1536, 33.1%), USDT-FLOW (1414, 30.4%), FLOW-REVV (409, 8.81%), FLOW-STARLY (257, 5.53%), REVV-FLOW (248, 5.34%), STARLY-FLOW (192, 4.13%) have the upper hands as the most popular and important swap pairs.
- The weekly variation of the new swap users’ number shows a significantly decreasing trend. The max number of new swap users is recorded on 20 Sep (9.3K)
- The total number of swap users is about 44.54K.
- The weekly variation of the swap transactions volume shows a significantly decreasing trend. The max number of swap transactions is recorded on 17 Jan (4.24M)
- As far as the distribution of the swap transactions volume is concerned, USDT-FLOW (2.91M, 28.6%), FLOW-USDT (2.88M, 28.2%), FUSD-USDT (1.81M, 17.8%), and USDT-FUSD (1.6M, 15.7%) have the upper hands as the most popular and important swap pairs.
These charts shows the weekly variation and distribution of the swap transactions volume.
- The weekly variation of the swap transactions volume shows a significantly decreasing trend. The max number of swap transactions is recorded on 17 Jan (4.24M)
- As far as the distribution of the swap transactions volume is concerned, USDT-FLOW (2.91M, 28.6%), FLOW-USDT (2.88M, 28.2%), FUSD-USDT (1.81M, 17.8%), and USDT-FUSD (1.6M, 15.7%) have the upper hands as the most popular and important swap pairs.
These charts show the weekly variation and distribution of the swap users’ number.
- The weekly variation of the swap users’ number shows a significantly decreasing trend. The max number of swap users is recorded on 17 Jan (511)
- As far as the distribution of the swap users’ number is concerned, FLOW-USDT (1536, 33.1%), USDT-FLOW (1414, 30.4%), FLOW-REVV (409, 8.81%), FLOW-STARLY (257, 5.53%), REVV-FLOW (248, 5.34%), STARLY-FLOW (192, 4.13%) have the upper hands as the most popular and important swap pairs.
These charts shows the weekly variation and distribution of the swap transactions number.
- The weekly variation of the swap transactions number shows a significantly decreasing trend. The max number of swap transactions is recorded on 17 Jun (4497)
- As far as the distribution of the swap transactions number is concerned, USDT-FLOW (7210, 31.3%), FLOW-USDT (6881, 29.8%), FUSD-USDT (2723, 11.8%), and USDT-FUSD (2624, 11.5%) have the upper hands as the most popular and important swap pairs.
These charts show the distribution of the ouflow bridge transactions volume according to bridge type, different blockchains, and different assets.
- As far as the distribution of the ouflow bridge transactions volume according to bridge type is concerned, blocto (8.14M, 98.8%), has the upper hand over the cbridge (1.17%).
- As far as the distribution of the ouflow bridge transactions volume according to different blockchains is concerned, Ethereum (4.02M, 48.8%), BSC (3.06M, 37.1%), and Solana (1.16M, 14%) have the upper hand.
- As far as the distribution of the ouflow bridge transactions volume according to different assets is concerned, STARLY (3.01M, 36.6%), USDT (2.5M, 30.9%), FLOW (1.3M, 15.5%), and BLT (1.2M, 14.6%) have the upper hand.
These charts show the weekly variation and the total number of new swap users.
- The weekly variation of the new swap users’ number shows a significantly decreasing trend. The max number of new swap users is recorded on 20 Sep (9.3K)
- The total number of swap users is about 44.54K.
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.
Every blockchain has its own validation mechanism to process transactions and secure the network. For example, the Ethereum blockchain’s Proof-of-Stake (PoS) allows for a decentralized and secure network. However, it has run into difficulties scaling and processing such large quantities of transactions while keeping costs down. This has led to the rise of layer 2 solutions that can handle many orders off-chain at faster speeds and lower transaction fees than the mainnet. Flow, on the other hand, splits the work of processing transactions into four separate nodes that each have their own role and responsibility. Instead of relying on off-chain solutions to scale the network, Flow’s native node subdivisions give it a great advantage in blockchain scalability. []
Methodology
The data in this dashboard is obtained from the following tables:
flow.core.fact_prices
flow.core.ez_staking_actions
flow.core.ez_bridge_transactions
flow.core.ez_swaps
Aim of this analysis:
This dashboard aims to investigate DeFi on Flow in different districts such as users’ behavior, transactions, swap transactions, staking, and bridging in order to see if this part of Flow is growing.
This chart shows the daily variation of the price of the FLOW ecosystem tokens. The daily variation of the price of the FLOW ecosystem tokens shows an overall decreasing trend for all the tokens. FLOW token has the upper hand in this matter. FUSD price which is a US Dollar-pegged stablecoin shows a constant trend as it was expected.
This chart shows the weekly variation of the inflow bridge transactions volume. The weekly variation of the inflow bridge transactions volume shows a rather constant trend with some spikes. The max volume of inflow bridge transactions is recorded on 25 Jul 2022 (1.4M)
This chart shows the weekly variation of the ouflow bridge transactions number. The weekly variation of the ouflow bridge transactions number shows a rather constant trend with some spikes. The max number of ouflow bridge transactions is recorded on 27 Jun 2022 (63)
These charts show the distribution of the ouflow bridge transactions number according to bridge type, different blockchains, and different assets.
- As far as the distribution of the ouflow bridge transactions number according to bridge type is concerned, blocto (837, 70.2%), has the upper hand over the cbridge (355, 29.8%).
- As far as the distribution of the ouflow bridge transactions number according to different blockchains is concerned, Ethereum (731, 61.3%), Solana (302, 25.3%), and BSC (159, 13.3%) have the upper hand.
- As far as the distribution of the ouflow bridge transactions number according to different assets is concerned, BLT (395, 33.1%), RLY (355, 29.8%), USDT (261, 21.9%), STARLY (66, 5.54%), and FLOW (56, 4.7%) have the upper hand.
This chart shows the weekly variation of the ouflow bridge users’ number. The weekly variation of the ouflow bridge users’ number shows a rather constant trend with some spikes. The max number of ouflow bridge users is recorded on 27 Jun 2022 (48)
This chart shows the weekly variation of the inflow bridge transactions number. The weekly variation of the inflow bridge transactions number shows a rather constant trend with some spikes. The max number of inflow bridge transactions is recorded on 17 Jun 2022 (223)
This chart shows the weekly variation of the ouflow bridge transactions volume . The weekly variation of the ouflow bridge transactions volume shows a rather constant trend with some spikes. The max volume of ouflow bridge transactions is recorded on 18 Jul 2022 (2.95M)
This chart shows the weekly variation in the inflow bridge users’ number. The weekly variation of the inflow bridge users’ number shows a rather constant trend with some spikes. The max number of inflow bridge users is recorded on 17 Jun 2022 (181).