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 of this dashboard’s tweet:

Summary

• This analysis aims to show the Flow progress toward decentralization, by looking into Flow staking/unstaking, amount of flow staked/unstaked per day, unique stakers, amount of Flow staked compared to the circulating amount of Flow and their variations and trends as well as the distribution of the most popular delegators and nodes.
• The weekly variation of the transactions number for unstake and claim reward actions shows a rather constant trend from Jan 2021 to 7 Nov 2022.
• The weekly variation of the transactions number for stake actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022, this trend is significantly increasing until 7 Nov 2022.
• The trend of the weekly variation of the transactions number for all actions shows a significantly decreasing trend during the past week. This trend is especially decreasing for stake actions and the number of stake transactions reached its minimum during the past year on 14 Nov 2022 (124).
• Distribution of the transactions number according to the different actions is as follows:
  • 1. Stake: 398.4K, 68.4%, 2. Claim Reward: 149.8K, 25.7%, 3. Unstake 33.9K, 5.84%
• The weekly variation of the users’ number for unstake and claim reward actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022 to 7 Nov 2022 their trend is rather fluctuating.
• The weekly variation of the users’ number for stake actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022, this trend is significantly increasing until 7 Nov 2022.
• The trend of the weekly variation of the users’ number for all actions shows a significantly decreasing trend during the past week. This trend is especially decreasing for stake actions and the number of stake transactions reached its minimum during the past year on 14 Nov 2022 (98).
• Distribution of the users’ number according to the different actions is as follows:
  • 1. Stake: 38K, 64.6%, 2. Unstake : 10.7K, 18.1%, 3. Claim Reward:10.2K, 17.3%
• The weekly variation of the nodes number for unstake and claim reward actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022 until 7 Nov 2022 their trend is rather fluctuating.
• The weekly variation of the nodes number for stake actions significantly deceased on 3 May 2021. After 3 May 2021, this trend is rather constant until 20 Sep 2022. After 20 Sep 2022 to 7 Nov 2022 this trend is rather increasing with fluctuations.
• The trend of the weekly variation of the nodes number for all actions shows a significantly decreasing trend during the past week. This trend is especially decreasing for stake actions and the number of stake transactions reached its minimum during the past year on 14 Nov 2022 (33).
• Distribution of the nodes number according to the different actions is as follows:
  • 1. Stake: 11.4K, 60.8%, 2. Claim Reward: 5.1K, 27.3%, 3. Unstake 2.2K, 11.9%
• The weekly variation of the transactions volume for stake, unstake and claim reward actions shows a rather fluctuating trend from Jan 2021 to 7 Nov 2022.
• The trend of the weekly variation of the transactions volume for all actions shows a significantly decreasing trend during the past week.
• Distribution of the transactions volume according to the different actions is as follows:
  • 1. Stake: 1.95M, 60.3%, 2. Unstake : 1.25M, 38.7%, 3. Claim Reward 0.95%
• The distribution of Flow stake action according to the different transaction numbers mainly lies in the range of fewer than 5 Flows (331.47K)
• The distribution of Flow claim rewardaction according to the different transaction numbers mainly lies in the range of fewer than 5 Flows (65.67K)
• The distribution of Flow unstake action according to the different transaction numbers mainly lies in the range of 100-1000 Flows (12.63K)
• The weekly variation of the NET staked Flow shows a rather fluctuating trend since Jan 2021. The amount of NET staked Flow is mostly negative after 6 Jun 2022.
• Total volume of the NET staked Flow is about 699.37M.
• Total number of the Flow delegators transactions: 582K
• Total amount of NET staked volume of Flow in USD (stake-unstake): 0.7B
• Total number of Flow nodes: 423
• Total number of Flow delegators: 38.1K
• Total amount of Flow circulating supply in USD: 1.04B
• Ratio of volume of staked Flow to the amount of circulating supply: 67.5
• The daily variation of the new Flow delegators shows a rather constant trend with some spikes for example on 11 Mar (1353).
• Total number of the Flow delegators is about 37.996K.
• The daily variation of the number of the new Flow nodes is rather constant. The max number of new Flow nodes is recorded on 30 Dec 2022 (270).
• Total number of Flow nodes is about 423.
• The distribution of the average number of transactions per delegators for different actions is as follows:
  • Claim Reward: 14.73, 51.9%
  • Stake: 10.48, 36.9%
  • Unstake: 3.19, 11.2%
• The distribution of the average number of transactions per delegators for different actions is as follows:
  • Unstake: 117.60K, 68.4%
  • Stake: 51.37K, 29.9%
  • Claim Reward: 1.76%
• As far as the stake action is concerned, the number of Flow delegators mostly have done 1 transaction (23.55k users).
• As far as the unstake action is concerned, the number of Flow delegators mostly have done 1 transaction (4.77K users) and 2-5 transactions (4.43K users).
• As far as the Claim Rewardaction is concerned, the number of Flow delegators mostly have done 1 transaction (3.31K users) and 2-5 transactions (3.26K users).
• As far as the stake action is concerned, the number of Flow delegators mostly lies in the range of fewer than 5 Flows (22.84K users).
• As far as the unstake action is concerned, the number of Flow delegators mostly lies in the range of more than 1000 Flows (3.37 users).
• As far as the Claim Rewardaction is concerned, the number of Flow delegators mostly lies in the range of fewer than 5 Flows (5.99K users).
• The distribution of the 3 most popular Flow delegators according to the number of Flow stakes is as follows:
  • 0xebd406b037e56e92: 3523, 38.3%
  • 0x6a7457b796dee457: 3504, 38.1%
  • 0x65b0c4c58f77172d: 495, 5.38%
• The distribution of the 3 most popular Flow delegators according to the volume of Flow stakes is as follows:
  • 0xe72ce32df935b2b4: 315.6M, 33.6%
  • 0x0aabe4cf576e08ee: 315.6M, 33.6%
  • 0x5dc3fc329730c066: 110.9M, 11.8%
• The distribution of the 3 most popular Flow delegators according to the number of Flow unstakes is as follows:
  • 0x6a7457b796dee457: 988, 58.1%
  • 0xb16927d98c165804: 345, 20.3%
  • 0x523aa9d22b44fa29: 64, 5.383.76%
• The distribution of the 3 most popular Flow delegators according to the volume of Flow unstakes is as follows:
  • 0x034b5af0e8fb26b: 312.5M, 37.8%
  • 0x1cff81fcce6a028f: 312.5, 37.8%
  • 0x5dc3fc329730c066: 83.7, 10.1%
• The distribution of the 3 most popular Flow delegators according to the volume of the claimed rewards is as follows:
  • 0x5dc3fc329730c066: 6.5M, 39.6%
  • 0xe72ce32df935b2b4: 2.06M, 12.4%
  • 0x0aabe4cf576e08ee: 2.06M, 12.4%

This pie chart shows the distribution of the most popular Flow delegators according to the volume of the claimed rewards.

• The distribution of the 3 most popular Flow delegators according to the volume of the claimed rewards is as follows:
  • 0x5dc3fc329730c066: 6.5M, 39.6%
  • 0xe72ce32df935b2b4: 2.06M, 12.4%
  • 0x0aabe4cf576e08ee: 2.06M, 12.4%

These charts shows the daily variation of the new and total number of the Flow nodes.

• The daily variation of the number of the new Flow nodes is rather constant. The max number of new Flow nodes is recorded on 30 Dec 2022 (270).
• Total number of Flow nodes is about 423.

These charts show the daily and cumulative variation of the new Flow delegators.

• The daily variation of the new Flow delegators shows a rather constant trend with some spikes for example on 11 Mar (1353).
• Total number of the Flow delegators is about 37.996K.

Here some metrics about Flow staking is presented:

• Total number of the Flow delegators transactions: 582K
• Total amount of NET staked volume of Flow in USD (stake-unstake): 0.7B
• Total number of Flow nodes: 423
• Total number of Flow delegators: 38.1K
• Total amount of Flow circulating supply in USD: 1.04B
• Ratio of volume of staked Flow to the amount of circulating supply: 67.5

This chart shows the distribution of Flow staking actions according to the different transaction number ranges.

• The distribution of Flow stake action according to the different transaction numbers mainly lies in the range of fewer than 5 Flows (331.47K)
• The distribution of Flow claim rewardaction according to the different transaction numbers mainly lies in the range of fewer than 5 Flows (65.67K)
• The distribution of Flow unstake action according to the different transaction numbers mainly lies in the range of 100-1000 Flows (12.63K)

These charts show the weekly variation and distribution of the transactions volume according to the different actions.

• The weekly variation of the transactions volume for stake, unstake and claim reward actions shows a rather fluctuating trend from Jan 2021 to 7 Nov 2022.
• The trend of the weekly variation of the transactions volume for all actions shows a significantly decreasing trend during the past week.
• Distribution of the transactions volume according to the different actions is as follows:
  • 1. Stake: 1.95M, 60.3%, 2. Unstake : 1.25M, 38.7%, 3. Claim Reward 0.95%

These charts show the weekly variation and distribution of the nodes number according to the different actions.

• The weekly variation of the nodes number for unstake and claim reward actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022 until 7 Nov 2022 their trend is rather fluctuating.
• The weekly variation of the nodes number for stake actions significantly deceased on 3 May 2021. After 3 May 2021, this trend is rather constant until 20 Sep 2022. After 20 Sep 2022 to 7 Nov 2022 this trend is rather increasing with fluctuations.
• The trend of the weekly variation of the nodes number for all actions shows a significantly decreasing trend during the past week. This trend is especially decreasing for stake actions and the number of stake transactions reached its minimum during the past year on 14 Nov 2022 (33).
• Distribution of the nodes number according to the different actions is as follows:
  • 1. Stake: 11.4K, 60.8%, 2. Claim Reward: 5.1K, 27.3%, 3. Unstake 2.2K, 11.9%

These charts show the weekly variation and distribution of the transactions number according to the different actions.

• The weekly variation of the transactions number for unstake and claim reward actions shows a rather constant trend from Jan 2021 to 7 Nov 2022.
• The weekly variation of the transactions number for stake actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022, this trend is significantly increasing until 7 Nov 2022.
• The trend of the weekly variation of the transactions number for all actions shows a significantly decreasing trend during the past week. This trend is especially decreasing for stake actions and the number of stake transactions reached its minimum during the past year on 14 Nov 2022 (124).
• Distribution of the transactions number according to the different actions is as follows:
  • 1. Stake: 398.4K, 68.4%, 2. Claim Reward: 149.8K, 25.7%, 3. Unstake 33.9K, 5.84%

These charts show the weekly variation and distribution of the users’ number according to the different actions.

• The weekly variation of the users’ number for unstake and claim reward actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022 to 7 Nov 2022 their trend is rather fluctuating.
• The weekly variation of the users’ number for stake actions shows a rather constant trend from Jan 2021 to 20 Sep 2022. After 20 Sep 2022, this trend is significantly increasing until 7 Nov 2022.
• The trend of the weekly variation of the users’ number for all actions shows a significantly decreasing trend during the past week. This trend is especially decreasing for stake actions and the number of stake transactions reached its minimum during the past year on 14 Nov 2022 (98).
• Distribution of the users’ number according to the different actions is as follows:
  • 1. Stake: 38K, 64.6%, 2. Unstake : 10.7K, 18.1%, 3. Claim Reward:10.2K, 17.3%

These charts shows the weekly variation and cumulative variation of the NET staked Flow since Jan 2021.

• The weekly variation of the NET staked Flow shows a rather fluctuating trend since Jan 2021. The amount of NET staked Flow is mostly negative after 6 Jun 2022.

• Total volume of the NET staked Flow is about 699.37M.

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This chart shows the distribution of the average number of transactions per delegators for different actions.

• The distribution of the average number of transactions per delegators for different actions is as follows:
  • Claim Reward: 14.73, 51.9%
  • Stake: 10.48, 36.9%
  • Unstake: 3.19, 11.2%

This chart shows the distribution of the average number of transactions per delegators for different actions.

• The distribution of the average number of transactions per delegators for different actions is as follows:
  • Unstake: 117.60K, 68.4%
  • Stake: 51.37K, 29.9%
  • Claim Reward: 1.76%

This chart shows the distribution of the Flow delegators according to the different transaction number ranges for different actions.

• As far as the stake action is concerned, the number of Flow delegators mostly have done 1 transaction (23.55k users).
• As far as the unstake action is concerned, the number of Flow delegators mostly have done 1 transaction (4.77K users) and 2-5 transactions (4.43K users).
• As far as the Claim Rewardaction is concerned, the number of Flow delegators mostly have done 1 transaction (3.31K users) and 2-5 transactions (3.26K users).

This chart shows the distribution of the Flow delegators according to the different transaction volume ranges for different actions.

• As far as the stake action is concerned, the number of Flow delegators mostly lies in the range of fewer than 5 Flows (22.84K users).
• As far as the unstake action is concerned, the number of Flow delegators mostly lies in the range of more than 1000 Flows (3.37 users).
• As far as the Claim Rewardaction is concerned, the number of Flow delegators mostly lies in the range of fewer than 5 Flows (5.99K users).

This pie chart shows the distribution of the most popular Flow delegators according to the number of Flow stakes.

• The distribution of the 3 most popular Flow delegators according to the number of Flow stakes is as follows:
  • 0xebd406b037e56e92: 3523, 38.3%
  • 0x6a7457b796dee457: 3504, 38.1%
  • 0x65b0c4c58f77172d: 495, 5.38%

This pie chart shows the distribution of the most popular Flow delegators according to the volume of Flow stakes.

• The distribution of the 3 most popular Flow delegators according to the volume of Flow stakes is as follows:
  • 0xe72ce32df935b2b4: 315.6M, 33.6%
  • 0x0aabe4cf576e08ee: 315.6M, 33.6%
  • 0x5dc3fc329730c066: 110.9M, 11.8%

This pie chart shows the distribution of the most popular Flow delegators according to the number of Flow unstakes.

• The distribution of the 3 most popular Flow delegators according to the number of Flow unstakes is as follows:
  • 0x6a7457b796dee457: 988, 58.1%
  • 0xb16927d98c165804: 345, 20.3%
  • 0x523aa9d22b44fa29: 64, 5.383.76%

This pie chart shows the distribution of the most popular Flow delegators according to the volume of Flow unstakes.

• The distribution of the 3 most popular Flow delegators according to the volume of Flow unstakes is as follows:
  • 0x034b5af0e8fb26b: 312.5M, 37.8%
  • 0x1cff81fcce6a028f: 312.5, 37.8%
  • 0x5dc3fc329730c066: 83.7, 10.1%

The following charts show the distribution of the most popular Flow nodes according to the number of transactions and users as well as the transactions volume.

The following charts show the distribution of the most popular Flow nodes according to the stakes and unstakes volume.

The following chart shows the distribution of the most popular Flow nodes according to the stakes net volume.

Introduction

What Is Flow (FLOW)?

Flow is a blockchain-based decentralized ecosystem and platform with scaling solutions for interactive experiences, decentralized application projects, and blockchain-based games. The Flow network focuses on providing a scalable environment and architecture for fast transactions without congestion, to create an environment for non-fungible tokens, dApps, and games. NFTs can be created and traded as well as other cryptocurrencies, while the crucial difference is that every NFT is unique and has a different price, which is why NFTs are known as collectibles.

Flow has its own project on the network, NBA Top Shot, and as the NFT market is booming, Flow could experience rising popularity as well. Flow offers upgradable smart contracts that can be patched to fix any bugs, a finality that is achieved in seconds, and an easy way to build dApps and create NFTs with Flow’s easy-to-learn programming language, Cadence.

Flow resolves problems with scalability seen on the Ethereum platform without the use of sharding, instead of employing the efficient Proof of Stake protocol. That is how Flow enables the smooth running of operations and minimizes congestion on the network for dApps and blockchain games such as CryptoKitties.

How Does Flow Work?

Flow uses the Proof of Stake protocol to achieve scalability without the use of sharding, which is a common scaling technique for increasing speed and network capacity. Flow distributes the work on the network across the nodes that support the system, with different nodes assigned different tasks based on their technical capabilities. An increased blockchain throughput is achieved by separating non-deterministic processes (e.g. forming transactions into a block) from deterministic ones (e.g. executing that block of transactions). []

Methodology

The flow.core.ez_staking_actions table has been employed in this dashboard in order to obtain data and conduct the analysis:

Aim of this analysis:

This analysis aims to show the Flow progress toward decentralization, by looking into Flow staking/unstaking, amount of flow staked/unstaked per day, unique stakers, amount of Flow staked compared to the circulating amount of Flow and their variations and trends as well as the distribution of the most popular delegators and nodes.

Results and discussion