Original title:The State of Flow: A Year in Review

Original link:https://blog.coinlist.co/the-state-of-flow-a-year-in-review/

Original title:Enki,Original link:

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Last year today, the FLOW sale on CoinList added more than 13,000 FLOW holders to the Flow community. In community sales and auctions, the total sales volume exceeded $18 million.

Since then, Flow has skyrocketed, many excellent applications have settled in one after another, and a large number of users and developers have also come to it. As Flow's token launch on CoinList draws to a close, let's take a look at the latest progress Flow has made in 2021.

first level titleSecondary sales record highThe rise of NBA Top Shot has broken the previous records of this product and turned Flow into one of the fastest growing blockchains in the world. It also marks the beginning of a surge of mainstream interest in NFT and cryptocurrencies. at present,NBA Top Shot has more than 1 million registered users and nearly $1 billion in sales,Proof that mainstream consumers are eager to engage with such user-friendly blockchain applications. At the same time, Flow's partners also seized valuable opportunities. Organizations such as the NFL, La Liga, and UFC have partnered with Flow and listed their digital collectibles on the Flow network. Additionally, Flow's NFTs will soon be available on the largest NFT marketplace --OpenSea online transactionThere have been more than 10 million NFT transactions and 50 million blockchain transactions to date.

In comparison, Axie Infinity has settled about 6 million transactions, and Ethereum has settled about 3 million NFT transactions.

first level title

Companies on the Flow chain will raise a total of over US$700 million in 2021The Flow blockchain is already home to countless communities in art, music, gaming, tech, sports, and more.50 companies

Built on the Flow network. Today, that number has grown to more than 650, which equates to roughly 25% monthly growth and includes a growing number of categories such as gaming and entertainment. Top projects like Chainmonsters, Eternal, RCRDSHP, The Fabricant, Koening, and Giglabs drive platforms are not only enjoying the popularity of users, but also gaining the favor of investors. Flow-based projects have raised more than $700 million in funding in 2021, while Flow blockchain creator Dapper Labs has also raised $600 million.

first level titleThe number of wallets is growing rapidlyNine months after the beta launch of its first dApp, NBA Top Shot, Flow has more thanwallet. In the nine months of DeFi Summer in 2020, only 1.5 million wallets interacted with the DeFi protocol. Third-party Flow wallets like Blocto are becoming user asset hubs for Flow partners of all parties. And it is worth noting that in less than a year, Blocto has won the

More than 200,000 users, whose users have bet more than $500 million on FLOW through the app.

Unique Token Economy

FLOW is the native currency of the Flow network and the fuel of the Flow ecosystem. FLOW has a wide range of functions, covering transaction fee payments, betting, management, collateral for DeFi on Flow, payments, and more. Transaction fees are used to pay staking rewards, which are derived from the difference between target rewards and transaction fees resulting from the protocol. If transaction fees exceed the target reward, the protocol locks the excess fees in an escrow wallet, effectively turning FLOW into a fixed-supply asset. This effect will become more pronounced as the usage of the network increases and more users join and more transactions occur on the network.

secondary titleCryptoKitties、Dapper Wallets、NBA Top shot。

Flow is a fast, decentralized, and developer-friendly blockchain designed to be the foundation of digital assets that power a new generation of gaming and entertainment applications. Flow is the only Layer-1 blockchain team that delivers a great consumer experience from start to finish. dApps created by its team include:

CrytoKitties quickly became the most popular dApp in the crypto market when it launched in 2017, clogging Ethereum due to its success. NBA Top shot, which operates on Flow, has also become the fastest growing dApp, generating $700 million in sales in the 6 months since its public launch. All this is possible because of the scalability and consumer-friendly experience of the Flow public chain. With over 300 projects currently in the pipeline on the Flow chain, we look forward to seeing a great ecosystem flourish.

About Dapper Labs

Dapper Labs is one of the world's top blockchain service providers located in Canada. At the end of 2017, it successfully entered the user's field of vision through the CryptoKitties collection game, and because the explosion of CryptoKitties caused the congestion of Ethereum, it launched the Flow public chain and a new The development language - Cadence, aims to attract more developers to develop applications on Flow.