observations

After a significant drop in June 2021, the trend of the number of stakers in the Flow ecosystem has been increasing and reached its highest value in May. This increase seems to be due to the increase in the amount of tokens in Flow circulation in May.

observations

• The amont of Net staking of FLOW is more than 600M
• as we can see in the daily chart of stake and unstake, the amount of stake is significantly higher than the amount of unstake.
• The total average value of the stake is about 1 million units more than the total average value of flow unstake.
• The average total reward claiming is more than 44,000 units of Flow tokens.

observations

According to the Messari website, since May 10th, the amount of tokens in circulation has increased,

The two graphs on the left, show the daily and cumulative value of the ratio of staking to circulating supply of Flow Token. According to these two graphs, the ratio of staking to circulating supply is 0.68.

observations

• It can be said that over time the interaction of stakers with validators has been more than that of unstakers.
• The interaction of stakers with validators has been more than twice the interaction of unstakers.

observations

• According to the chart on the left, on December 30, 2020, 270 new validators joined the Flow ecosystem, and then on October 5 and 6, 2021, more than 60 new validators joined the Flow ecosystem.
• There are currently over 400 validators in the Flow ecosystem

Introduction

What is FLOW?

Staking Flow allows you to earn passive income and support a blockchain that looks to combat the congestion bottleneck of existing blockchains. It is targeted at gaming and social networks and is intended to be highly scalable to ensure low transaction fees when interacting with these dApps. They plan to achieve this by using a multi-node architecture, meaning that nodes are specialized to carry out one of the following tasks; Collection, Consensus, Execution, and Verification. By having nodes specialize in one role, Flow is able to improve the efficiency of the throughput of their network.

• Consensus nodes help in decisions on the presence and order of transaction blockchain.

• Verification nodes take care of maintaining and supervising the execution nodes.

• Execution nodes, as the name implies, are responsible for the computation work related to every transaction.

• Collection nodes are involved in improving the data availability and network connectivity for

  decentralized apps.

  To read more

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In this dashboard, we will examine the progress of decentralization in Flow Blockchain in three different sections In the first part, we will check the staking actions and we will try to extract data related to different staking actions. For this part, we used three different actions to extract data related to stake and unstake and claim rewards, which are:

TokensCommitted and DelegatorTokensCommitted for stake.

UnstakedTokensWithdrawn and DelegatorUnstakedTokensWithdrawn for Unstake.

RewardTokensWithdrawn and DelegatorRewardTokensWithdrawn for claim rewards.

In the second part, we checked the data related to flow staking and explored the daily and monthly visualizations of its related statistics, and in the third part, we looked at the validators of the Flow network, and we checked the data related to flow staking and these validators. in all the visualizations of this dashboard,The flow.core.ez_staking_actions key table was used and we used the flow.core.dim_validator_labels table to extract the names of the validators.

Part I - Different Actions

observations

• The monthly amount of FLOW stake is more than the amount of FLOW Unstake, and the share of stake is more than the share of Unstake.
• In February and August 2021, a significant amount of Flow tokens have been Unstaked from the Flow ecosystem, which is about 900M Flow tokens in total.
• In total, more than 1.95 billion Flow tokens have been staked in the Flow ecosystem, and more than 1.25 billion Flow tokens have been unstaked from this ecosystem.
• The total average value of Flow Token Unstaking is about 12 times its total stake average.
• With the passage of time, the number of Flow delegators has increased compared to the number of unstakers, and as we can see this month, this ratio is 80 to 15, and the number has reached more than 38,000 users.
• The increasing trend in the number of staking transactions can also be seen, and in this month, the ratio of stake to unstake transactions is 85 to 10, and the number of stake transactions has reached about 400k.

Part II - $FLOW Staking and Stakers

Distribution observations

• According to the monthly and normalized distribution charts, most users of Flow ecosystem tend to stake between 1 and 10 units of Flow tokens in this ecosystem.
• According to the number distribution charts, the number of users who have done at least one stake transaction in the Flow ecosystem is about 6 times the number of unstakers.
• More than 3,000 users have claimed rewards from the Flow ecosystem at least once.

Top Users observations

• The 2 Top stakers have staked a total of more than 630M units of Flow tokens.
• The 2 top stakers have done more than 7,000 stake transactions in total.
• The Top reward claimer,has claimed more than 6.5 million units of Flow tokens.
• The Top 3 Stakers, have interacted with more than 100 validators.

Part III - Validators

observations

• In 3 validators, Consensus, Verification, and Collection, the largest flow volume has been staked.

• More than 350k stake transactions have been done in blocto validator.

• The most staked shares belong to Consensus Validator.

• Flipside validator is among the top 10 monthly validators. More than 2 million flows were staked in this validator in August.

• Among the top 10 validators who have staked the largest amount of flow, the most transaction related to the stake is below 10 flow, and in Consensus,Verification,Collection and execution validators, transactions above 1000 flow are significant.

Conclusion

In this dashboard, the superiority of stake Action over unstake Action is significant, and as we have seen, with the passage of time, the number of stakers and the volume of Flow staked have increased, and the interaction of stakers with validators has increased, and it can be said that this indicates the progress of decentralization in the Flow ecosystem, as We saw that more than 600 million Flow units have been staked in this ecosystem, and more than 38,000 stakers are active in this ecosystem, and more than 400 validators are active in this ecosystem.