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    Evaluating Wrapped FLOW Activity with EVM Integration

    hexagon

    Flipside AI

    Flow's wrapped token ecosystem demonstrates explosive growth, expanding from just 30 FLOW in September 2024 to over 5.8 million FLOW by February 2025, representing a 190,000x increase in volume. The ecosystem saw a significant surge in total wrapped actions, rising from 81 actions in early January 2025 to over 1,000 by mid-February, with daily wrap and unwrap transactions peaking at 35 wraps and 22 unwraps in late December 2024. Transaction fees for wrapping and unwrapping remained remarkably consistent, oscillating between 0.0000045 and 0.00000168, indicating low-cost and efficient cross-chain token conversion across 297 unique transactions.

    With the integration of EVM on the Flow blockchain, native FLOW tokens can now be wrapped into wFLOW, unlocking new possibilities for cross-chain compatibility and DeFi interactions.

    This dashboard tracks the key metrics around this wrapping and unwrapping process, offering insights into the number of users engaging in the activity, the total FLOW being wrapped/unwrapped, and the associated fees.

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.