Try Quests to earn FLOWFLOW's Path To Decentralization
Flow is becoming more permissionless! Flow’s long-term vision is to optimize for security and scalability and move toward decentralization over time. With the release of permissionless contract deployment and new nodes for staking, build an analysis around the state of staking on Flow
Introduction
To solve this bounty, I will first explain the flow token itself and the history of its formation, then I will explain about the nodes in the flow network, then I will come to the flow stack, and at the end, I will draw different charts to answer the questions of this bounty I answer
The flow blockchain was launched in conjunction with Dapper Labs’ NBA Top Shot, a blockchain-based digital collectibles marketplace that specializes in basketball cards.1 According to Dapper Labs, as of May 2022, the flow blockchain has processed more than 20 million NBA Top Shot transactions worth over $1 billion.2
Flow was first built as a tool for Dapper Labs’ game developers to meet their own needs, and later launched publicly to support other decentralized applications.
The coin supply is not capped, although the inflation rate of FLOW—the annual rate at which new tokens are generated as rewards leading to an increase in supply—is currently limited to 3.75%.3
The flow blockchain was designed to support games and consumer applications, and can potentially process the transactions of millions of active users. Games, collectibles, and related apps can be supported by the flow blockchain.
By supporting interaction among smart contracts, the flow blockchain is positioned to allow for a large number of applications on its platform, much like the ethereum blockchain.
Flow nodes are very important components of the Flow blockchain. Nodes are responsible for a variety of network operations to maintain a distributed ledger.
The flow blockchain uses a modified version of the proof-of-stake mechanism to achieve consensus, which means that cryptocurrency transactions are validated rather than mined. The flow network consists of nodes that perform specialized tasks. Flow’s blockchain divides tasks that are typically performed by a single validator among several network participants.
To process cryptocurrency transactions and add new blocks to the blockchain, flow relies
four types of nodes:
1.Consensus nodes: These nodes determine the presence and order of transactions on the flow blockchain.
2.Execution nodes: They run the computations required to complete and verify flow transactions.
3.Verification nodes: The activities of execution nodes are monitored and verified by verification nodes.
4.Collection nodes: Collection nodes exist to enhance network connectivity and data availability across the flow blockchain. Note The flow blockchain also uses another cryptographic technique called the Specialized Proofs of Confidential Knowledge (SPoCKs), to ensure that the execution and verification nodes are doing their jobs properly.
What is stacking
Flow is a global network of computers working together to maintain the security and integrity of its users' data.
This global network is made up of many individual nodes: software applications run by people. Every node in the network shares a small part of the responsibility to keep the network running smoothly and to ensure that other nodes are doing the same. This shared responsibility is sometimes called decentralization, because no single central node is solely responsible for the security and integrity of the network and the data it contains.
Node operators are what we call the people who run nodes. In order to connect their software applications as nodes on the network, a node operator must first purchase tokens. Every node operator has to temporarily give (or ‘stake’) a large number of their tokens to the network as a promise that they will not modify their node to do something that is against the rules of the network, like steal funds from users' accounts. This process of temporarily giving up tokens is called staking.
Introduction
I'm trying to analyze stacking in Flow in this dashboard. In the following, I will answer the questions of this bounty by drawing different diagrams. To start, we will use the flow.core.ez_staking_actions table. According to the table in front of us, we are faced with 6 types of actions that you can see. According to these 6 actions, I put them in 3 categories:
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Stake = DelegatorTokensCommitted & TokensCommitted
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Unstake = DelegatorUnstakedTokensWithdrawn & UnstakedTokensWithdrawn
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Claim Reward = DelegatorRewardTokensWithdrawn & RewardTokensWithdrawn
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I have only considered successful transactions for analysis.
Overall Number of Nodes, Delegators And Transactions
According to the above 3 numbers, it can be said :
Total Number Of FLOW Nudes is 422
Total Number Of Related action of (stake + unstake + claim reward) is 581K
Total Number of Unique Wallets is 38K
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According to the chart above, a total of 397.933K Stack transactions were made by 37,887 users. Also, the total number of 33.918 K Unstack transactions was made by 10.633K users in Unstake, but there are total 149.69k claiming reward transactions made by 10.15k users.
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In the above chart, which is defined logarithmically for better visibility, the total and the max volume belongs to the stake
Total $FLOW Circulating Supply is 1.036B
Net Staked $FLOW Volume (Stake - Unstake) is 0.699B FLOW
Ratio of Staked $FLOW to Circulating Supply of $FLOW is 67.4 %
According to the chart, the most transactions of less than 5 flow have the largest share. Also, in unstake the most transactions with less than 1000 and more than 100 "flow" constitute the largest percentage. And in the claim reward, the highest percentage is less than There are 5 flow.
But transactions above 1,000,000 flow in unstake have a significant percentage allocated to themselves compared to others
On an average day, the total number and volume as well as the number of users in Stake are more than others. Unstake is next.
Charts based on time
According to the chart above, in the early weeks, we have a high positive volume of net stack. At the end of January 2022, we have a high negative volume. But in the middle weeks of May, we have a high positive volume again, and the continuation of this path is more stable. The graph of the increase of Delegators has been accompanied by a positive slope until today. Of course, we have a sudden increase in the beginning and middle week of March.
According to the graph on the left, we have had the highest number of stacks in the first week of March. Almost always, the number of stake has been on the rise. In most weeks, the stack has been more than the unstack
As mentioned above In most weeks, the stack has been more than the unstack
We have a peak in the chart in December. We have a milder peak in October
Delegators Stats
According to the chart above:
unstake with 117.8865 K average volume per delegator with3.189675 transaction In the first place
Claim Reward with 26K delegator with above 10 transaction and stake with about 62K delegator with one transaction
60K delegator with a volume of less than 5 flow stake
According to the 2 diagrams on the left:
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0xebd406b037e56e92 and 0xebd406b037e56e92 is most number of stake with about 3500 stakes.
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0x0aabe4cf576e08ee and 0xe72ce32df935b2b4
is most volume of stakes with about 315 M FLOW
According to the 2 diagrams on the right :
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0x6a7457b796dee457 is most number of unstake with about 988 unstakes.
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0x034b5af0e8cfb26b and 0x1cff81fcce6a028f
is most volume of unstakes with about 312 M FLOW
Nodes Stats
0x5dc3fc329730c066 is most volume of claimed rewards with 6.54347M FLOW
According to the chart above
, 2cfab7e9163475282f67186b06ce6eea7fa0687d25dd9c7a84532f2016bc2e5e is the most popular node on FLOW with 78% of all total delegation and delegators activity .
The node id a8a34668b9c3eb824955df6f184832199d78aedacba3c846ee76e89cde7c1c98 has the most volume of stakes and the node id e20501aa4f972ddeddbd3905566389109b02b8eacd2d0dc48a4f2a567dedd648 has the most volume of unstakes. The node ID 2cfab7e9163475282f67186b06ce6eea7fa0687d25dd9c7a84532f2016bc2e5e has currently the most net staked FLOW.
0x0aabe4cf576e08ee and 0xe72ce32df935b2b4 is most net volume of stakes with 312M FLOW
Circulating Of FLOW
For analysing circulating $FLOW, I have extracted the circulating $FLOW from .
Circulating Supply on 11/05/2022
1,036,200,000
