Developers are able to use EVM codebases while incorporating Flow's Cadence features to provide access to alternative liquidity pools and users.

FLOW

<div><div>Welcome to the Flow Overview.&nbsp;Every month, we’re diving into the Flow ecosystem developments to get up to speed on its latest updates, metrics, insights and more.<h3>The State of Flow</h3><ul><li><a href="https://coinmarketcap.com/currencies/flow/">$FLOW</a>: $0.35 (-16.61%)&nbsp;<ul><li><a href="https://www.flowscan.io/">Total staked FLOW</a>: 614.72M (+5.44%)&nbsp;</li></ul></li><li><a href="https://defillama.com/chain/Flow">Flow total value locked (TVL)</a>: 46.56M (+3.05%)&nbsp;</li><li><a href="https://dappradar.com/rankings/protocol/flow?range=30d">Top Flow dApps</a> by UAW change:&nbsp;<ul><li>NBA Top Shot: +50.83%</li><li>NFL All Day: -70.97%</li><li>MFL: +94.56%</li></ul></li><li><a href="https://www.flowscan.io/analytics?interval=30D&amp;chartType=active_users">Transactions</a>: 11.32M (+35.92%)&nbsp;</li><li><a href="https://www.flowscan.io/analytics?interval=30D&amp;chartType=active_users">Active Users</a>: 1.28M (-65.71%)</li><li>​​<a href="https://www.flowscan.io/analytics?interval=30D&amp;chartType=accounts_created">Accounts Created</a>: 983.37K (+4033%)&nbsp;</li></ul>These metrics are accurate upon publication. The percentages are based on month-over-month change, unless noted otherwise.<h3>Go with the Flow</h3>🌊What happened:&nbsp; Flow blockchain has seen an increase of 151% in developer commits over the past 3 months, with weekly active developers growing 172% to 128 in the same period, according to <a href="https://app.artemisanalytics.com/developer-activity?ecosystemValue=Flow">Artemis</a> data.&nbsp;🌊Why does it matter: The combination of Flow’s Cadence programming language and EVM equivalence gives developers the ability to use familiar Ethereum tools, while tapping into its ecosystem benefits like gasless transactions and fast finality.&nbsp;This means developers are able to maintain existing EVM codebases while incorporating Cadence features that provide access to alternative liquidity pools and users. This strategy allows teams to build dApps using Flow’s developer tools without rewriting existing code and still maintaining EVM equivalence. For many teams, this significantly reduces time and risks associated with changing the core codebase. Additionally, this can lower the costs to develop on Flow, while opening new technical possibilities.Cadence can bundle multiple steps into single transactions, making for a better user experience by reducing complexity. For instance, token swaps that might require multiple approvals on other chains can be completed on Flow in one step and transactions can cost less than one cent.&nbsp;The platform has also made strong strides in user experiences especially with NFTs. This has allowed major brands like NBA, NFL, Mattel, and Disney to utilize Flow for launching collectibles. These brand partnerships demonstrate Flow's ability to scale for mainstream consumer applications without compromising on performance or user experience.🌊The big picture:&nbsp; Flow's architecture scales without sharding while maintaining decentralization and achieves transaction finality in under 10 seconds. This design enables applications on Flow to be tailored for consumers and thereby helps to create a better onchain experience for users.&nbsp;The growth in developer activity reflects rising interest in Flow's EVM equivalence and Cadence features which can lead to further innovations in web3 consumer dApps.Interested in learning more?&nbsp;<a href="https://x.com/flow_blockchain?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Follow</a> Flow and <a href="https://t.co/Pd2MqQ7k81">visit their website</a> to explore additional opportunities.<h3>What’s Flowin’ through the ecosystem?&nbsp;</h3>Diving into the biggest announcements, developments and more happening within the Flow&nbsp;<ul><li>NBA Top Shot is <a href="https://opensea.io/collection/nba-top-shot?sortDirection=desc">available</a> on Open Sea’s new platform OS2<ul><li>ICYMI: Tune in to conversation about NBA Top Shot's <a href="https://x.com/opensea/status/1904231575849443812">expansion</a> to OpenSea with Dapper Labs CEO Roham Gharegozlou</li></ul></li><li>Read about Flow's <a href="https://debridge.finance/learn/blog/flow-is-live-on-debridge/">integration</a> with deBridge, connecting it to 19 other networks&nbsp;</li><li>Check out Messari’s State of Flow Q4 <a href="https://messari.io/report/state-of-flow-q4-2024">report</a>; here are some quick stats we found interesting:<ul><li>TVL increased 91.6% QoQ to $37.7 million</li><li>Average daily active addresses grew 47.8% QoQ to 27,440</li><li>Average daily transactions increased 11.9% QoQ to 251,100</li><li>NFT trading volume rose 26.7% QoQ to $122,380 daily average</li></ul></li><li>Flowty's NFT marketplace <a href="https://flipsidecrypto.xyz/adriaparcerisas/flowty-stats-dashboard-J6-_fi">surpassed</a> 1M transactions and hit an all time high for weekly sales hitting 40K the week of March 20</li><li>Learn about Flow's new batched transaction <a href="https://x.com/flow_blockchain/status/1901988495213887576">feature</a>, enabling 40 transactions with just one signature</li><li>WatchFlow’s ETHDenver <a href="https://www.youtube.com/watch?v=RdoRqcoN9dc">recap</a> with insights on scalability solutions and enterprise adoption</li></ul><h3>Follow the community’s Flow</h3>Want to build on Flow? Join Flow Discord link <a href="https://discord.com/invite/flow">here</a> or <a href="https://developers.flow.com/">visit</a> the developer portal for more info on documentation and tools. Or go further down the Flow rabbit hole:<ul><li><a href="https://nbatopshot.com/">Claim</a> a free NFT pack from NBA Top Shot</li><li>Dive into the newly blossomed <a href="https://t.co/R7tyQgYhhF">fLOWers NFT</a> collection now available on OpenSea</li><li>Check out FlowStrategy's treasury protocol <a href="https://app.flowstrategy.xyz/">live</a> for FLOW deposit incentives</li><li>Listen to Flowfun's <a href="https://x.com/nftflowfun/status/1899861872641470624">X Space</a> for alpha on receiving FLOW rewards and other community updates</li><li>A16z backed Merkl <a href="https://app.merkl.xyz/create/hold">launched</a> on Flow, allowing token communities to create liquidity incentives on PunchSwap</li></ul>To get this newsletter delivered to your inbox, subscribe here.This product was built by <a href="https://www.token-relations.com/">Token Relations</a>.&nbsp;This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.</div></div>

Flow weekly active developers are heating up with 172% rise in Q1