Highlights:

Swap in: Price: • The Flow highest average price was 1.4 USD in February 20, 2023. Flow price changes are driven by BTC price fluctuations, however fungible token prices differ slightly. Sportium and Starly price act like almost fungible tokens. • Flow has the greatest Market Cap in USD and Fully Diluted Market Cap, while Starly has the lowest. Swap in: • USDT and Flow had the most swap in users, accounting for 75% of all users. • USDT had the most swaps (40%) followed by FLOW (30%).The Revv token received the fewest swaps. • Flow, USDT, and USDC account for more than 90% of the swap volume. Fungible tokens had the lowest swap volume. Swap out: • USDT has the greatest percentage of swap out users (38%). Flow and USDC are tied for second place with 20%. • USDT has the highest number of swap out (40%). Flow comes in second with 25%. • USDC, Flow, and USDT have the highest volume of swap out (96 percent). The Revv token has the lowest swap out volume. Swap pair: • The pair with the largest volume is USDC to USDT (41%). The pair of USDT to USDC comes in second (31%). • In general, swap users prefer USDC, USDT, and Flow. • The most liquidity is for USDC to USDT (3.9 million). The lowest liquidity is for Flow to USDC (991K). Bridge: Outbound: • the most bridge users were for USDC tokens (29%), Blocto tokens (28%), and USDT tokens (20%). • 51% of the bridges (1.28K) were for Blocto. • The USDT token (3.8 million) accounts for approximately 44% of the bridge volume, followed by USDC (1.9 million). • Bloto had the most users, bridges, and bridge volume, but C Bridge was poorly accepted. • USDC, USDT, and Blocto had the most users, bridges, and volume of bridges on the Blocto platform. • Ethereum network has the most bridge activity and volume. Inbound: • Blocto had the most users (55%) and Rally token had the fewest. Blocto received 64% of the bridges, followed by USDT. • Blocto is the more popular platform among users, while C Bridge is only utilised for the Rally token. • The Ethereum network has the most users and volume. Transfer: • Okex has the highest volume (100 million) and number of token transfers (13K). The Kraken exchange comes in second place in terms of volume (97 million) and token transfers (11 k). CoinList and Crypto.com have the smallest market share. • whale footprints observed in transfers and bridges for fungible tokens.

DeFi on Flow