Try Quests to earn FLOWWallet Providers
Wallet Providers
Some wallet providers, like Blocto, subsidize the FLOW network fees for their users. As such, the payer for all of these transactions, as listed on the scanner and in our tables, is the wallet address 0x55ad22f01ef568a1. Are other wallet providers doing something similar? Can we determine what wallet provider an address is using from payer or any other transaction data?
Methodology
We will look at what wallet providers are subsidizing gas fees on flow. We will look at the number of transactions and volume of flow subsidized.
What is Flow ?
Flow is a proof of stake blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Created by a team that has consistently delivered industry-leading consumer-scale experiences including CryptoKitties, NBA Top Shot, and NFL ALL DAY, Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more.
What is a Wallet Provider?
A wallet provider is. an entity that provides a virtual currency wallet (i.e., a means (software application or other mechanism/medium) for holding, storing and transferring bitcoins or other virtual currency).
Conclusion
Dapper Labs covers the transaction fees for 300,000 - 1,300,000 transactions weekly on Flow. This number of transactions cost Dapper Labs between 1 and 10 FLOW each week. In total there have been over 300,000 Users getting their fees subsidized by Dapper Labs. Overall the wallets that are paying for their users fees have spent less than 100 flow to pay these fees in total.