The current price of FLOW is $0.71100. Over the last 24 hours, FLOW has decreased by -5.58%. It currently has a circulating supply of 1,552,021,963 FLOW and a maximum supply of 1,552,021,963 FLOW, giving it a fully diluted market cap of $1.10B. At present, the FLOW coin holds the 0 position in market cap rankings. The FLOW/USD price is updated in real-time.
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In the vast landscape of blockchain networks available for Web3 developers, FLOW stands out as a distinct and relatively new player with its own set of unique capabilities. FLOW also offers developers a platform to build innovative products within the crypto ecosystem.
What is Flow?
Flow is a blockchain protocol that facilitates scalability and promotes wider adoption across various ecosystems. It enables scaling without compromising decentralization or relying on sharding. The Flow network is well-suited for applications such as payments, GameFi, and non-fungible token (NFT) development.
One of Flow's primary objectives is to revolutionize gaming, applications, and the digital assets that fuel them. With its exceptional speed, decentralized architecture, and developer-friendly environment, Flow emerges as a frontrunner in the evolution of blockchain technology, ushering in a new era of possibilities.
The Flow team
The Flow blockchain was developed by Dapper Labs, the company behind the popular NFT collection NBA Top Shot. Dapper Labs has a track record of successful crypto and NFT projects in the blockchain industry. Leading the Flow team are notable individuals such as Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem. Their contributions have played a significant role in developing the Flow network, establishing it as a prominent protocol for Web3 games and digital collectibles.
How does Flow work?
Flow operates differently from traditional scaling techniques like sharding. It utilizes a Proof of Stake (PoS) consensus mechanism to achieve improved speed and network capacity without imposing high transaction fees. Flow harnesses the strength of its distributed network by intelligently assigning tasks to nodes based on their specific technical capabilities.
Flow’s native token: FLOW
FLOW, the native cryptocurrency of the Flow ecosystem, plays a pivotal role in driving the new era of an inclusive and borderless digital economy. Unlike a token, FLOW functions as a coin, serving as the backbone of the robust digital infrastructure that powers the Flow network. As the lifeblood of the ecosystem, FLOW facilitates seamless transactions and ensures the smooth operation of the diverse range of applications within the Flow economy.
The Flow ecosystem
The Flow ecosystem comprises a rich tapestry of renowned entertainment brands, visionary development studios, and venture-backed startups. The ecosystem's vibrancy is fueled by collaborations with global IP powerhouses, including Warner Music, Ubisoft, NBA, and UFC. Leading game developers further amplify the potential of Flow. Additionally, notable figures in the crypto realm, such as Circle and Binance, lend their expertise to enhance the capabilities of Flow.
FLOW tokenomics
The FLOW token has a circulating supply of 1,036,200,000 and a total supply of 1,433,180,637. Currently, 72 percent of FLOW's total supply is in circulation among token holders.
FLOW use cases
FLOW plays a crucial role in the success of the Flow ecosystem, as it is used for transaction fees related to computation and validation services. Additionally, it serves as the required downpayment or collateral for accessing data storage services and acquiring secondary tokens within the network. In other words, developers need FLOW to mint their own tokens. Lastly, FLOW acts as the governance coin used for voting on proposals that determine the direction of the Flow network.
What does the future hold for Flow
Flow, as a blockchain network, has been specifically designed to achieve mass adoption of Web3 technologies. In the future, Flow envisions creating opportunities for its community to develop innovative products and services, mainly focusing on applications that cater to large fanbases. This will involve exploring new business structures, funding channels, and community-driven governance models.
Flow aims to empower its users to actively participate in shaping the platform's future by encouraging experimentation and providing avenues for eventual ownership. With its potential to disrupt various industries, Flow provides a conducive ecosystem for developers, entrepreneurs, and enthusiasts to drive innovation and foster the widespread adoption of blockchain technology.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 27K new posts about FLOW, driven by 9.3K contributors, and total online engagement reached 58M social interactions. The sentiment score for FLOW currently stands at 81%. Compared to all cryptocurrencies, post volume for FLOW currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of FLOW.
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Posts
26,659
Contributors
9,271
Interactions
57,900,197
Sentiment
81%
Volume rank
#0
X
Posts
16,349
Interactions
27,039,612
Sentiment
85%
FLOW FAQ
Is Flow decentralized?
Flow is designed to be a decentralized blockchain network. Currently, no single entity controls more than one-third of the consensus nodes, which is essential for ensuring network security and integrity. The Flow team is actively working towards progressive decentralization, meaning that as the Flow ecosystem grows and more users join the network, the protocol becomes increasingly decentralized.
Is Flow only for NFTs?
Flow is a versatile blockchain platform that caters to the entire Web3 ecosystem, offering support for fungible tokens (FTs) and non-fungible tokens (NFTs). Flow enables the creation and exchange of various digital assets beyond NFTs. Additionally, Flow serves as a reliable crypto payment network, providing users with low transaction fees and efficient payment solutions. Furthermore, developers have the flexibility to build a wide range of decentralized applications (DApps) on the Flow network.
What is the FLOW price prediction?
While it’s challenging to predict the exact future price of FLOW, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is FLOW worth today?
Currently, one FLOW is worth $0.71100. For answers and insight into FLOW's price action, you're in the right place. Explore the latest FLOW charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as FLOW, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as FLOW have been created as well.
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