Flow records strongest quarter yet with DeFi growth: Messari report
Flow’s DeFi ecosystem is growing fast, with DeFi TVL up 46% quarterly to $68 million.
- Flow’s DeFi TVL rose 46% to $68 million in the last quarter, best performance yet
- The chain is shifting its strategy to stablecoins, liquid staking, and DeFi.
- PayPal’s PYUSD supply on Flow rose 212% QoQ to $26.2 million
Once dismissed as an NFT chain whose time had passed, Flow (FLOW) is slowly making a comeback. On Thursday, August 21, Messari released a report on the state of the Flow ecosystem in the second quarter of 2025. The report reveals a 46% jump in TVL to $68 million, making it the best-performing quarter to date.
The growth is coming less from collectibles and more from stablecoins, liquid staking, and DeFi. Notably, Flow has seen significant interest in stablecoins, with PayPal’s PYUSD supply rising 211.9% QoQ to $26.2 million. This made PYUSD the biggest stablecoin on the network.
At the same time, developer activity saw a boom, with a 473% QoQ jump in smart contract deployments. April was the most active month for contract deployments, with deployments reaching 45,239. What’s more, user interest grew even further, with average daily transactions on Flow up 602% to 40.1k, following the LayerZero integration.
Smart contract deployments on Flow | Source: Messari
Flow pivots from early NFT strategy
Rising activity shows that Flow has successfully pivoted from its early NFT focus. Launched by Dapper Labs in 2020, the creators of Ethereum-based ( ETH ) CryptoKitties NFTs, Flow has seen a significant transformation. At its inception, it was a response to the congestion that CryptoKitties created on Ethereum. Flow was supposed to be a layer-1 chain that could handle mass consumer dApps.
At the time, it rode the early NFT wave, securing partnerships with giants such as Disney, the NFL, and the NBA. However, the decline in interest in digital collectibles led Flow to shift its strategy, with a greater focus on DeFi.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock’s Strategic Ethereum Accumulation: A New Era for Institutional Crypto Allocation
- BlackRock's ETHA ETF drove Ethereum's dominance over Bitcoin in 2025, attracting $262.6M in a single day and $1.83B in 5-day inflows. - Ethereum's 3-6% staking yields, post-merge upgrades, and 30% staked supply created a deflationary flywheel, outpacing Bitcoin's stagnant PoW model. - Institutional adoption surged as Ethereum was reclassified as a utility token, enabling $9.4B in Q2 2025 ETF inflows and $10B derivatives open interest. - Bitcoin ETFs faced $800M outflows amid regulatory constraints, contr
Bitcoin’s New Dawn: Tether’s USDT on RGB Protocol and the Rise of a Global Payments Ecosystem
- Tether integrates USDT onto Bitcoin via RGB protocol, enabling scalable, private stablecoin payments on-chain. - RGB's off-chain data storage reduces fees and chain bloat while anchoring ownership proofs to Bitcoin transactions. - This innovation challenges Ethereum-based stablecoins and accelerates Bitcoin's adoption as a global payments layer. - Institutions now leverage $167B USDT liquidity with Bitcoin's security for cross-border settlements and DeFi applications.
Bitcoin’s Emerging Role as a Global Settlement Layer: A Strategic Inflection Point for Institutional Crypto Adoption
- Bitcoin has evolved from a speculative asset to a global settlement layer by 2025, driven by infrastructure innovations in scalability, interoperability, and liquidity. - Institutional adoption accelerates as banks, corporations, and pension funds integrate Bitcoin into capital strategies, supported by regulatory clarity and $15B+ in ETF inflows. - Layer 2/3 protocols like BitScaler and RGB enable cross-chain transactions and stablecoin integration, positioning Bitcoin as a secure, scalable foundation fo
Legal Regimes and Silver Valuation: How Corporate Transparency Shapes Investor Sentiment and Risk-Adjusted Returns
- Legal frameworks in common law vs. civil law jurisdictions shape silver valuation through divergent corporate transparency standards. - Civil law markets (e.g., EU) enforce standardized ESG disclosures, reducing volatility and boosting investor trust compared to fragmented common law regimes. - Firms in transparent civil law jurisdictions (e.g., Canada) achieve better risk-adjusted returns due to consistent governance and lower capital costs. - Investors are advised to prioritize civil law markets with e
Trending news
MoreCrypto prices
More
