Flow hits TVL peak driven by KittyPunch, stablecoins and cross-chain bridging
Flow Monthly Overview - May 1, 2025
Welcome to the Flow Overview.
Every month, we’re diving into the Flow ecosystem developments to get up to speed on its latest updates, metrics, insights and more.
The State of Flow
$FLOW: $0.41 (+17.14%)
Total staked FLOW: 557.1M (-9.37%)
Flow total value locked (TVL): $55.61M (+18.79%)
Top Flow dApps by UAW change:
NBA TopShot: 17.1K (-28.87%)
NFL All Day: 3.72K (+31.86%)
MFL: 2.78K (+55.56%)
Transactions: 8.79M (-22.29%)
Active Users: 312.47K (-75.51%)
Accounts Created: 109.94K (-88.82%)
These metrics are accurate upon publication. The percentages are based on month-over-month change, unless noted otherwise.
Go with the Flow
🌊What happened: Flow hit an all-time high in TVL at $55.61 million. The chain’s growth was led by DeFi protocol KittyPunch, as well as increased cross-chain bridging and stablecoin growth.
🌊Why does it matter: The network's TVL rose 18.79% month-over-month. This growth is mainly contributed by the rise in KittyPunch TVL and stablecoin market cap, as both hit all-time highs of $25.73 million, up 33.5% on the month, and $22.46 million respectively. This can indicate growing user activity and liquidity flowing on Flow, particularly in the DeFi sector.
KittyPunch is Flow’s largest DeFi platform by TVL with protocols for decentralized exchange, bridging, swapping, farming, NFTs and more. In the past month, KittyPunch’s DEX, KittySwap, has seen over $1.5 million in swap volume led by wrapped FLOW, bridged USDC and TRUMP coin, according to Flipside data. There has also been a 108% month-over-month growth in KittyPunch liquidity providers to 562. This indicates increasing participation and confidence in providing liquidity to the protocol by locking up assets on the platform.
Additionally, DeFi protocol Vaultopoli reached over 166,000 NBA TopShot Moments held on its platform, as well as 132,000 asset swaps all time. This user activity suggests an increase in retail user engagement across platforms.
Vaultopoli introduced TSHOT, a token representing Common and Fandom tier NBA TopShot Moments. TSHOT plans to engage non-traditional crypto users like NBA fans by providing increased onchain liquidity for these NFTs, also known as “Moments,” which can also help bridge mainstream consumer brands into the DeFi space.
Furthermore, Flow’s integration with bridging partners such as Hyperlane, LayerZero and Stargate, amongst others, has opened it up to other chain’s ecosystems. This has led to bridge activity going up drastically on the network with total bridged volume at $39.2 million, according to Flipside data. Recently, daily bridge volume has surged from $722,000 to $2.07 million, with daily bridges also increasing 274% to 6,533 in the past month.
🌊The big picture: Flow's recent metric growth can showcase it is able to support an increase in users and liquidity. The rise in cross-chain bridging also indicates Flow is becoming more interconnected within the broader web3 ecosystem.
This capability and connectivity are also facilitated through Flow’s Crescendo upgrade. By introducing its EVM equivalence to developers, Crescendo can be a link between Flow and Ethereum's ecosystem, opening up more DeFi possibilities.
In recent months, Flow’s weekly transactions have consistently been over 1.5 million, showing developers and users are utilizing these new capabilities. Currently, approximately 23% of these transactions are through the EVM and 77% are via the Cadence upgrade. As cross-chain demand and onchain activity continues to increase, it can position Flow as a network for both native and multichain applications.
Interested in learning more?
Follow Flow and visit their website to explore additional opportunities.
What’s Flowin’ through the ecosystem?
Diving into the biggest announcements, developments and more happening within the Flow
Vaultopoli released TSHOT, NBATopShot’s token for “Common and Fandom Moments”
Watch this tutorial to learn how to swap NBA TopShot Moments to TSHOT
Read about aiSports' fantasy basketball platform built on NBA Top Shot
Flow ranked as the “most built on L1 at ETHGlobal Taipei with 25 new projects
Learn more about MFL, a fantasy football ecosystem with over 2.7K competing clubs and $3M total volume in this blog
Watch Flow's developer tutorials about how to get started developing using Cadence contracts
Check out the updated Getting Started Guide
Follow the community’s Flow
Want to build on Flow? Visit the developer portal for more info on documentation and tools. Or go further down the Flow rabbit hole:
In Dubai for Token2049? Join the Frens Network side event collaboration with Flow, Pudgy Penguins and more
Learn how to claim your MEOWCOIN airdrop from CryptoKitties
Join the Flow Scholars Program for Consensus 2025 and attend the exclusive VIP dinner for founders and developers
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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.