Flow integrating LayerZero’s bridge broadens its possibilities to 70+ chains
Flow Monthly Overview - February 6, 2025
Welcome to the Flow Overview.
Flow is a layer-1 blockchain designed to fix scalability, composability, and decentralization challenges, while also delivering energy efficiency and high performance for next-generation apps. For example, dApps like NBA Top Shot, NFL All Day and other novel financial systems are built on Flow’s fast and developer-friendly environment.
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: $0.487 (-23.7%)
Total staked FLOW: 575.33M (+0.08%)
Flow total value locked (TVL): $30.55M (-18.34%)
Top Flow dApps by UAW change:
NBA TopShot: 6.56K (+2.42%)
NFL All Day: 3.47K (-19.86%)
MFL: 653 (-28.63%)
Transactions (rolling avg.): 303M (+12.77%)
Total daily active wallets: 517.25K
These metrics are accurate upon publication. The percentages are based on month-over-month change, unless noted otherwise.
Go with the Flow/Into the Flow of Innovation
🌊What happened: Flow has integrated LayerZero’s Stargate bridge on its network to provide a cross-chain bridge for its users.
🌊Why does it matter: This integration gives Flow users and dApps the ability to tap into a native asset cross-chain bridge, providing more secure transfers with instant finality. It also opens up access to Stargate’s unified liquidity pool, Omnichain DeFi, which has $340 billion in TVL.
LayerZero supports over 70 blockchains and has over 200 applications built on top of its technology. This integration connects Flow’s ecosystem to the broader web3 ecosystem, for the first time.The ability for liquidity to move from external chains into Flow can help the ecosystem’s growth by increasing capital and enhancing user experiences across its dApps.
Flow's DeFi protocols such as Increment.Fi, Trado, and KittyPunch can also benefit from this upgrade as Stargate can help alleviate the liquidity demands of these dApps and provide users better onchain experiences when transferring and accessing funds. Additionally, this could provide a better trading, swapping, and yield experience on these platforms with the access to Stargate’s cross-chain liquidity pools.
Meanwhile, the secure native transfer element gives users the ability to operate across chains, while keeping assets in their original state across multiple networks. The access to a unified pool of assets through the Omnichain’s aggregated liquidity also helps developers leverage Flow’s low transaction cost infrastructure and build dApps with cross-chain capabilities. Flow users and devs can also tap into other benefits like aggregated liquidity across multiple networks, reduced fragmentation, and improved access to deep liquidity.
🌊The big picture: Cross-chain native asset transfers give users a feeling of less friction and more interoperability. This function also creates a practical form of integration by linking liquidity across chains and ensuring assets can transfer through safe and secure bridging. This setup ensures that users have immediate access to funds and that assets maintain their native state as they move across different networks.
As interoperability and native asset transfers grow, many previously fragmented blockchains will have its liquidity, users and capabilities all connected. Stargate and other interoperability solutions are helping to unify web3 ecosystems, while improving user and developer experiences. Flow’s integration of Stargate can help the ecosystem to expand to other chains’ opportunities, while remaining within its community, and contribute to the broader unification of web3.
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
Following DeepSeek? Read how Flow is using a similar approach, but through its blockchain
Flow integrated Axelar, an interoperability platform, on its mainnet to help developers build across blockchains, launch interchain tokens and more
Noves, an onchain data availability layer, is now live on Flow and providing APIs for data integration
NBA Top Shot had two premium packs drop this week
Explore the Super Bowl Grail Seeker NFT packs on NFL ALL DAY
Kitty Punch hit a 24-hour all-time high in trading volume and fees generated, at $874.7K and $2.62K, respectively
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 via its latest trending apps here or through an activation below:
Flow is providing $10,000 in prizes during the ETHGlobal Agentic Virtual Hackathon
Check out the Builder Perks Program, connecting developers to free tools and services
Are you in Lagos? Join the The Africa Hack on Friday Feb. 7, in an event sponsored by Flow and SudoCat
Get rewarded for discovering apps on Flow Community Rewards
Visit this calendar to see all the latest Flow working group sessions and office hours
To get this newsletter delivered to your inbox, subscribe below. Or join the Flow Discord link here for more information.
This product was built by Token Relations.
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.