Flow Shatters Records with Explosive DeFi Growth—Messari Report Reveals Stellar Quarter
Flow blockchain just posted its strongest quarter ever—and DeFi's driving the surge.
Metrics Spike Across the Board
Transaction volumes hit new highs. User adoption skyrocketed. The network’s DeFi ecosystem didn’t just grow—it exploded, outpacing legacy chains that still treat decentralization like an optional feature.
Messari’s latest data shows Flow isn’t playing catch-up anymore. It’s setting the pace.
Sure, the numbers look impressive—until you remember most traditional finance outfits still can’t tell a smart contract from a rental agreement. But in the crypto world? Flow’s momentum is turning heads and shaking up expectations.
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.
