Flow's DeFi TVL rose 46.3% to $68 million, making Q2 its best quarter yet.Flow's DeFi TVL rose 46.3% to $68 million, making Q2 its best quarter yet.

Flow records strongest quarter yet with DeFi growth: Messari report

2 min read

Flow’s DeFi ecosystem is growing fast, with DeFi TVL up 46% quarterly to $68 million.

Summary
  • 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

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.

Market Opportunity
DeFi Logo
DeFi Price(DEFI)
$0.000346
$0.000346$0.000346
-1.98%
USD
DeFi (DEFI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million

Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million

The post Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million appeared on BitcoinEthereumNews.com. The two giant BTC holders, Strategy and Metaplanet, have stirred the waters despite the FUD in the Bitcoin market by acquiring a total of 6,269 Bitcoins. According to reports, Strategy has acquired 850 BTC while Metaplanet has acquired a bumper 5,419 tokens. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, purchased BTC worth $99.7 million at $117,344 per Bitcoin. This has brought its total Bitcoin holdings to 639,835 BTC, acquired for about $47.3 billion at $73,971 per Bitcoin. JUST IN: Strategy buys 850 BTC for $99.7M at $117,344 per BTC. Now holds 639,835 $BTCTotal spent: $47.33B Avg cost: $73,971 per BTCYTD BTC yield: 26.0% https://t.co/7iv2difHzR pic.twitter.com/O8WfDpJDxQ — Cryptopolitan (@CPOfficialtx) September 22, 2025 On the other hand, as reported by Cryptopolitan, Metaplanet purchased BTC worth $632.53 million at an average price of roughly $116,724 per Bitcoin. This has brought its total BTC holdings to 25,555 BTC, which was acquired for approximately $2.7 billion and purchased at an average price of $106,065 per BTC. Strategy slows down BTC purchase while Metaplanet adds speed The US company’s most recent Bitcoin purchase is in line with a recent trend of small purchases, showing a slowdown compared to the big purchases seen earlier this year. Strategy bought 3330 Bitcoin in September, which is a big drop from the 7,714 BTC it bought in August and a 75% drop from the 31,466 BTC it bought in July. In line with Bitcoin, Strategy’s stock has dropped about 2% in the last 30 days. Starting in 2020, the company put most of its money into Bitcoin. It used a mix of debt and stock to buy huge amounts of BTC, which turned the business intelligence software company into a Bitcoin giant. Still, the stock has gone up 2,200% since it started buying BTC. On the other hand,…
Share
BitcoinEthereumNews2025/09/22 22:54
Payward Revenue Hits $2.2 Billion as Kraken Exchange Reports Strong 2025 Growth

Payward Revenue Hits $2.2 Billion as Kraken Exchange Reports Strong 2025 Growth

TLDR Payward, Kraken’s parent company, earned $2.2 billion in 2025, a 33% increase from 2024’s $1.6 billion Trading revenue and asset-based services each contributed
Share
Blockonomi2026/02/04 20:11
Super Micro Computer (SMCI) Stock: Revenue Soars Past $12B on AI Server Boom

Super Micro Computer (SMCI) Stock: Revenue Soars Past $12B on AI Server Boom

TLDR Revenue hit $12.7 billion, crushing $10.42 billion estimate and up 123.4% year-over-year EPS of $0.69 beat consensus $0.49 by 40.8% in fiscal Q2 Q3 guidance
Share
Blockonomi2026/02/04 20:36