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Flow Blockchain Achieves Significant Growth in Q2 2025
The latest quarterly report from crypto analytics firm Messari reveals that Flow has marked its strongest performance to date in the second quarter of 2025. The total value locked (TVL) on the network surged by 46.3% quarter-over-quarter, reaching a record US$68 million (approximately AU$104.77 million). This impressive growth signals Flow’s transformation from a focus on NFT and gaming to a comprehensive platform encompassing decentralised finance (DeFi) and traditional finance (TradFi).
Surge in Stablecoin Activity and Developer Engagement
A crucial driver behind this spike in TVL has been the remarkable performance of PayPal’s stablecoin, PYUSD—also referred to as USDF on the Flow network. The supply of PYUSD experienced a staggering increase of 211.9% quarter-over-quarter, rising to US$26.2 million (around AU$40.37 million), thus establishing it as Flow’s largest stablecoin. This remarkable influx indicates a growing interest in regulated, stable-value assets within the crypto ecosystem.
In conjunction with the rise in stablecoin activity, developer engagement has also seen a noteworthy boom. Smart contract deployments skyrocketed by 473% quarter-over-quarter, with April alone witnessing a record 45,239 deployments—the highest volume since October 2024. This dramatic increase demonstrates escalating confidence among developers, positioning Flow as the preferred foundation for the next wave of Web3 applications and hybrid financial services.
Forging Partnerships for Mass Adoption
Flow’s expansion is further propelled by strategic partnerships with major consumer brands. Notably, the collaboration with Disney+ to deliver digital pin collectibles has successfully engaged over 50 million subscribers, marking one of the largest consumer onboarding initiatives in the Web3 space to date. Teaming up with other prominent names such as the NBA, NFL, and Ticketmaster, Flow is solidifying its status as a consumer-centric blockchain, marrying established brands with innovative financial solutions.
Additionally, there has been a significant uptick in daily transactions on the Flow EVM, which soared by 602% following the integration of LayerZero, increasing from a modest 5,700 to 40,100 transactions per day. This surge reflects a robust demand for cross-chain capabilities and demonstrates real-time utility across Flow’s evolving ecosystem.
Current Status and Market Position
Despite these positive developments, Flow remains a notable player within the broader cryptocurrency landscape as the 105th largest cryptocurrency by market capitalisation. The network has not witnessed a new all-time high since 2021, where it peaked at US$46.16 (AU$71.21). Presently, Flow’s trading value has declined significantly, currently sitting at just US$0.42 (approximately AU$0.62), down 99% from its previous high.
Flow’s ongoing initiatives to bridge DeFi with traditional finance and its focus on mainstream adoption through collaborations are indicative of a desired resurgence. With an evident commitment to fostering a user-friendly experience and enhancing infrastructure for developers, Flow could very well position itself for future recovery and growth in the competitive crypto market landscape.
