Validators process transactions and receive fees from users (supply-side fees).

Flow is a smart contract platform for decentralized applications (a blockchain). Flow was founded by Roham Gharegozlou, Dieter Shirley and Mikhael Naayem and launched in 2019.

FLOW holders own and govern the protocol. They currently don’t take a cut of the total transaction fees paid by users (revenue). Flow’s investors include a16z, Coatue, Coinfund, Fabric Ventures, etc.

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Flow

# Flow Staking market cap Methodology

## 1. Overview

Staking market cap measures the total USD value of FLOW tokens locked in the Flow blockchain's proof-of-stake system. This metric represents the market value of tokens committed by both node operators and delegators to secure the network. The calculation tracks all staking and unstaking events from the Flow blockchain, maintains a cumulative balance of staked tokens, and converts this amount to USD using end-of-day price feeds.

## 2. Data sources

- **Flow blockchain events**: Parsed staking events from the `FlowIDTableStaking` smart contract, including:
  - `TokensStaked` events (node operator staking)
  - `TokensUnstaked` events (node operator unstaking)  
  - `DelegatorTokensStaked` events (delegator staking)
  - `DelegatorTokensUnstaked` events (delegator unstaking)
- **External data**: End-of-day price feeds for FLOW token from CoinGecko
- **Event metadata**: Block timestamps and node IDs from Flow blockchain transaction logs

## 3. Step-by-step calculation

### Component A: Node operator staking movements
- **Purpose**: Captures staking balance changes from node operators who run Flow network validators
- **Logic**: Extracts `TokensStaked` and `TokensUnstaked` events from Flow blockchain event logs. Each `TokensStaked` event represents tokens added to a node's stake (positive amount), while each `TokensUnstaked` event represents tokens removed from a node's stake (negative amount). Events include the node ID and staking amount in FLOW tokens.
- **Key fields**: `nodeID` (validator node identifier), `amount` (FLOW tokens staked/unstaked), `block_timestamp` (event timing)

### Component B: Delegator staking movements  
- **Purpose**: Captures staking balance changes from delegators who stake tokens with existing node operators
- **Logic**: Extracts `DelegatorTokensStaked` and `DelegatorTokensUnstaked` events from Flow blockchain event logs. Similar to node operator events, staked amounts are positive and unstaked amounts are negative. Delegator staking allows token holders to participate in network security without running their own validator nodes.
- **Key fields**: `nodeID` (target validator node), `amount` (FLOW tokens delegated/undelegated), `block_timestamp` (event timing)

### Component C: Daily balance aggregation
- **Purpose**: Combines all staking movements and calculates net daily changes in total staked amount
- **Logic**: Merges node operator and delegator staking events into a unified dataset. Truncates event timestamps to daily boundaries and sums all positive and negative staking amounts for each day. This produces the net change in total staked FLOW tokens per day.
- **Key fields**: `timestamp` (daily boundary), `assets_staked_balance` (net daily change in staked tokens)

### Component D: Cumulative staking calculation
- **Purpose**: Maintains a running total of all FLOW tokens staked in the network over time
- **Logic**: Applies a cumulative sum over the daily balance changes, ordered chronologically. This running sum represents the total amount of FLOW tokens staked at the end of each day. Forward-fills any missing dates to ensure a continuous time series without gaps.
- **Key fields**: `timestamp` (daily date), `assets_staked` (cumulative FLOW tokens staked)

### Final aggregation
- **Combining components**: The cumulative staking amounts flow directly from the balance calculation without additional joining
- **Currency conversion**: Converts total staked FLOW tokens to USD using end-of-day CoinGecko price feeds, multiplying the token amount by the corresponding daily price
- **Time aggregation**: Maintains daily granularity with timestamps truncated to day boundaries
- **Final calculation**: The staking market cap equals the total cumulative staked FLOW tokens multiplied by the end-of-day FLOW/USD exchange rate, representing the total market value of tokens locked in the Flow proof-of-stake system

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens currently staked to secure a proof-of-stake network.

FlowFLOW

Staking market cap

Staking market cap

Competitive landscape

Chain breakdown