FLOW, the native token of the Flow layer-1 blockchain network, is up 17% over the past day, making it the top gainer among the top 100 cryptocurrencies by market cap.
Currently, Flow (FLOW) is trading at $0.6283, according to data from crypto.news. The token’s trading volume has increased by 361%, reaching approximately $150 million. Additionally, FLOW’s market cap has increased to $950 million. Despite this increase, FLOW is still 98.6% below its all-time high of $46.16, recorded on April 5.
<img decoding="async" width="928" height="544" src="https://crypto.news/app/uploads/2024/07/FLOWUSDT_2024-07-25_11-27-45.png” alt=”Flow soars 17% after OKX Australia listing and key network upgrades – 1″/>
Developed by Dapper Labs, Flow is designed to support decentralized applications (dApps) and digital assets. The platform aims to offer a high-performance, easy-to-use environment that addresses scalability without compromising decentralization. Its architecture allows developers to create secure and efficient smart contracts.
FLOW serves multiple purposes within the Flow ecosystem, including payment of transaction fees, staking, and participation in network governance. The growing number of dApps and users on the platform has driven demand for FLOW, influencing its price.
The recent surge in FLOW value follows a surge on July 24. x.com/flowverse_/status/1816170917841756537″ target=”_blank” rel=””>advertisement by Flowverse, an nft discovery hub and marketplace for the Flow blockchain, indicating that OKX Australia has listed Flow on its exchange.
In addition, on-chain data analyst Adrià x.com/adriaparcerisas/status/1816096226276004242″ target=”_blank” rel=””>Outstanding Several key developments in a July 24 announcement. These updates include the launch of the Crescendo Testnet, scheduled for August 14, and the NBA Top Shot BETA reaching $100k in total value locked.
Additionally, 3,500 contracts have been created on Flow and a new open source category has been introduced to Flowverse.
Other notable achievements include MFL, a web3 football management game on Flow, which reached 50,000 secondary sales. Sean P. Robb also x.com/SeanPRobb/status/1816076536342081857″ target=”_blank” rel=””>shared Learn how to scale ethereum applications using the ethereum Virtual Machine (EVM) on Flow.
