Grim Meeper

Feb. 1, 2025

@RunOnFlux @RSNA If you're interested in #AI and #blockchain you don't want miss this. I'm looking forward to all the updates from Dan & Davy.

Exciting updates are coming! 🗓️ Join us live for our AMA this Sat at 9AM EST/ 14:00 UTC. We'll be discussing why #AI needs Flux Cloud and #PoUW, sharing insights from SC23 and @RSNA conf, unveiling an AI project we're working on, and much more! 👉 youtube.com/watch?v=fxhd63…

November was a great month for $Flux. This ecosystem is ALIVE! Organic growth keeps up the crazy momentum. November was the 2nd best month for Flux ecosystem revenue ever. December will be 🔥with #PoUW. January will be 🔥with #CES2024. Let's #Flux'ing go!

If only more would open their eyes to the potentials of blockchain technology. Also, it's worth noticing that this is made possible as Bitcoin is based on Proof-of-Work, impossible to do this with Proof-of-Stake. #POW #Mining

Warning: Long post incoming. Today, I will examine what interesting insights can be found by looking at the publicly available data from the $Flux parallel asset snapshots. The snapshots are interesting because they work like a census where every Flux on every chain stands up and gets counted. Grab a coffee and read on, or if you prefer there’s a TLDR to start with. Findings - TLDR: The #Flux ecosystem has seen growth throughout all recorded snapshots, even in the bear market albeit at a slower pace. While the number of new addresses being added continues to slow down in the bear market, adoption of Flux services is still increasing. Between the five snapshots the most growth has been on the Flux main chain (+542% addresses), with ETH (+384%), BSC (+365%) and KDA (+292%) also showing strong growth. In the latest snapshot most addresses holding Flux are on the main chain (90% of addresses) with BSC being the runner up (5% of addresses). In the time since the latest snapshot on October 31st, 2022, the average pace of Flux total supply growth through PA distribution and block rewards for Flux has slowed to about half when compared to the period covered by the 5 snapshots done so far. After the last PA distribution, the pace will be reduced by more than half again. Most Flux has been held on the main chain for all snapshots. On the PA chains the BSC and ETH chain has seen the largest inflow of PA tokens, while the other PA chains have seen a minor decline in Flux tokens present. At the last snapshot about 27% of the total Flux supply was held on PA chains. Disclaimer: This is by no means a comprehensive analysis as I’m only examining a few data points. However, it is still interesting to see if the available data supports my thoughts or assumptions about the Flux ecosystem. I’m doing this purely as a mental exercise motivated by my own curiosity. Although I am a member of the Flux team, this bit is something I’m doing on my own as a community member. It is entirely based off my personal opinions and could very well be wrong, so as always DYOR. The Flux Snapshots: So far, we've had 5 Flux snapshots. The snapshots are used to determine how the initial supply of a Flux parallel asset (PA) is distributed when a new PA is introduced. Flux PA are Flux tokens on blockchains other than Flux. They are part of the Flux maximum supply of 440m, and they can move across chains using the Fusion app in the #Zelcore wallet. You can find a deep dive on them here: fluxofficial.medium.com/flux-parallel-… Development in number of wallets: For each snapshot we can see how many addresses were holding Flux and the total amount of Flux on each chain when the snapshot was taken. Each snapshot counts every wallet holding Flux, no matter the amount (so also those holding only dust). The first snapshot only had to account for the Flux blockchain while the latest one had to account for a whopping 8 chains (Flux + 7 PA chains). Let’s start by looking at the development on number of addresses. Based on the data, the Flux ecosystem has seen growth over every snapshot. The most growth is (unsurprisingly) correlated with the tail end of the bull market in 2022. Between the first and last snapshot addresses on the Flux chain have increased by 542%. The PA chains with the most growth are BSC with 365%, ETH with 384% and KDA with 292%. These are also the first three PA chains to be launched. The current bear market started around May 2022 with the Terra-Luna crash. In the bear market growth continued, although at a reduced pace. Across all chains an average of 422 addresses were added per day in the bear market between snapshot 4 and 5. It’s been almost a year since the last snapshot and a quick look at the current number of Flux addresses (around 410K main chain addresses as of 20th sep.) shows that while new addresses are still being added the growth continues to slow with the bear market. While the rate of new addresses being added to the Flux ecosystem has slowed down with the bear market it is worth noting that the actual usage and revenue of Flux services have increased. At the time of writing Flux has seen an increase in revenue in seven consecutive quarters (source: bunnyanalyst.com), which covers the entirety of the bear market period. I believe that the dynamic of having less wallet growth while simultaneously having increasing adoption of Flux services is caused by the bear market. Less new people are currently finding their way into the blockchain world, but the ones that were already here or who need the services Flux provides will still continue to onboard into the ecosystem. Most addresses (90%) are on the Flux main chain as of the latest snapshot in October 2022, the second largest number of addresses are on BSC with about 5% of total ecosystem addresses. It’s worth noting that BSC is both home to the most DeFi activity on Flux and one of the supported chains on Binance which has the largest CEX trading volume for Flux. Another note is that with every Zelcore wallet install, some Flux is airdropped into a new Flux address so the user can enable decentralized 2FA. So, part of the growth in Flux addresses will also be attributed to the amount of Zelcore installs/account creations. Flux supply distribution across chains: Now let’s examine how the Flux supply has been distributed on the various chains at the time of each snapshot. The total supply of Flux was increased from about 123m to 275m (+124%) in the span of 583 days due to snapshot distribution, parallel mining, and block rewards. The pace of total supply growth has since slowed down, as most PA have been launched and there was a Flux block reward halving in the beginning of 2023. It’s been 324 days since the last snapshot and the circulating supply is currently 318m, an increase by about 42.6m. That means that pace of total supply growth has slowed to about half when compared to the period between the first and last snapshot. Currently there is only one PA distribution to go, once that is done, the total supply growth will be reduced even further to just the block rewards, around 54,000 Flux a day. At that point the pace of total supply growth will be at just a fifth of what it was in the period across the five snapshots. Throughout all the snapshots, the most Flux has been held on the main chain. This is no surprise as Flux node collaterals need to be locked on the main chain and Flux services also needs to be purchased with native Flux. As more PA chains have been introduced there has been a movement from main chain to PA chains. The number of PA tokens held on ETH and BSC chains have grown between snapshots while other PA chains have seen a decline, albeit minor. Note that all 12.3m initial tokens on KDA was still on that chain in snapshot 2 as the Fusion swap for that PA was not yet live at that time. Flux on ETH and BSC is supported by many CEX including Binance. Flux started trading on Binance between snapshot 3 and 4 (on Dec. 10th, 2021) which could be part of the explanation on the large growth in tokens on these chains for snapshot 4. The AVAX and ERG PA had a high number of tokens still on those chains in snapshot 5. The Fusion swap for those assets were live 1-2 months before then, but it seems most holders decided not to swap at that point in time. Overall, during the period of the five snapshots the Flux supply went from being 100% on the native Flux chain to having around 27% held on PA chains at snapshot 5. The data show increasing adoption or outflow to the PA chains which means they are being utilized. In conclusion: The findings are not too surprising in my opinion. Flux continues to grow as an ecosystem with activity on all PA chains. The most growth and Flux supply is found on the main chain which also serve as the central utility coin for interacting with the ecosystem, ie. nodes and services. Other prominent chains are BSC and ETH which are host to much of the Flux CEX trading volume. What I’ve personally noted as very interesting are two things: 1. The period between the first and last snapshot include seven PA distributions and is a period of growth in total Flux supply. In the period since the last snapshot the supply growth has now slowed to about half pace compared to the five snapshot period, primarily due to the block reward halving and because most of the PA have now been distributed. Once the final PA distribution is done the pace will slow even further. 2. The continued growth on all chains, even in the bear market the Flux ecosystem remains active with new addresses added on all ecosystems between snapshots. While growth on number of addresses is tapering off in the bear market, the adoption of Flux services continue to grow, which is a healthy dynamic. The next and final snapshot will happen on October 31st 2023, a full year since the last one. It will be very interesting to see what has happened since the last snapshot. If you made it all the way down here, thanks for reading! I will continue to do these pieces, the next one will dive into the data around snapshot claiming. Cheers!

@DeeArture It’s not a gathering for Flux holders. It’s a blockchain conference with many people from the Industry attending. I hope to meet some Flux holders too though.

Shoutout to @nordicblock! I look forward to spend two inspiring and eventful days in Copenhagen with my fellow #Web3 enthusiasts. If you're at the conference and want to learn more about @RunOnFlux decentralized infrastructure, find me (Flux shirt) or send me a DM here on X.

@cypherpunkx @github Man, feels like this is what #Decentralization was made for. The combined power of an almost endlessly scalable network put to good work.

This is what happens when medical #AI research meets #PoUW! We are training AI on what a CT scan is with a kidney stone, and one without, over and over again. We just grabbed an existing @github build, and ran it on a Jupyter notebook, and the cluster assigned it to our stack. Ya prob nothing…..#Flux $Flux #Web3 #CloudComputing

I love to see growth in the $Flux ecosystem. Looks like people are deploying @foldingathome apps to participate in the current Flux competition while doing something good for the World. #PoUW in motion. Beautiful! #Decentralization #Web3

@nordicblock Gm Nordic Blockchain! Looking forward to the conference, less than 14 days to go now. Excited at the prospect of learning a lot of new things from my fellow Web3 people. And hopefully share a little useful knowledge myself. See you soon.

Gm from Copenhagen beautiful people of web3

Did you know there has been an average of 112 cross chain swaps a day since the inception of $Flux Fusion? Or that there is still around 1.9 million unclaimed Flux-KDA from the first parallel asset snapshot? The Flux community often discuss topics related to Fusion swaps, fees, snapshot claims etc. However, I've noticed that the discussions often lack the factual data needed for an informed and constructive chat. Luckily that can be easily fixed. I'll be doing a series of tweets with analysis based on the publicly available data. I'll start next week and do it in three parts: ➡️Snapshots ➡️Parallel mining ➡️Fusion Swaps Give me a follow to catch them all. #Flux #blockchain

$Flux put out another great update. It might not seem like much to the average user, but this update along with the recent Flux Domain Manager update will ensure that users reach the apps on Flux faster and more reliably. Better tech = more adoption. github.com/RunOnFlux/flux…

Bull and bear markets come and go but the tech is here to stay. webthreemarketing.org/web3-industry-… #crypto #blockchain #Web3

Researchers and academics, are you interested in making more efficient use of your research grants? #Research labs can access cheaper computational resources and even share resources by using a decentralized network. Reduce costs, avoid valuable assets sitting idle and build strong and independent networks by leveraging #blockchain technology. The $Flux decentralized #PoUW network will provide new opportunities for researchers and academic institutions to optimize their research labs and get more compute for less funds. The networks is being developed in collaboration with University of Applied Sciences Geneva and has a keen focus on how this can provide value for researchers and academic institutions. If you want to know more, don't hesitate to contact the Flux team - runonflux.io I will also be present at nordicblockchainconference.com and will be happy to answer any questions. #Web3 #nordicblockchainassociation

Lots of projects in #blockchain are currently launching marketplaces for GPU compute. These simple marketplaces are a good starting point, but they lack the features to bring large scale adoption from both the sellers (GPU #miners) and the buyers (Enterprises and consumers). $Flux #PoUW is not just a GPU marketplace it is a fully featured end-to-end ecosystem that will change the industry. Features include: //User friendly interface making the ecosystem very accessible for everyone while retaining many deep customization options for advanced users. //Provides overview of all your workers with detailed monitoring of temperatures, resource usage, clocks and more. Also provides the ability to modify worker configurations remotely. //The ability to mine your POW coin of choice and swap to PoUW on the fly based on profitability, essentially optimizing mining profitability and allowing for all GPU miners to utilize the system while also mining their favorite coins. //The built-in Benchmark is complete with leaderboards to compare your configuration to others and optimize worker builds. //Buyers can buy a variety of services like GPU compute for #AI, rendering, headless gaming and more. //Various contracts are available for buyers providing them with great flexibility when buying compute services whether dedicated or on demand.

Loved the AMA on $Flux #PoUW yesterday. @HobbyistMiner did a great job hosting it. Highlights for me: 😍The leak that there will be a EU based Cypherpunk convention in 2024. 😍 A look at the Flux branded GPUs in the Flux store. 😍 The demo in Fluxcore. That GUI looks slick.

Spent 10 minutes today to deploy 3 instances of @foldingathome on the #Flux decentralized network. My little piece of #web3 doing good for the World by aiding research. And it cost me just 1.91 $Flux or about $0.76 to run it for a month. Want to try? fluxofficial.medium.com/host-n-win-dep…

Prob Nothing.....Just hanging out watching #PoUW do #AI and #Rendering..... you know, usual Wednesday shit! I can't wait to get this beta in the hands of the community. Flux is changing the game. Are you ready? #Flux $Flux #CloudComputing #FluxCore

@Oculus_Crypto Come visit us at $Flux. Decentralized infrastructure for #web3. You can host dockerized applications, WordPress sites or get personal cloud storage. We’ve also got a GPU marketplace coming with #POUW so people can rent GPU compute for #AI No Web3 without infrastructure..

GM ☕️ I need some altcoin inspiration NOW! What project should I research 👇