Flow Tokenomics

Technical Overview
Last updated: Nov. 16, 2023

Introduction to FLOW Token

Flow is a proof of stake layer 1 blockchain and the FLOW token (symbol: FLOW) is the native token of the chain. The token serves as a means of rewarding the staked participants of the network, as a medium of exchange within the Flow ecosystem, and to cover the transaction fee and storage fees within the network. See Flow Primer for more information on how the Flow network works, and FLOW Token page↗ for an overview of Flow’s native token, FLOW.

FLOW Utility

FLOW token serves multiple critical functions on the Flow network.

Currently, FLOW is used for the following functions on the Flow network:

  1. Staking: Token required for validators and delegators to participate in the network. See section on Staking Requirements
  1. Rewards: tokens used to reward validators and delegators for their service to the network. See section on Rewards
  1. Fees: token used for transaction fees. All transactions such as deployment of new smart contracts, creation of user accounts, token transfer, and NFT exchange require the payer to pay transaction fees in FLOW. See section on Transaction Fees
  1. Storage deposits: Token required as a minimum balance to reserve on-chain storage. See section on Storage Fees
  1. Medium of Exchange: One of the tokens that enable users to participate in (and transact with) experiences built on Flow
  1. Collateral: Token used as a collateral on DeFi apps (such as Increment.fi)
  2. Governance: Principal token for voting on future protocol and ecosystem development

FLOW Token Supply

The Genesis Block

Total Supply Now

Circulating Supply

Network Usage


Storage Fees

Transaction Fees

Node Economics

For an overview on Flow Nodes, Node roles and their functioning, see Node Operations↗.

Staking Requirements





Important Links

Flow Primer: why we created Flow – and what makes it different

Technical Papers: deep dive into the unique Flow architecture