UPDATE: FLOW NETWORK IS LIVE - PHASE 1 OPERATIONAL
The Flow network has successfully transitioned to Phase 1 operational status at 6am PT.
CURRENT STATUS: PHASE 1 ACTIVE
✅ Cadence environment: Operational
✅ Network producing blocks and processing transactions
✅ Over 99.9% of accounts: Full functionality restored
🔄 EVM environment: Temporarily restricted (read-only mode)
🔄 Suspected impacted accounts: Temporarily restricted pending remediation
WHAT THIS MEANS
Users can now resume normal activity on the Cadence environment. The network is stable, secure, and processing transactions as expected.
The EVM environment remains in read-only mode during the remediation process and will be restored in Phase 3 following Cadence cleanup verification.
ACKNOWLEDGMENTS
This restoration was made possible through extraordinary collaboration across the Flow ecosystem. The Foundation extends its gratitude to:
→ Node operators and validators for their swift consensus and deployment coordination
→ Bridge operators for their technical consultation and patient coordination during the review process
→ Exchanges for their infrastructure alignment and partnership throughout remediation planning
→ DEXs and ecosystem partners for their feedback that shaped this approach
The unified response from the Flow community has been exceptional. This collaborative effort demonstrates the strength and resilience of decentralized infrastructure when ecosystem participants work together toward a common goal.
NEXT STEPS
→ Phase 2: Cadence remediation ongoing (24-48 hours)
→ Phase 3: EVM restoration following Cadence verification
→ Phase 4: Bridge/exchange resumption at operator discretion
→ Next status update: Within 24 hours on Phase 2 progress
The list of suspected incident impacted wallets is contained in the Flow Network Recovery: Technical Implementation Plan ⤵️
https://t.co/yqh4FJr9BC
we fucked up.
we built apps with the world’s most-loved brands. protocols with millions of users onboarded and billions in volume.
but our mistake was simple: not enough of the value flowed to the believers who made it possible.
we’re fixing that now.
not only have we started updating the economics of our core products, we are also building a new slate of products and protocols with value creation at their core.
the moment we need is finally here. $300 billion in stablecoins. $30 billion in tokenized real-world assets. trillions more on the way.
the infrastructure and liquidity exist. what doesn't are the right products.
defi today is hostile. it demands technical mastery just to survive: slippage, mev, liquidation cascades. the list goes on.
every interface is built by experts, for experts. everyone else is forced to stay on the sidelines.
that's the gap we're filling.
we've proven we can bring the benefits of crypto to mainstream users without asking them to become technical experts first.
we've proven we make complex technology feel simple. now we’re applying it to the biggest market: money.
@dapperlabs and @Flow_Blockchain are democratizing consumer defi.
today, three big moves:
first is a new open-source protocol being developed by Flow Foundation:
Flow Credit Markets (FCM), a lending protocol that protects you instead of punishing you.
traditional defi lending is punishing: it waits until you're underwater, then liquidates you and charges a penalty.
FCM is active. it uses the native onchain automation on Flow to monitor every position continuously and rebalance automatically before the position is at risk of liquidation.
so far backtesting against every major crash since 2020 see 100% survival rate and 99.9% cost reduction versus lending protocols on other networks.
second is a product built on top of the foundation of FCM.
peak money: the finance app for a generation that has stopped believing in banks.
our generation watched the traditional path to wealth become mathematically out of reach. so we stopped playing by the old rules. turned investing into culture. bet on elections like sports, traded athletes like stocks, turned every opinion into a market.
peak money is built to level the playing field. to give everyone access to the same opportunities available to crypto experts and soon, with the tokenization of the entire global finance markets, those used by hedge funds and billionaires too.
banks make money from you. peak makes money for you.
the product starts simple: deposit cash or crypto. earn more than any bank will pay you. earn and spend without selling. no minimums. no gatekeepers. no seed phrases. no liquidation fear.
watch this space: @peakmoney_
last but not least: $FLOW tokenomics.
liquidity moves freely between chains. the apps people use every day don't. we believe the most valuable cryptocurrency will be the native token of the network powering products people can't live without.
for that to happen, the native token must align the people who build with the people who believe.
for years, Flow subsidized growth with near-zero fees. that made sense when the priority was experimentation. now the priority is economic alignment.
dapper labs supports FLIP-351 proposed by Flow Foundation, updating transaction fees on Flow to dramatically reduce token inflation and ultimately become deflationary at just 250 tps - all while remaining the lowest-cost network compared to its peers
every transaction burns tokens. network activity creates scarcity. scarcity compounds value. believers benefit.
infrastructure + application + economics. aligned at last.
Flow is headed to @ETHGlobal New Delhi and bringing $10k in hackathon prizes!
Builders have chosen Flow above any other network all year long, and this hackathon should be no different.
From the hackathon to the side events, here's where you can catch the Flow team this week ⤵️
👥 The conversations start today.
On Top Shot, you can now directly chat with friends, right where the action happens.
💬 Plan your moves
🤝 Discuss trades
🏀 Make friends
Now available for all on web 🤩
QT with your username for a chance at a free pack from this week's drop.
1 in 4 builders at @ETHGlobal NYC chose Flow, making Flow the most built-on platform at the hackathon 🗽
Flow has continued to be the #1 choice for builders at hackathons in 2025.
Check out the newest apps built on Flow👇
🏈 The All-New NFL ALL DAY
This season, our priorities are clear:
1️⃣ Make NFL ALL DAY the best collectible experience in the world.
2️⃣ Make it the place to connect and compete with fans.
3️⃣ Make every play, pull, and purchase more exciting than ever before.
Here’s how we’re bringing that vision to life ⤵️
https://t.co/wLeXoKkjVX