Streamflow Reports $280K September Revenue, Highest Monthly Payout
Streamflow, a pioneering token distribution platform on Solana, has reported impressive figures for September. The platform generated over $280,000 in protocol revenue, marking a significant increase from the previous month.
Streamflow, a secure and non-custodial platform, aligns token incentives throughout the entire token lifecycle. It has seen a substantial increase in staked $STREAM tokens, with over 57 million staked, representing 42.2% of the circulating supply.
The platform's revenue growth is evident in its protocol revenue, which reached $280,000 in September, up from $235,000 in August. Notably, over $62,800 of this revenue was used to buy back $STREAM tokens and distributed to active stakers. This is the highest monthly payout to date, with over $62,800 distributed directly to stakers through the Active Staking Rewards program.
Streamflow's products enable organizations to automate and customize token distribution across various operations. The platform's SDK allows developers to integrate its features into external applications. Currently, almost a third of protocol revenue is used for rewarding $STREAM stakers through this mechanism.
Streamflow's impressive September figures reflect the platform's growing success. With over $280,000 in protocol revenue and significant increases in staked tokens and rewards distributed, the platform continues to demonstrate its value in the token distribution landscape.
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