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What is the average time between blocks on Polygon? What was the maximum and minimum recorded time between two blocks? How many transactions are done in a block on average? How do these numbers compare to L1 such as Flow or Solana, or other L2 such as Arbitrum or Optimism?
Introduction
The Polygon network is a set of protocols designed to solve Ethereum's scalability problems. The Polygon network solves network challenges by managing transactions on a separate Ethereum-compatible blockchain. This approach reduces the load on the Ethereum network. By doing this, Polygon increases the speed of transactions and reduces the transaction fee to less than one cent. Formerly known as the Matic Network, Polygon provides an easy framework for new and existing blockchain projects to build on Ethereum without scaling issues.
The performance of blockchain networks is generally measured as the average time it takes for a transaction to be validated and stored on each peer node, so that it cannot be reversed or invalidated.
Analysis
In this dashboard, we measure Polygon's performance in terms of the efficiency of its blocks using the data provided by Flipside. For this purpose, we measure the average duration of creating blocks and the minimum/maximum time required. We also specify the number of transactions that are recorded on each block. And also, we compare Polygon with Flow and Solana, as well as Arbitrom and Optimism from the perspective of block performance.
The average time between the creation of two blocks in seconds is shown in the graph on the right. According to the graph, it takes an average of 2.46 seconds to create blocks in the Polygon blockchain, so that the same thing takes 1.47 seconds in Flow, 1.1 seconds in Arbiterum, 0.87 seconds in Optimism, and in Solana, it takes 0.67 seconds. As a result, Solana has the least time needed to create blocks.
The minimum time required to create blocks in Polygon is 2 seconds, and in other blockchains, the minimum time is 0. Here, given that the available data were limited, the results may not be reliable. For example, the data available in Velocity was available for Polygon from June 6, 2022, as well as for Optimism and Arbitrum blockchains from June 15 and 22, respectively.
The maximum duration of block registration is an important variable that can be used to measure the efficiency of block performance. As you can see, Flow blockchain recorded the worst time to create a block with 52700 seconds. After that, Arbitrum is not in a good condition and its maximum time was 23400 seconds. Also, even though Solana is a famous blockchain and has relatively good performance, it has recorded a maximum time of 16000 seconds. But in this case Polygon and Optimism show good results, so that the maximum time to create a block in Optimism is 58 seconds and for Polygon 25 seconds.
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