Flow vs Other L1s

Flow Bounties

Question

How does Flow compare to other L1s in terms of user retention? Is a user who made a transaction previously likely to make another transaction a week or a month later? Compare and contrast this type of activity vs other L1s like Solana and Ethereum

Data Analysis

May 9, 2022 to May 15, 2022

The total number of wallets that recorded their first transaction on the Flow chain between May 9 and May 15 is:

Similarly, the number of wallets that recorded their first transaction in the same time period on the Ethereum or Solana chain are:

May 16, 2022 to May 22, 2022

Now we want to see if the wallets that recorded their first transaction in '2022-05-09' to '2022-05-15' time frame had a transaction in the first week after that time frame?

In the first week after the first transaction of wallets, out of 50,745 wallets, 21,106 wallets had no transactions and 29,639 wallets recorded another transaction.
Of the wallets that had transactions, about 58% recorded between 1 and 10 transactions.
839 addresses also recorded more than 100 transactions.

The chart below shows the number of Ethereum users who still had a transaction in the Ethereum chain a week later.

In the first week after the first transaction of wallets, out of 1,836,912 wallets, 1,371,989‬ wallets had no transactions and 464,923 wallets recorded another transaction.
Of the wallets that had transactions, about 50% recorded between 1 and 10 transactions.
2,736 addresses also recorded more than 100 transactions.

The chart below shows the number of Solana users who still had a transaction in the Solana chain a week later.

In the first week after the first transaction of wallets, out of 3,924,168 wallets, 3,170,641‬ wallets had no transactions and 753,527 wallets recorded another transaction.
Of the wallets that had transactions, about 59% recorded between 1 and 10 transactions.
9,253 addresses also recorded more than 100 transactions.

After June 15

Now we want to see if the wallets that recorded their first transaction in the period '2022-05-09' to '2022-05-15' also had transactions after one month?

After a month, out of 50,745 wallets, 35,473 wallets had no transactions and 15,272 wallets recorded another transaction.
Of the wallets that had transactions, about 55% recorded just 1 transaction.
136 addresses also recorded more than 100 transactions.

The chart below shows the number of Ethereum users who still had a transaction in the Ethereum chain a month later.

After a month, out of 1,836,912 wallets, 1,481,197‬‬ wallets had no transactions and 355,715 wallets recorded another transaction.
Of the wallets that had transactions, about 49% recorded between 1 and 10 transactions.
2,243 addresses also recorded more than 100 transactions.

The chart below shows the number of Solana users who still had a transaction in the Solana chain a month later.

After a month, out of 3,924,168 wallets, 3,398,932‬ wallets had no transactions and 525,233 wallets recorded another transaction.
Of the wallets that had transactions, about 50.5% recorded between 1 and 10 transactions.
5,031 addresses also recorded more than 100 transactions.

Result

Percentage of active users:

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