The Question

6 months ago, we asked for a comparative analysis on blockchain speed - how has Flow increased its speed in transaction per minute since? Compare Flow and other L1 blockchains in terms of speed: identify the monthly average for transactions per minute, and how that's improved or worsened since the beginning of 2022.

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• What types of events have raised or decreased the blockchain's performance over that time period?
• Are there bursts of transaction volume or interest on the chain? Compare Flow's speed to at least two other blockchains.

TPM,TPS and TPH

TPM of Different events :

Flow vs Giants

What TPS means in blockchain?

transactions per second

It stands for 'transactions per second'. It's a unit of measurement used to indicate the speed and scalability of a blockchain. If a blockchain allows a high number of TPS, this implies that its smart contracts and dapps will also be fast and efficient.

Flow

‍Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment.

What makes Flow unique

• Multi-role architecture: Flow's node architecture allows the network to scale to serve billions of users without sharding or reducing the decentralization of consensus.
• Resource-oriented programming: Smart contracts on Flow are written in Cadence, an easier and safer programming language for crypto assets and apps.
• Developer ergonomics: This network is designed to maximize developer productivity. Examples range from upgradeable smart contracts and built-in logging support to the Flow Emulator.
• Consumer onboarding: Flow was designed for mainstream consumers, with payment onramps catalyzing a safe and low-friction path from fiat to crypto.

the chart shows the TPM,TPS and TPH of Flow over time.

as can be seen, the TPM has experienced a jump from May 9 and reached its peak on July 27th. after that date, the TPM dropped and reached its normal rate .

Observations

• based on the charts, the most fastest events on Flow blockchain are TokenDeposited,TojenWithdrawn,Deposit,JoyrideMultiToken and Withdraw.
• in contrary, the most slowest are Burn,Nft Received , NFT revealed and stats created.
• in the last months, Fee Generated could have placed itself in the top 5.

the charts show TPM,TPS and TPH for FLOW,ALGORAND , ETHEREUM , Osmosis and Solana networks.

as shown, the 4 blockchains (except for Solana ) are almost close in terms of TPM.

while Algorand and Ethereum are a little faster in the beginning of the chart, but flow surpasses them in some days specialy from mid June 2022.

Conclusion

• Flow has experienced a good jump in transactions speed and could have surpassed Algorand,Osmosis and Ethereum in latest months.

• Solana is still the fastest blockchain.

• tokenDeposit and Withdraw are the fastest events on Flow.

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