Introduction

The first L1 stablished network was Ethereum. However, it has received a lot of competeness during the past 2 years. Some of the important competitors were Solana, Algorand, Terra, etc. However, the NFT boom over the past year let to appear other competitors more centered on this sector. One important blockhain has been Flow so far.

Flow blockchain is a fast, decentralised, developer-friendly PoS-based blockchain from NFT pioneer Dapper Labs that aims to provide high scalability to the next generation of Dapps without the use of complex scaling techniques such as fragmentation.

Results during the past month on Flow in comparison to Algorand and Osmosis

During the past month, a total of 296k users joined Flow network. Among them, 63.6k rejoined the network during this past month, representing a 21.5% of user retention.

Algorand has received more than 600k users with a 15% of retention, while Osmosis had 137k active users with 87k of them rejoining at some point, representing more than 63% of retention!

Key insights

• Ethereum is the chain with the highest MAU over time, followed by Solana. Flow is in the mid standing with Algorand and Osmosis.

• During the past month, a total of 296k users joined Flow network. Among them, 63.6k rejoined the network during this past month, representing a 21.5% of user retention.

• Algorand has received more than 600k users with a 15% of retention, while Osmosis had 137k active users with 87k of them rejoining at some point, representing more than 63% of retention!

• The best user retention is in Osmosis with around 64% of monthly user retention. Flow is the second one with around 38% and Algorand has the poorer number with around 24.6%.

• In terms of monthly NFT user retention, during the past week of December, a total of 42k users joined Flow, 15k Algorand and 239 Terra. Among these users, 14.4k rejoined Flow during this current monthly, 2.6k rejoined on Algorand while 44 rejoined on Terra. Then, it is clear that the best user retention is in Flow with around 34% of monthly user retention. Terra is the second one with around 18% and Algorand has the poorer number with around 17%.

• In terms of weekly NFT user retention, during the past week of December, a total of 9.5k users joined Flow, 2.1k Algorand and 48 Terra. Among these users, 6k rejoined Flow during this current week, 920 rejoined on Algorand while 9 rejoined on Terra. Then, it is clear that the best user retention is in Flow with around 62% of weekly user retention. Algorand is the second one with around 42% and Terra has the poorer number with around 18.5%.

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In terms of weekly retention, during the past week of December, a total of 2.2k users joined Flow, 138k Algorand and 71k Osmosis.

Among these users, 849 rejoined Flow during this current week, 34k rejoined on Algorand while 46kk rejoind on Osmosis.

Then, it is clear that the best user retention is in Osmosis with around 64% of weekly user retention. Flow is the second one with around 38% and Algorand has the poorer number with around 24.6%.

Methodology

In this dashboard we are gonna analyze the user retention on Flow. As well, in order to assess its performance and to have an overview about its activity, we will compare it against other L1 networks. For this analysis, we will use Algorand and Osmosis networks.

The analysis have 2 main approaches.

• The first one to assess the retention of Flow during the past month and about the user retention on Flow over the past week in comparison to Osmosis and Algorand.
• The second one to assess the specific retention on NFTs.

Comparing the last week retention between Flow and other L1 competitors: Algorand and Osmosis

Monthly active users (MAU) on Flow in comparison to other L1 chains

In these first charts it can be seen a comparison of MAU and monthly transactions over the past months on the different L1 chains. It has been included: Ethereum, Solana, Terra, Osmosis, Algorand and has been compared against Flow.

The main results show that Ethereum is the chain with the highest MAU over time, followed by Solana. Flow is in the mid standing with Algorand and Osmosis.

Because of Flow has similar numbers than Algorand and Osmosis, we are gonna compare the user retention over these three chains.

User retention across L1 chain

NFT user retention accross L1 chains

Results during the past month on Flow in comparison to Algorand and Terra

During the past month, a total of almost 42k users joined Flow network. Among them, 14.4k rejoined the network during this past month, representing a 34.6% of user retention.

Algorand has received more than 15.12k users with a 17.7% of retention, while Terra had 239 active users with 44 of them rejoining at some point, representing more than 18% of retention.

Comparing the last week retention between Flow and other L1 competitors: Algorand and Terra

In terms of monthly retention, during the past week of December, a total of 42k users joined Flow, 15k Algorand and 239 Terra.

Among these users, 14.4k rejoined Flow during this current monthly, 2.6k rejoined on Algorand while 44 rejoined on Terra.

Then, it is clear that the best user retention is in Flow with around 34% of monthly user retention. Terra is the second one with around 18% and Algorand has the poorer number with around 17%.

In terms of weekly retention, during the past week of December, a total of 9.5k users joined Flow, 2.1k Algorand and 48 Terra.

Among these users, 6k rejoined Flow during this current week, 920 rejoined on Algorand while 9 rejoined on Terra.

Then, it is clear that the best user retention is in Flow with around 62% of weekly user retention. Algorand is the second one with around 42% and Terra has the poorer number with around 18.5%.