Flow vs L1s
In this analysis, You will read about the Number of transactions -Transaction success rates -Number of unique wallets to make a transaction -Number of wallets that used the chain every day since May 9th -Transaction fees on Flow, Solana, Ethereum, and Algorand.
I used the transactions table in each blockchain.
- Ethereum
- Polygon
- Algo
- Flow
Then calculated all asked parameters and joined each other to drew charts.
The below chart shows the total number of transactions in each network. As you can see, Solana had the most transactions among the four networks. Algo and Ethereum number of transactions are similar to each other. Flow is the last network among these networks.
The below chart shows the total daily unique users among four networks. Again Solana with daily 1M unique users is in the first place. The second is Ethereum with daily about 350K unique users. The only trends I have seen in this chart are in Flow and ALgo Newtorks. The total unique users in Flow increased from May 20th and in Algo increased from May 27th.
The below chart shows success rates among Algo, Solana, Ethereum, and Flow. It seems Algo's success rate is more stable than other networks. The flow Success rate is too unstable. For example, On May 29th, Only 17% of transactions were successful. Ethereum with more than 90% success rate is the second stable network among these networks. Solana's average success rate is about 50% all time.
These numbers are based on their native tokens. Ethereum Gains more fees in comparison to the other networks. it seems on May 12th, The fees approach 10x in comparison to the other days on Ethereum. Flow had the lowest amount of Fees.
The below chart shows the total number of unique users that used the chain every day.
- Algo: About 16K users used the Algo network every day since May 9th.
- Ethereum: Nearly 109K unique users used the Ethereum network Every Day.
- Solana: About 256K users used the Solana Network Every Day since May 9th.
- Flow: Around 235 unique users used the Flow Network Every Day since May 9th.
Written by Hess
where
discord_id: hess#0890
and
twitter_id: @hessaminanloo