Try Quests to earn SOLFlow vs Other L1s
In this Analysis, You will read about Flow Vs other L1s.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
Flow is a new blockchain built for the next generation of apps, games, and the digital assets that power them.
I examine the user's behavior for 10 days.
- First, I found users that have transactions between 2022-05-20 and 2022-05-30
- For retention, I examined that those users have transactions in the next ten days. So those users that have transactions again between 2022-06-01 and 2022-06-10, I counted as retention.
I repeated my method for Ethereum and Solana.
Of 231K users that had transactions between 2022-05-20 and 2022-05-30, Only 0.6% of those had transactions again.
Nearly 1.5K users come back for a new transaction on Flow between 2022-06-01 and 2022-06-10.
From 11M users that had transactions between 2022-05-20 and 2022-05-30 on Solana, about 9.08% of those had transactions again.
Nearly 1.1M users come back for a new transaction on Solana between 2022-06-01 and 2022-06-10.
From 2.4M users that had transactions between 2022-05-20 and 2022-05-30 on Ethereum, about 19.1% of those had transactions again.
Nearly 587K users come back for a new transaction on Ethereum between 2022-06-01 and 2022-06-10.
The below chart shows the percentage of retention on each blockchain.
Ethereum has the highest retention in comparison to Flow and Solana. About 19% of Ethereum users came back for a new transaction. The second one is Solana that where 9% of users came back for a new transaction. Flow has the lowest retention in comparison to Ethereum and Solana. Only 0.6% of users came back for a new transaction.
Written by Hess
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