Analysis

It appears that there is a relationship between the transaction failure rate on Flow and the level of usage on the platform. When usage is high, the transaction failure rate tends to increase significantly. This suggests that the platform may not be able to handle a high volume of transactions, leading to a higher failure rate. It may be necessary for the developers of Flow to improve the platform's ability to handle large amounts of traffic in order to reduce the transaction failure rate during times of high usage. Additionally, monitoring the transaction failure rate and usage levels on the platform can help identify potential issues and allow for proactive measures to be taken to prevent high failure rates in the future.

Flow Transaction Activity

Terra Transaction Activity

Analysis

Based on these observations, it appears that the Terra platform has a relatively low transaction rate, with an average of less than one transaction per terra block. Additionally, the largest terra block has had a significantly higher number of transactions than the average block, indicating that there may be periods of higher usage on the platform. It may be necessary for the developers of Terra to improve the platform's ability to handle a higher volume of transactions in order to accommodate potential spikes in usage and prevent transaction failures. Monitoring the transaction rate and identifying patterns of usage can help identify potential issues and allow for proactive measures to be taken to ensure the smooth operation of the platform.

Ethereum Transaction Activity

What is Flow

Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering.

What is TPM?

Transactions per minute (TPM) is a measure of the number of transactions that a cryptocurrency network can process on a given minute. It is an important indicator of the scalability of a cryptocurrency network, as it measures how many transactions can be processed in a given amount of time. It is important for the network to be able to process a large number of transactions per minute, as this is necessary for high-volume trading and usage.

Introduction

In this analysis, we will be comparing the speed of Flow and other L1 blockchains in terms of their average monthly transactions per minute (TPM). We will be examining how the speed of Flow has changed since the beginning of 2022 and comparing it to the performance of the 3 blockchains Terra, Solana, and Ethereum. We will also be looking at events that may have impacted the performance of these blockchains over the past six months, as well as any bursts of transaction volume or interest on these chains.

Analysis

Based on these observations, it appears that the Ethereum platform has been experiencing growth in both the average number of users and the average transaction per minute (TPM). October 2022 was the month with the highest level of activity on the platform, with a high TPM and a large number of active users. Since October 2022, the TPM on Ethereum has remained high, averaging over 1400 TPM most days. This suggests that the Ethereum platform is experiencing continued growth and increasing usage. It may be necessary for the developers of Ethereum to continue improving the platform's scalability in order to accommodate the increasing number of users and transactions. Monitoring the TPM and number of active users can help identify potential issues and allow for proactive measures to be taken to ensure the smooth operation of the platform.

Solana Transaction Activity

Analysis

Based on these observations, it appears that the Solana platform has experienced a significant drop in the number of users since May 2022. Despite this, the rate of successful transactions on Solana has increased, with transactions succeeding at 150% the rate they did in May. Additionally, the number of transactions per day on Solana has been consistently increasing. This suggests that the decrease in the number of users on the platform has not had a negative impact on the number of transactions being processed. It may be necessary for the developers of Solana to continue improving the platform's scalability and reliability in order to accommodate the increasing number of transactions and ensure the smooth operation of the platform. Monitoring the number of users and transactions on the platform can help identify potential issues and allow for proactive measures to be taken to maintain the high rate of successful transactions.

Conclusion

In conclusion, the performance and usage of several blockchain platforms have been analyzed. The Flow platform has a high transaction failure rate during times of high usage, indicating that it may not be able to handle a large volume of transactions. The Terra platform has a relatively low transaction rate, but may need to improve its ability to handle spikes in usage. The Ethereum platform is experiencing growth in both the number of users and TPM, and the Solana platform has experienced a decrease in users but an increase in the rate of successful transactions. It is important for the developers of these platforms to continue improving their scalability and reliability in order to accommodate increasing usage and ensure the smooth operation of their respective platforms.