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    Flow-13.Flow vs Other L1s

    Q13. 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

    Methodology

    • Calculate the difference between current transaction and the previous transaction for each user.
    • Plot the number of users which have the difference between current transaction and the previous transaction for each user <= 7 days, these are the weekly active users.
    • We are only looking at weekly active number of wallets, since there are a lot of
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    Flow vs Solana vs Ethereum - Weekly

    • Flow is nowhere near Solana or Ethereum in terms of weekly user retention as compared to Solana and Ethereum.
      • The highest user retention for Flow was about 162K users on June 10, 2022, that were active in the past 1 week as well.
      • The highest user retention for Solana was about 396K users on May 26, 2022, that were active in the past 1 week as well.
      • The highest user retention for Ethereum was about 218K users on June 10, 2022, that were active in the past 1 week as well.
    • Solana has the highest user retention of all L1s, it is very surprising given it is much newer than Ethereum
    • Wide variety of dApps and low transaction fee might be the reason for higher user retention on Solana vs Ethereum.