Methodology

• Look at various transaction tables for each blockchain and find the required metrics.
• Note: All blockchains except algorand have success metrics

Number of Transactions

• Solana by far has the most number of transactions amongst all the chains.
• Example on May 21, Solana had 36M transactions vs flow saw about 600k and Algo and Ethereum saw only about 1M each.

Number of Daily Unique Wallets

• Solana is matching up to ethereum on daily unique wallets, which is very surprising, given Solana is so new.
• Solana and Ethereum on daily basis both have around 375K wallets, however recently Solana has crossed Ethereum with 430K wallets.

Transaction Fee

• Ethereum dominates in the Transaction Fee, therefore we have to look at the chart in Log scale to compare values.

• Ethereum on a daily basis does around 4-5M $USD generated fee, compared to Algo and Solana the fees are very miniscule with 65K for Solana and only 600$ for Algo.

Note:

• Since not all tokens have daily prices, therefore to standardize we take the current price of each token and multiply the fee.
• Flow currently has no Tx Fee and Fee is 0

Transaction success rate

• Ethereum has the best success rate amongst all the L1s.
• It has consistently had a success rate > 90%
• Solana has the highest transaction failure rate with ~ 40% transactions failing daily.

How does Flow compare to these other chains and how do you think it will trend over time?

• There is not enough data to conclusively say how flow will perform over time.
• However, number of transactions and the number of wallets seem to suggest Flow will do well over time, if they can resolve the transaction failure rate.