Pros of SOL

Q78. Why should developers build on Solana compared to other L1 chains? What features for developers does Solana offer that make it appealing? Compare Solana in terms of transaction speed/throughput, user growth and activity, cost/fees per user, growth in defi and growth in nfts to at least two other chains. How are popular projects on Solana able to scale compared to top projects on other chains (for example a gaming app like StepN or a popular dex like Orca). How do you envision user growth of apps on Solana over time? What types of products seem to be positioned particularly well on Solana?

Introduction:

The performance of Solana blockchain and two blockchains named Algorand and Ethereum are compared to each other from these aspects:

Weekly number of new users on each ecosystem
Grow rate of new users
Analyze DEXs on ecosystems (Orca, Uniswap and Tinyman)
Analyze since start of 2022.

The weekly number of new users and grow rate for each ecosystem are shown in the charts.

Based on this figure and as its expected, the Ethereum blockchain has the largest number of newcomers but performance of Solana could not be ignored.

Based on the second chart, the Solana blockchain has satisfactory performance among blockchains and reachs the Ethereum blockchain from number of newcomers in 2022.

The analysis related to DEXs on ecosystems is provided in the two charts.

Based on the first chart, the outrange performance of Orca from unique swappers aspect has questioned the performance of others.

The grow rate of Orca since Mar 11, 2022, shows the attendance of users on this DEX and its one of the advantages of Solana in comparison with Algorand and Ethereum.

Summary:

From the findings of this bounty, the Solana ecosystem is more suitable for DEX swappers and products related to them positioned particularly well on Solana.

flipside

flipside

Pros of SOL

Introduction: