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The pattern of unique wallets quantity on 3 blockchain including, Solana, Terra and Ethereum is drawn in this dashboard.
Introduction:
In blockchain technology, the term "scalable" blockchain refers to the increase in system throughput, which is measured by the number of transactions performed per second. With the growing popularity of cryptocurrencies in everyday life, it seems necessary to create different layers in the blockchain for better network security, logging, and more. In a decentralized ecosystem, layer 1 is the china block.
The competition of L1 blockchains is executed in this dashboard. The consider metric for this analyze is number of unique wallets that sent transaction. The major blockchains contains Solana, Terra and Ethereum are analyzed based on defined metric. The investigation are done from the first of February, 2022.
For more info about L1 blockchains, visit the following links:
The daily quantity of unique wallets that sent transaction on considered blockchains are shown in this chart. As shown in this chart, the Ethereum blockchian had the highest quantity of unique wallets in comparison with Terra and Solana. Solana blockchain stands on second place, respectively. The quantity of Terra blockchain is about 5 times smaller Solana blockchain in the proposed time frame.
The total quantity of transactions on considered blockchains in since Feb, 1 is demonstrated in this pie-chart. As shown in this illustration, from the all transactions Ethereum blockchain had 71% of transactions and Solana network had 26.1% of transactions. Only 2.86% of transactions belong to Terra ecosystem as a L1 blockchain. The exact numbers of transactions on these blockchains are shown on each slice of pie-chart.
Summary:
The performance of L1 blockchians is analyzed in this question. The summary of results is provided in these comments as:
1- The Ethereum blockchain has the largest quantity of unique wallets among considered blockchains.
2- Solana's trend has grown significantly compared to the first days of February.
3- The overall popularity and application of L1 blockchains has risen due to the high speed of transaction in compariosn to other blockchains.
