Introduction and methods

Flow blockchain is a fast, decentralised, developer-friendly PoS-based blockchain from NFT pioneer Dapper Labs that aims to provide high scalability to the next generation of Dapps without the use of complex scaling techniques such as fragmentation.

Flow applies the pipelining technique by separating the jobs of a validator node into four different roles: collection, consensus, execution and verification. For each role, a minimum participation deposit is required from each of the participating nodes. All these nodes work in parallel to perform their required actions. Each validating node still participates in the validation of each transaction, but does so only in one of the validation stages.

Over the past months, the volume and activity on Flow seems to be increased. But... it is a real competence for networks like Ethereum or Osmosis in terms of TPS or TPM? Let's see it in this analysis.

Methodology

In this dashboard, we are gonna analyze the transactions per minute of Flow since May 9th and the successful ones. As well, we will analyze the type of events that contribute to the increase or decrease of its performance.

Finally, we will compare the results wit two other major chains: Osmosis and Ethereum.

It is clear that the number of daily transactions on Flow fluctuates over time. It has a waves way when some days the number is higher and on the other days lower. However, it seems that the highest values are being more regular over the past days, so its when more transactions are occurring.

If we take at the TPM, we can see how the same occurred not only with global transactions but also with the succeeded ones.

In terms of events affecting the performance of the network, we can see that there are three main ones: Tokens deposited, tokens withdrawn and Fees deducted. Because of each type of transactions involved these types, the number and rates are the same for all of them and then, it contributes equally to the network.

It can be seen how for the rest of the events the succeeded transactions seems to be at 100% rate or nearly to that, so it seems that the major of the effect of the Flow blockchain activity is related to Tokens deposited and withdrawn and the fees deducted.

Finally, if we compare the speed of Flow (we have compared the transactions per minute) with other networks like Osmosis or Ethereum, we can see that there is a big difference between Osmosis and the rest. While Osmosis started TPM at around 100 TPM, the Ethereum and Flow networks stayed at around 700 TPM.

Moreover, comparing average monthly TPM on Flow against Ethereum, we can see how the amounts are so similar, but Flow average seems to be still below Ethereum on the major of the days.

Conclusions

In this dashboard we have studied the speed of Flow blockchain and compared with Osmosis and Ethereum. We have extracted that there is a correlation between the number of transactions and the TPM, having waiving oscilations. As well, tokens deposited, tokens withdrawn and fees deducted are the main type of events contributing to the Flow's performance.

Thus, the main insights extraced have been:

• It is clear that the number of daily transactions on Flow fluctuates over time. It has a waves way when some days the number is higher and on the other days lower. However, it seems that the highest values are being more regular over the past days, so its when more transactions are occurring.

• In terms of events affecting the performance of the network, we can see that there are three main ones: Tokens deposited, tokens withdrawn and Fees deducted. Because of each type of transactions involved these types, the number and rates are the same for all of them and then, it contributes equally to the network.

• Comparing the activity against other major chains, we can see how in terms of active users, Flow are currently similar to Ethereum, which is a good milestone for the project. As well, if we compare Flow users against Osmosis one it is a cler difference in favor to the first one.

• It seems that now, Flow is surpassing Ethereum transactions at some points.

• The most active users are on Flow, which have a big difference in compairson to the rest of the chains.

• There is a big difference between Osmosis and the rest. While Osmosis started TPM at around 100 TPM, the Ethereum and Flow networks stayed at around 700 TPM.

• Comparing average monthly TPM on Flow against Ethereum, we can see how the amounts are so similar, but Flow average seems to be still below Ethereum on the major of the days.

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Comparing the activity against other major chains, we can see how in terms of active users, Flow are currently similar to Ethereum, which is a good milestone for the project. As well, if we compare Flow users against Osmosis one it is a cler difference in favor to the first one.

Looking at the amount of transactions, something similar is occurring. In fact, it seems that now, Flow is surpassing Ethereum transactions at some points.

Finally, looking at the daily transactions per user, we can see that the most active users are on Flow, which have a big difference in compairson to the rest of the chains.

Flow specific analysis

Flow comparison against Ethereum and Osmosis