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What Will You Read?

In This Analysis, You Will Read about Retention on Flow Vs other L1s.

We want to know 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?

What is Flow?

What is Flow? Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them.

**Analyzed By Hess - Reading Time almost 8 Min \n **

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Method

I used the transactions table on Ethereum, Solana, and Flow. Then with Min Function, I found the first transactions of each User. I extracted the new transactions date of each user, and After that, I used datediff to calculate the first user’s transactions date with the new ones.

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Flow Retention

• Nearly 0.6M had at least one transaction since May 2022.
• About half of users had new transactions after 2-7 days.
• 59% of users had transactions within a week from their first transaction.
• Only 5% of users made another transaction after a month. 40K of Flow users from 0.6M users since May 2022, Had another transaction within a month.
• The lowest percentage is 0.8%. Only 5K of users had another transaction after 70 days.

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Ethereum Users

• About 3.4M unique users have made at least one transaction since May 2022.

• 44% of Ethereum users made another transaction after a week. It means 44% of 3.4M, which is 1.5M came back to Ethereum in a week.

• The lowest percentage is 7%. 242K of users came back to Ethereum for another transaction after 70 days.

• in average, 20% of users came back for another transaction after a month.

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Solana Retention

• Nearly 4.6M unique users made at least one transaction since May 2022.
• 2.4M of users which is 53% of total users came back for another transaction after a week.
• The lowest percentage is 5.7%. 267K of 4.6M came back after 70 days.
• 36% of users came back after a month on Solana.

Number of Unique Users All Time (Ethereum, Solana and Flow)

Conclusion

• After a Week:

  1. Ethereum: The retention in the weekly chart is around 20-25%.

  2. Solana: Solana had a better position. 25-30% of users came back to Solana.

  3. Flow: Flow retention is very high at the beginning of May. Nearly 60% of users made another transaction within a week.

     After A month:

     1. Ethereum: Retention percentage is around 25-30%.
     2. Solana: Solana, with 25-35% of retention, is in second place

     c. Flow: About 60% of users had another transaction after a week.

Thank You For Reading!

ALL CODES AND CONTENTS PROVIDED BY Hess

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