Try Quests to earn NEARNEAR Performance
Q5. How does NEAR stock up to other L1s in terms of speed and performance? How fast is NEAR, and compare it with other blockchain speeds in terms of transactions per minute and percentage of transactions that fail.
Method:
In this dashboard, I analyzed the following list for 6 different networks (mostly L1s)
- The daily average number of successful transactions per minute
- The daily average number of failed transactions per minute
- The daily average success rate
- The total average number of successful transactions per minute
- The total average number of failed transactions per minute
- The total average success rate
- The total average failed rate
*Networks: NEAR, Ethereum, BSC, Avalanche, Osmosis, and Polygon
*Period: Past 60 days
Daily
The following graphs show the daily average number of successful transactions per minute, the daily average number of failed transactions per minute, and The daily average success rate for 6 different networks in the past 60 days
As you can see between all the networks, Ethereum has the highest daily Success rate and Osmosis has the lowest daily Success rate.
But in the total number of successful transactions, Polygon is in the first place.
Total
The following tables show The total average number of successful transactions per minute, The total average number of failed transactions per minute, The total average success rate, and The total average failure rate for 6 different networks in the past 60 days
Conclusion
- Most successful transactions per minute: Polygon
- Most failed transactions per minute: Polygon
- Highest success rate: Ethereum
- Highest failure rate: Osmosis
NEAR Performance
- 3rd in successful transactions per minute
- 3rd in failed transactions per minute
- 5th in success rate
- 2nd in failure rate