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Daily Average TPM

Since Jan 2021, FLOW is the faster blockchain compared to Avalanche, reporting higher Daily average TPM. On Aug 2021, Avalanche reports higher Average TPM up to May 12th, 2022.

Around the same time, Arbitrum, a layer 2 blockchain was launched. A layer 2 is supposedly an infrastructure that is meant to resolve blockchain trilemma to scale its Layer 1. Arbitrum is built to scale Ethereum.

On May 12th, FLOW blockchain reports the highest Daily Average TPM of the 3 blockchains.

The highest reported TPM by FLOW is 1,617.713 average TPM on Nov 25th. Avalanche only reports 747.191 average TPM on Marc 2nd 2022, and Arbitrum reports 611.414 average TPM on Nov 9th 2022.

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Daily Max TPM

The Daily Max TPM is important to visualizes the capacity of a blockchain to accommodate high volume transaction. Higher max TPM means it can support higher volume in a minute ie can process more transaction. This also can be used to measure the speed of a blockchain.

Based on the chart on the left, FLOW reports higher Max TPM per day more frequently than the other 2 blockchains. Flow also reports highest single Daily TPM at 7236 tpm on May 16th.

Arbitrum reports the highest Daily TPM on Sept 21st 2022 at 4164. Avalanche reports highest TPM on July 30th, 2021, at 3377 tpm.

Daily Min TPM

Daily Minimum TPM is important to visualizes the traffic of a blockchain during its less busy hours. A frequent high minimum daily TPM means the blockchain is much busier as it has to accommodate much higher transaction volume in a minute.

Initially, Flow Reports the highest minimum TPM up to Aug 28th 2021.

Since Aug 28th 2021, Avalanche reports highest minimum TPM up to May 18th 2022. It peaks at 493 TPM on April 13th, 2022.

But then, Flow reclaims higher minimum TPM. Avalanche daily minimum TPM was beaten by Arbitrum Sept 3rd, 2022.

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User Growth

Flow reports higher User Grwoth in Total compared to Arbitrum and Avalanche. On May 10th, there is a sudden surge of new users , causing FLOW`s cumulative new user growth exceeds Avalanche`s user growth.

Currently, the total users on FLOW is 8.95 M unique address, almost triple than that of Avalanche`s.

Arbitrum reports the lowest User Growth.

Transaction Success Rate (%)

In general, FLOW has the lowest success rate compared to the other two blockchains.

June 2nd, reports the lowest success rate at 21.3% for FLOW. Avalanche lowest txn success rate is only 61.24% and Arbitrum lowest txn success rate is 75.3%.

FLOW TPM

- FLOW`s average TPM reports at 287 tpm.

- FLOW average TPM reports for the past 14-Days at 626 tpm.

- Indications of increase of TPM recently.

- Highest TPM overall and highest TPM for the Past 14 days among the 3 reviewed blockchain.

Avalanche TPM

- Avalanche`s average TPM reports at 214 tpm.

- Avalanche`s average TPM reports for the past 14-Days at 89.7 tpm.

- Indications of decrease of TPM recently.

- 2nd Highest TPM overall

-Lowest TPM for the Past 14 days among the 3 reviewed blockchain.

Avalanche TPM

- Arbitrum`s average TPM reports at 210 tpm.

- Arbitrum`s average TPM reports for the past 14-Days at 436 tpm.

- Indications of increase of TPM recently.

- Lowest Overall TPM

-2nd highest TPM for the Past 14 days among the 3 reviewed blockchain.

FLOW reports 87.5% successful transaction and 12.5 % Failed transaction

Avalanche reports 86% successful transaction and 14 % Failed transaction

Arbitrum reports highest successful transaction rate at 97.3% and 2.67% failed transaction

- FLOW reports about 866 K txn per day on average, the highest of the 3 blockchains

- Avalanche reports about 124.1 K txn per day on Average, the lowest of the 3 blockchains

- Arbitrum reports about 603 K txn per day on Average

Avalanche reports 25.7 K transacting address per day, for the past 14-Days, the lowest of the 3 blockchains

FLOW reports 81.5 K transacting address per day, for the past 14-Days, the highest of the 3 blockchains

Arbitrum reports 57.5 K transacting address per day, for the past 14-Days

- FLOW Blockchain reports the highest overall TPM and for the Past 14-Days

- User Growth of FLOW blockchain receives a sudden surge on May 10th, 2022.

- Currently, there are 8.95 M unique user address on Flow, about triple that of Avalanche’s and quadruple that of Arbitrums.

- Among the 3 compared blockchains, FLOW has more frequent report of low rate of successful transaction.

- The lowest reported FLOW transaction rate is 21.9%

- For the past 14 days, FLOW reports the highest transacting address per day; 81.5K address/day

- For the past 14 Days, FLOW reports the highest average transaction per day, 866 K txn/day

- The overall successful transaction for flow is reported at 87.5 %

Conclusion

Flow reports as the fastest blockchain of the three with 287 tpm AND 626 tpm for the past 14-days. Not only that, there are more daily transacting address on average on FLOW and higher daily average transaction rate. On top of that, it reports 87.5% successful txn rate overall, higher than Avalanche and Arbitrums. However, based on previous record, FLOW has more transaction failure rate than the other two chains.

Introduction

This analytics will study the speed of FLOW blockchain in comparison to 2 other blockchain; Avalanche and Arbitrum. Avalanche is chosen as it is marketed as the fastest EVM, and Arbitrum is chosen as it is a Layer 2, which is supposed to scale Ethereum`s transactions.

Moreover these blockchains are listed as the fastest blockchain.

The topics covered are :

i) Comparison of TPM by Blockchain

ii) Comparison of Daily TPM across the 3 blockchain

iii) User Growth Transaction Success Rate

iv) Transaction Data , Past 14 Days

v) Takeaway

Monthly Average TPM

Beginning Sept 21st, Avalanche began to overtake FLOW as the fastest blockchain. however, on Apr 2022, FLOW reclaims as the fastest blockchain in terms of TPM.

FLOW has reported the highest TPM at 910 TPM on Nov 2022.