Introduction

Near is a public, sharded, extensible blockchain network based on the proof-of-stake (POS) paradigm. Developers can use this platform to launch their own decentralized applications (similar to the Ethereum network). The token of this network is called NEAR, which is the functional token of this network.

Questions

1. How does NEAR stock up to other L1s in terms of speed and performance?
2. How fast is NEAR, and compare it with other blockchain speeds in terms of transactions per minute and percentage of transactions that fail? \n

Method

• I chose BNB chain, FLOW and Ethereum to compare them to NEAR

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• the start date of daily analyzes is 2022-06-15

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• For calculating transactions per minute (TPM) for all chains, I used blocks table and TX_COUNT column. If we add all the number in this column for a day together and divide it by 1440 the result will be TPM number

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• for failed TX rate, I calculated the failed TX number and then i divided it by the total number of TX. I used

  transactions table for all the chains

• I calculate the daily unique user and daily number of TX with transactions table for all chains

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Information:

• here we presented daily Failed TX rate and Total one

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• Near Compare to other chains that is here has very high and highest Failed TX rate which is 13.306 percent

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• in daily also we have high failed TX rate and this number even does not decrease by time

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• Ethereum has the lowest Failed TX rate

Transactions per minute

Failed TX Rate

Daily additional stats

Conclusion

1. Near compare to other chains in this analyze has not that high number for TPM but the TPM of NEAR is steady and have not much volatility
2. the failed TX rate for NEAR is very high and noticeable
3. the daily unique and TX number does not change that much and had no trend

Overview

here, we aim to provide this analyzes:

• compare transactions per minute of Near with other L1 chains
• compare Daily and Total Failed TX rate of Near with other L1 chains
• compare daily user and transaction number of Near with other L1 chains

Thanks For your time

Discord: Abbas_ra21

Information:

• in overall, Ethereum and Flow have the highest TPM

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• BNB chain has the lowest one

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• although Near is not the highest but the TPM number for it is very steady and that shows us the network of near has a good condition

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• the TPM for NEAR is in range between 200 and 300

Information:

• Ethereum has the highest daily unique user and TX number
• Near Daily TX number and unique user is almost steady and does not increase or decrease