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    Hadiseh
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    Flow vs Other L1s

    Q13. 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? Compare and contrast this type of activity vs other L1s like Solana and Ethereum

    A layer 1 (L1) network refers to a DLT (including blockchains) that serves as the base layer to store information that can represent: - assets such as tokens; - smart contracts which can form dApps; as well as. - any kind of information that requires the immutability of a DLT.

    It’s called a layer 1 because it’s the base layer that other things can be built on top of, such as smart contracts and dApps, and it does not depend on any lower-level DLT/blockchain network.

    Some prominent examples of layer 1 networks include:

    • Radix

    • Bitcoin

    • Ethereum

    What are L1s?

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    What Is Flow?

    Users on Flow

    Flow (FLOW) is a high-performance blockchain specifically for creating NFTs, massive crypto games, and apps. Unlike general-purpose blockchains such as Ethereum, Flow is built to efficiently scale for potentially billions of people interacting with NFTs like in-game items.

    Users on ETH

    The chart below shows the total retention vs unretention users on Flow.

    According to the result:

    • There were nearly 220K unretention unique users on Flow.

    • There were only about 2000 retention unique users on Flow.

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    The chart below shows the total retention vs unretention users on Ethereum.

    According to the result:

    • There were nearly 220K unretention unique users on Ethereum.

    • There were only about 2000 retention unique users on Ethereum.

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    Users on Solana

    The chart below shows the total retention vs unretention users on Solana.

    According to the result:

    • There were about 28.6M unretention unique users on Solana.

    • There were only nearly 2M retention unique users on Solana.

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    Sources

    • https://learn.radixdlt.com/article/what-are-layer-1-l1-and-layer-2-l2-networks#:~:text=A%20layer%201%20(L1)%20network,the%20immutability%20of%20a%20DLT

    • https://academy.shrimpy.io/post/what-is-flow-the-nft-gaming-blockchain-explained#:~:text=Flow%20(FLOW)%20is%20a%20high,NFTs%20like%20in%2Dgame%20items.

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