Algorand Free Square | TPS and Block "Fullness"

    Algorand TPS

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    Transactions Per Second

    How many Transactions per second does Algorand chrun?

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    We see ~ 10-18 Transactions per second when aggregated per hour for Algorand, this is comparable to Ethereums 10-12 Transactions per second. In this metric, we can see that Polygon is leading the way with ~25-40 Transactions a second. Note that all of the above we are looking at both successful + failed transactions for the rest of the chains. As far as I can tell there's no concept of a failed transaction on Algorand.

    What we see in the above chart, if we disregard the few networks that are not fully backfilled, is that there are seemingly synchronised spikes at 11 AM every day for Algorand which is slightly odd. It's like there's a bunch of transactions that go through every day at that time. This kind of periodicity is not seen on other chains and it might be interesting to investigate further.

    Transactions per block

    How "full" of transactions is a block on Algorand?

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    We can see here the same periodicity for Algorand, every day at 11 AM there's a spike in transactions per block. As mentioned earlier it could be that someone is committing a lot of transactions at that certain time of the day.

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    When looking at the average transactions per block, we can see that Ethereum is 3.8x more "full" of transactions per block than Algorand is, but this could be due to different average time between blocks as well.

    Summary

    We've discovered that Algorands TPS is comparable to that of Ethereum, but that the average transaction count per block is ~ 3.8x lower than that of Ethereum and we speculated that this could be due to block time finality differences. I.e. that Algorand completes each block in less time than Ethereum or Polygon.