FLOW Speed (redux)

Flow is fast, but how fast?

What is Flow?

Flow is a blockchain network designed to enable transactions that are fast and cheap. The flow blockchain is a competitor to ethereum, another blockchain platform that supports a native currency plus an ecosystem of blockchain-based projects.

Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering.

Flow also has a native cryptocurrency that trades under the symbol FLOW.

If you are considering investing in FLOW, it’s essential to understand how flow works and compares to the leading blockchains. Here’s a closer look at flow, both the cryptocurrency and blockchain platform.

How fast is flow blockchain?

Its prototype achieved a throughput of 1,000 transactions per second (TPS), and their next target is 10,000 TPS capability. Ethereum still runs on the proof of work (PoW) consensus protocol, in which miners jostle to create new blocks on the blockchain by being the first to solve complex mathematical problems.

Transaction Times

Flow claims that by dividing up the work done by nodes, it ensures faster verification of blocks on the blockchain. At launch in 2020, Flow said it was processing 10 blocks in 10 seconds, so that would translate into a block per second.

Processing time for a block on the bitcoin blockchain is around 10 minutes on average and 12-14 seconds on the ethereum network.

According to Kraken, it takes 30 confirmations and approximately one minute for a FLOW cryptocurrency transaction to go through on the exchange. That is much faster compared to Kraken’s transaction time for ether, which is five minutes.

Fees and Expenses

On April 29, 2022, flow network participants voted to put in place a new fee structure. This new structure would mean different fees for different types of transactions on the network based on the effort required to complete them, rather than a flat fee of 0.00001 FLOW per transaction that was in place previously.

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In this dashboard, the SQLs are with the help of alik110.

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Conclusion

In first charts we can see the highest is in May 12th.
In Daily Number of Transactions, the most blockchain is Binance smart chain.
In Daily Number of Transactions, the highest is on May 12th.
On May 12th, Binance smart chain is 9M.
In Daily Number of Transactions, we can see that in the beginning of the chart more activity.
In Daily Number of Transactions Per Minute, the most is Binance smart chain.
In Daily Number of Transactions Per Minute, the highest is on May 12th.
On May 12th, Binance smart chain is 6.7K.
In Daily Number of Transactions Per Second, the most is Binance smart chain.
On May 12th, Binance smart chain is 113.
In Daily Number of Transactions Per Second, the highest is on May 12th.
In Daily Number of Transactions Per Second, we can see that in the beginning of the chart more activity.
In Daily Success Rate of Transactions, we can see that in too many of days Ethereum is the highest.
In Daily Success Rate of Transactions, we can also see that in too many of days Flow is the lowest but some days we can see that Flow is the highest.
In Flow the lowest is on May 29th.
In Daily Number of Successfull Transactions, the highest is on May 12th.
In Daily Number of Successfull Transactions, the most is Binance smart chain.
On May 12th, Binance smart chain is 8M.
In Daily Number of Successful Transactions Per Minute, we can see that in the beginning of the chart more activity.
In Daily Number of Successful Transactions Per Minute, the most is Binance smart chain.
In Daily Number of Successful Transactions Per Minute, the highest is on May 12th.
On May 12th, Binance smart chain is 5K.
In Daily Number of Successful Transactions Per Second, the most is Binance smart chain.
In Daily Number of Successful Transactions Per Second, the highest is on May 12th.
On May 12th, Binance smart chain is 93.
In Daily Number of Successful Transactions Per Second, we can see that in the beginning of the chart more activity.
In Average Daily Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS), the most is Binance smart chain.
In Binance smart chain, Average Number of Transactions is 3.9M, Average Transactions Per Minute is 2.7K and Average Transactions Per second is 46.
In Average Monthly Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS), the most is Binance smart chain.
In Binance smart chain, Average Number of Transactions is over 114M, Average Transactions Per Minute is 2.6K and Average Transactions Per second is 44.
In Median Daily Number of Transactions, TPM and TPS, the most is Binance smart chain.
In Binance smart chain, Average Number of Transactions is over 3M, Average Transactions Per Minute is 2.6K and Average Transactions Per second is 43.
In Median Monthly Number of Transactions, TPM and TPS, the most is Binance smart chain.
In Binance smart chain, Average Number of Transactions is over 107M, Average Transactions Per Minute is 2.4K and Average Transactions Per second is 41.
In Maximum Daily Number of Transactions, TPM and TPS, the most is Binance smart chain.
In Binance smart chain, Average Number of Transactions is over 8M, Average Transactions Per Minute is 5.6K and Average Transactions Per second is 93.
In Maximum Monthly Number of Transactions, the most is Binance smart chain.
In Binance smart chain, Average Number of Transactions is over 177M, Average Transactions Per Minute is 2.4K and Average Transactions Per second is 68.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (daily), we can see that in the end of the chart is more activity.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (daily), the most is Flow.
In Flow, the highest is on July 29th with 1.3K.
In Flow, the lowest activity is in the beginning of the chart.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (monthly), the most is Flow and the lowest is Avalanche.
In Flow, the highest is on June 1th with -42.
In Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily), the most is Daily TX Volume Change Ratio.
In Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily), we can see that in the beginning of the chart is more activity.
The highest in Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily) is on March 18th.
In March 18th, Daily TX Volume Change Ratio is 3K and Daily TX Average Volume Change Ratio is 992.
In March 8th, Daily TX Volume Change Ratio is over 2K and Daily TX Average Volume Change Ratio is 1K.
In Daily Failure Rate of Flow Events, the most failed transactions is FeesDeducted.
In Daily Failure Rate of Flow Events, in the end of May and also in the end of the October and in November is the most failure rate of these transactions.
In Daily Failure Rate of Flow Events, the highest is on May 29th.
TokensDeposited and TokensWithdrawn are almost equal.
In Flow Events With Failure Ratio, the highest is FeesDeducted with 11.
50% of Distribution of Flow Events With Failure Ratio are allocated to FeesDeducted.
The highest Top 10 Flow Events Since Start of The Year 2022 (TX Count) is TokensDeposited and TokensWithdrawn with 239M.
The lowest Top 10 Flow Events Since Start of The Year 2022 (TX Count) is DebitTransactionFinalized with 25M.
In Top 10 Flow Events of Each Month, the highest is on November.
In Top 10 Flow Events of Each Month, the most is TokensDeposited.
The lowest Top 10 Flow Events of Each Month is on December.

Introduction

In this dashboard we will compare the speed of Flow with Ethereum, Avalanche and Binance smart chain, blockchains and we will see:

Daily Number of Transactions
Daily Number of Transactions Per Minute
Daily Number of Transactions Per Second
Daily Success Rate of Transactions
Daily Number of Successfull Transactions
Daily Number of Successful Transactions Per Minute
Daily Number of Successful Transactions Per Second
Average Daily Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS)
Average Monthly Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS)
Median Daily Number of Transactions, TPM and TPS
Median Monthly Number of Transactions, TPM and TPS
Maximum Daily Number of Transactions, TPM and TPS
Maximum Monthly Number of Transactions, TPM and TPS
Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (daily)
Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (monthly)
Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily)
Daily Failure Rate of Flow Events
Flow Events With Failure Ratio
Distribution of Flow Events With Failure Ratio
Top 10 Flow Events Since Start of The Year 2022 (TX Count)
Top 10 Flow Events of Each Month

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In Daily Number of Transactions, the most blockchain is Binance smart chain.
In the second place, the most is Ethereum.
In Daily Number of Transactions, the highest is on May 12th.
In the second place, the highest is on May 13th.
On May 12th, Binance smart chain is 9M.
On May 12th, Ethereum is 1.32M.
On May 13th, Binance smart chain is 8M.
On May 13th, Ethereum is 1.34M.
In Daily Number of Transactions, we can see that in the beginning of the chart more activity.
In Daily Number of Transactions Per Minute, the most is Binance smart chain.
In Daily Number of Transactions Per Minute, the highest is on May 12th.
In the second place, the highest is on May 13th.
On May 12th, Binance smart chain is 6.7K.
On May 13th, Binance smart chain is 5.5K.
In Daily Number of Transactions Per Second, the most is Binance smart chain.
On May 12th, Binance smart chain is 113.
On May 13th, Binance smart chain is 93.
In Daily Number of Transactions Per Second, the highest is on May 12th.
In the second place, the highest is on May 13th.
In Daily Number of Transactions Per Second, we can see that in the beginning of the chart more activity.

In Daily Number of Successfull Transactions, the most is Binance smart chain.
In the second place, the most is Ethereum.
In Daily Number of Successfull Transactions, the highest is on May 12th.
In the second place, the highest is on May 13th.
On May 12th, Binance smart chain is 8M.
On May 12th, Ethereum is 1.2M.
On May 13th, Binance smart chain is over 6M.
On May 13th, Ethereum is 1.3M.
In Daily Number of Successful Transactions Per Minute, we can see that in the beginning of the chart more activity.
In Daily Number of Successful Transactions Per Minute, the most is Binance smart chain.
In Daily Number of Successful Transactions Per Minute, the highest is on May 12th.
In the second place, the highest is on May 13th.
On May 12th, Binance smart chain is 5K.
On May 13th, Binance smart chain is 4K.
In Daily Number of Successful Transactions Per Second, the most is Binance smart chain.
In Daily Number of Successful Transactions Per Second, the highest is on May 12th.
In the second place, the highest is on May 13th.
On May 12th, Binance smart chain is 93.
On May 13th, Binance smart chain is 72.
In Daily Number of Successful Transactions Per Second, we can see that in the beginning of the chart more activity.

In Daily Success Rate of Transactions, we can see that in too many of days Ethereum is the highest.
In Daily Success Rate of Transactions, we can also see that in too many of days Flow is the lowest but some days we can see that Flow is the highest.
In Flow the lowest is on May 29th.

In Average Daily Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS), the most is Binance smart chain.
In the second place, the most is Ethereum.
In Binance smart chain, Average Number of Transactions is 3.9M, Average Transactions Per Minute is 2.7K and Average Transactions Per second is 46.
In Ethereum, Average Number of Transactions is 1M, Average Transactions Per Minute is 754 and Average Transactions Per second is 12.
In Average Daily Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS), the lowest is Avalanche.
In Avalanche, Average Number of Transactions is 381K, Average Transactions Per Minute is 265 and Average Transactions Per second is 4.
In Average Monthly Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS), the most is Binance smart chain.
In the second place, the most is Ethereum.
In Binance smart chain, Average Number of Transactions is over 114M, Average Transactions Per Minute is 2.6K and Average Transactions Per second is 44.
In Ethereum, Average Number of Transactions is 31M, Average Transactions Per Minute is 722 and Average Transactions Per second is 12.
In Average Monthly Number of Transactions, Transactions Per Minute (TPM) and Transactions Per Second (TPS), the lowest is Avalanche.
In Avalanche, Average Number of Transactions is 10.9M, Average Transactions Per Minute is 254 and Average Transactions Per second is 4.

In Median Daily Number of Transactions, TPM and TPS, the most is Binance smart chain.
In the second place, the most is Ethereum.
In Median Daily Number of Transactions, TPM and TPS, the lowest is Avalanche.
In Binance smart chain, Average Number of Transactions is over 3M, Average Transactions Per Minute is 2.6K and Average Transactions Per second is 43.
In Ethereum, Average Number of Transactions is 1M, Average Transactions Per Minute is 751 and Average Transactions Per second is 12.
In Avalanche, Average Number of Transactions is 211K, Average Transactions Per Minute is 146 and Average Transactions Per second is 2.
In Median Monthly Number of Transactions, TPM and TPS, the most is Binance smart chain.
In the second place, the most is Ethereum.
In Median Monthly Number of Transactions, TPM and TPS, the lowest is Avalanche.
In Binance smart chain, Average Number of Transactions is over 107M, Average Transactions Per Minute is 2.4K and Average Transactions Per second is 41.
In Ethereum, Average Number of Transactions is 32M, Average Transactions Per Minute is 755 and Average Transactions Per second is 12.
In Avalanche, Average Number of Transactions is 6M, Average Transactions Per Minute is 144 and Average Transactions Per second is 2.

In Maximum Daily Number of Transactions, TPM and TPS, the most is Binance smart chain.
In the second place, the most is Ethereum.
In Maximum Daily Number of Transactions, TPM and TPS, the lowest is Avalanche.
In Binance smart chain, Average Number of Transactions is over 8M, Average Transactions Per Minute is 5.6K and Average Transactions Per second is 93.
In Ethereum, Average Number of Transactions is over 1M, Average Transactions Per Minute is 1.3 and Average Transactions Per second is 22.
In Avalanche, Average Number of Transactions is 882K, Average Transactions Per Minute is 611 and Average Transactions Per second is 10.
In Maximum Monthly Number of Transactions, the most is Binance smart chain.
In the second place, the most is Ethereum.
In Maximum Monthly Number of Transactions, the lowest is Avalanche.
In Binance smart chain, Average Number of Transactions is over 177M, Average Transactions Per Minute is 2.4K and Average Transactions Per second is 68.
In Ethereum, Average Number of Transactions is over 35M, Average Transactions Per Minute is 755 and Average Transactions Per second is 13.
In Avalanche, Average Number of Transactions is 23M, Average Transactions Per Minute is 144 and Average Transactions Per second is 9.

In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (daily), we can see that in the end of the chart is more activity.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (daily), the most is Flow.
In Flow, the highest is on July 29th with 1.3K.
In Flow, the lowest activity is in the beginning of the chart.
In the second place, the highest is on September 3th with 1.2k.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (daily), the lowest is Avalanche.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (monthly), we can see that in the end of the chart is more activity.
In Percentage change in the ratio of the number of transactions compared to the beginning of 2022 (monthly), the most is Flow and the lowest is Avalanche.
In Flow, the highest is on June 1th with -42.

In Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily), the most is Daily TX Volume Change Ratio.
In Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily), we can see that in the beginning of the chart is more activity.
The highest in Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily) is on March 18th.
In the second place, the highest is on March 8th.
In March 18th, Daily TX Volume Change Ratio is 3K and Daily TX Average Volume Change Ratio is 992.
In March 8th, Daily TX Volume Change Ratio is over 2K and Daily TX Average Volume Change Ratio is 1K.
The lowest Percentage change in the ratio of the flow trading volume compared to 2022 from the beginning (daily) is in the end of the chart.

In Daily Failure Rate of Flow Events, the most failed transactions is FeesDeducted.
In Daily Failure Rate of Flow Events, in the end of May and also in the end of the October and in November is the most failure rate of these transactions.
In Daily Failure Rate of Flow Events, the highest is on May 29th.
In the second place, the highest is on May 30th.
In the third place, the highest is on May 28th.
TokensDeposited and TokensWithdrawn are almost equal.
In Flow Events With Failure Ratio, the highest is FeesDeducted with 11.
In the second place, the highest is TokensDeposited with 5.59.
50% of Distribution of Flow Events With Failure Ratio are allocated to FeesDeducted.
24.8% of Distribution of Flow Events With Failure Ratio are allocated to TokensDeposited.

The highest Top 10 Flow Events Since Start of The Year 2022 (TX Count) is TokensDeposited and TokensWithdrawn with 239M.
In the second place, the highest is FeesDeducted with 207M.
In the third place, the highest is FeesDeducted with 60M.
The lowest Top 10 Flow Events Since Start of The Year 2022 (TX Count) is DebitTransactionFinalized with 25M.
In Top 10 Flow Events of Each Month, the highest is on November.
In the second place, the highest is September.
In Top 10 Flow Events of Each Month, the most is TokensDeposited.
The lowest Top 10 Flow Events of Each Month is on December.

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