Introduction

What Is Flow (FLOW)?

Flow is a blockchain-based decentralized ecosystem and platform with scaling solutions for interactive experiences, decentralized application projects, and blockchain-based games. The Flow network focuses on providing a scalable environment and architecture for fast transactions without congestion, to create an environment for non-fungible tokens, dApps, and games. NFTs can be created and traded as well as other cryptocurrencies, while the crucial difference is that every NFT is unique and has a different price, which is why NFTs are known as collectibles.

Flow has its own project on the network, NBA Top Shot, and as the NFT market is booming, Flow could experience rising popularity as well. Flow offers upgradable smart contracts that can be patched to fix any bugs, a finality that is achieved in seconds, and an easy way to build dApps and create NFTs with Flow’s easy-to-learn programming language, Cadence.

Flow resolves problems with scalability seen on the Ethereum platform without the use of sharding, instead of employing the efficient Proof of Stake protocol. That is how Flow enables the smooth running of operations and minimizes congestion on the network for dApps and blockchain games such as CryptoKitties.

Method

Things that can be seen in this dashboard How has Flow increased its speed in transactions per minute? We compared Flow and other L1 blockchains in terms of speed based on average monthly transactions per minute and identify how it has improved or deteriorated since the beginning of 2022. And we showed what kind of events caused the blockchain performance to increase or decrease during that period of time? Is there an increase in transaction volume or profit in the chain?

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It can be seen that the number of transactions in Flow is more than Ethereum on some days, but most of the time it is in the second place. Due to the size of the users, Ethereum is mostly in the second place, and it can be seen that in November 2022, from Ethereum has more active users In September, the number of transactions per minute in Flow was more than Ethereum, and the number of transactions per second was sometimes higher in Ethereum.

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In the display of data based on the month, it can be seen that in November and July, the number of Flow transactions is more than that of Ethereum, and the number of active users in November in these two networks is very close to each other.

Flow

Ethereum

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In the graph of the number of transactions and rejected transactions, it can be seen that the highest number of rejected transactions in Flow happened in the month of May.

Cosmos

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The percentage of rejected transactions in Ethereum is much less than Flow and it can be seen that the highest rejected transaction was on June 4.

Arbitrum

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The percentage of rejected transactions in Cosmos is much less than Flow and it can be seen that the highest rejected transaction was on April 16.

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The number of rejected transactions in Arbitrum is also high, and this statistic reached its highest level on August 20.

In the index of the number of transactions, the number of users, transactions per minute, and transactions on, it can be seen that the flow is less than the Ethereum network, but it is more than the Cosmos and Arbitrum networks.

In the comparison chart between the volume and the average volume, it can be seen that there is the highest volume and average on March 14, and according to the market conditions, the market volume is decreasing in the last months.

In the display of the top 10 activities, it can be seen that Token WithDraw has the largest number of tokens, which includes 23% of the activities, and the largest transaction regarding this activity was on November 24.

Conclusion

It can be seen that compared to (Cosmos, Ethereum and Arbitrum) FLOW has made significant progress in terms of the number of transactions and the number of users, and the number of transactions per second has a Saadi graph in a way that in some areas it is more than Ethereum. It is true that due to the winter that dominates the market, the volume of FLOW has decreased, but this can be seen in all networks, and considering these conditions, it can be seen that FLOW has a stronger chart.

It can be seen that the number of transactions in Flow is more than Ethereum on some days, but most of the time it is in the second place. Due to the size of the users, Ethereum is mostly in the second place, and it can be seen that in November 2022, from Ethereum has more active users In September, the number of transactions per minute in Flow was more than Ethereum, and the number of transactions per second was sometimes higher in Ethereum. In the display of data based on the month, it can be seen that in November and July, the number of Flow transactions is more than that of Ethereum, and the number of active users in November in these two networks is very close to each other. In the graph of the number of transactions and rejected transactions, it can be seen that the highest number of rejected transactions in Flow happened in the month of May. The percentage of rejected transactions in Ethereum is much less than Flow and it can be seen that the highest rejected transaction was on June 4. The percentage of rejected transactions in Cosmos is much less than Flow and it can be seen that the highest rejected transaction was on April 16. The number of rejected transactions in Arbitrum is also high, and this statistic reached its highest level on August 20. In the index of the number of transactions, the number of users, transactions per minute, and transactions on, it can be seen that the flow is less than the Ethereum network, but it is more than the Cosmos and Arbitrum networks. In the comparison chart between the volume and the average volume, it can be seen that there is the highest volume and average on March 14, and according to the market conditions, the market volume is decreasing in the last months. In the display of the top 10 activities, it can be seen that Token WithDraw has the largest number of tokens, which includes 23% of the activities, and the largest transaction regarding this activity was on November 24.