Flow vs Other L1s Pt (II)

    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.

    Method

    I for this analysis, I obtained the transactions of the last 1 month, and then I obtained the list of addresses that made another transaction a week or a month later from Solana, Ethereum, and Flow tables and compared them.

    • Flow => I used flow.core.fact_transactions table.

    • Solana => I used solana.core.fact_transactions table.

    • Ethereum => I used the ethereum.core.fact_transactions table.

      I divided the users into two types:

      1. User who made a transaction previously.
      2. Users who have made another transaction
        • After a week.
        • After a month
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    After a week

    The charts below compare users who made a transaction a month ago to users who made another transaction a week later. (Flow, Solana, Ethereum).

    The charts below are marked with 0 and 1:

    • 0 : User who made a transaction previously
    • 1 : Users who have made another transaction a week later

    Flow

    • User who made a transaction previously: 3.23M, 99.9%
    • Users who have made another transaction a week later: 2.2k, 0.1%

    Solana

    • User who made a transaction previously: 36.87M, 99.8%
    • Users who have made another transaction a week later: 55.5k, 0.2%

    Ethereum

    • User who made a transaction previously: 7.25M , 99.9%
    • Users who have made another transaction a week later: 33.7k, 0.5%

    After a month

    The charts below compare users who made a transaction a month ago to users who made another transaction a month later. (Flow, Solana, Ethereum).

    The charts below are marked with 0 and 1:

    • 0 : User who made a transaction previously
    • 1 : Users who have made another transaction a month later
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    Solana

    • User who made a transaction previously: 36.87M, 99.9%
    • Users who have made another transaction a month later: 20.5k, 0.1%

    Ethereum

    • User who made a transaction previously: 7.25M, 99.8%
    • Users who have made another transaction a month later: 16.1k, 0.2%
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    Flow

    • User who made a transaction previously: 3.23M, 100%
    • Users who have made another transaction a month later: 615, 0%
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    Conclusion

    According to observations Ethereum has a higher user retention rate than Solana and Flow. Users who made a transaction a month ago and make another transaction after a week is about 0.5% in Ethereum.

    The number of transactions in Solana is high, but only 0.2% of users have been retained in the next week's transaction.

    Flow has the weakest performance in retaining users and it can be said that users have not made another transaction after 1 month of the previous transaction.