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:
- User who made a transaction previously.
- Users who have made another transaction
- After a week.
- After a month
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
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.