Try Quests to earn FLOWAs can be seen, FLOW's weekly TPM and TPS grew in 2022. When we compare FLOW to some of the quickest blockchains, we can see that it is one of them. TPM of FLOW is superior than Optimism, NEAR, and less powerful than Algorand. nonetheless, FLOW TPS and TPM significantly rose in 2022.
FLOW is the second-ranked blockchain in terms of TPM among the other four, however its average TPS is lower than that of Algorand and Optimism. greater TPS and lower TPM indicate that the blockchain has more capacity but is underutilised by users (like Optimism) However, FLOW is the most optimal blockchain.
These charts display the median and average monthly TPM for four different blockchains, and it is obvious that the flow TPM grew both on the median and average charts. However, the TPM for Algorand is expected to decline in 2022.
This figure displays the clear monthly trend for 4 blockchains, and it is obvious that Algorand TPM is declining, NEAR TPM is nearly unchanged in 2022, and Optimism has slightly climbed. However, FLOW outperformed the other 3 blockchains, and its TPM significantly rose in 2022. nonetheless, it has the second-most TPM among 3 others.
Out of the four blockchains, Algorand has the most transactions, FLOW is second, and as we can see, Algorand also has the most TPM. It's interesting to see that despite having roughly the same amount of transactions as FLOW, NEAR's TPM is different, indicating that FLOW will do better than NEAR in 2022.
FLOW TPM started to rise significantly in the first month of 2022, although NEAR and Algorand TPM fell throughout the year. The TPM for optimism improved in 2022, although not by as much as the TPM for FLOW, which performed the greatest in 2022.
In terms of the success rate of deals in 2022, NEAR performed the worst, while Optimism performed the best. In terms of the success rate of deals in 2022, FLOW is ranked second.
Users of Flow are using the blockchain more frequently than in the first few months of 2022, whereas users of NEAR are using it considerably less frequently than previously. This indicates that, based on the researched metrics, FLOW performed very well in 2022.
It is obvious that more TPM results from more transactions, as the graph illustrates. Additionally, the number of users had correlations with TPM up until July 2022, after which the correlation vanished, but in November, it was virtually evident that the association had reappeared.
The NFT sale of FLOW and PTM ratio do not appear to be significantly correlated. NFTs have little impact on the FLOW's performance, which indicates. There is no association between success rate and TPM in 2022 (despite the fact that FlOW is one of the greatest places for NFTs).
The performance of FLOW as measured by TPM and the price of $FLOW do not specifically correlate. Nonetheless, there is a significant association between token transfers and FLOW's TPM ratio, indicating that ==token transfers are one of the key factors influencing FLOW performance in 2022.==
FLOW performed quite well in the first quarter of 2022. Additionally, although not as well as the first quarter, another quarter had strong success. Additionally, Algorand had poor performance in every quarter, while NEAR had poor performance in practically every quarter. The final quarter of 2022 was the best for optimism.
FLOW had a growth in transactions in each of the three quarters of 2022, although users per day fell in the third quarter before rising once more in the fourth. Additionally, completely FLOW performs admirably in 2022.
The three most frequent occurrences on the FLOW—tokensdeposited, tokenwithdrawn, and fees deducted—have a significant influence on how well the FLOW functions. and the top events for each week are displayed on the opposite chart.
The first three events mentioned above have a significant influence on the TPM of the FLOW, and there is a direct relationship between the quantity of transactions of this type and the TPM of the FLOW. Nonetheless, the TPM of the FLOW during 2022 is less affected by the transactions of other Events.
The weekly TPM of FLOW in 2022 is unaffected by the $FLOW whales. Consequently, $FLOW whales have few transactions. tx signers other than the top 1000 displayed their influence on the charts, and if we compare them to the top 100 and top 1000, we can say that the top tx signers have a greater impact on the TPM of the FLOW.
These plots illustrate the relationship between the top 100 and top 10 txsigners, and it is obvious that the TPM of the FLOW and top users are strongly correlated. therefore it implies that the FLOW's top 10 or top 100 users have a significant effect on the functionality of the FLOW blockchain.
Background:
Flow is fast, but how fast?
6 months ago, we asked for a comparative analysis on blockchain speed - how has Flow increased its speed in transaction per minute since? Compare Flow and other L1 blockchains in terms of speed: identify the monthly average for transactions per minute, and how that's improved or worsened since the beginning of 2022.
- What types of events have raised or decreased the blockchain's performance over that time period?
- Are there bursts of transaction volume or interest on the chain? Compare Flow's speed to at least two other blockchains.
Introduction:
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment.
Flow empowers developers to build thriving crypto- and crypto-enabled businesses. Applications on Flow can keep consumers in control of their own data; create new kinds of digital assets tradable on open markets accessible from anywhere in the world; and build open economies owned by the users that help make them valuable. \n \n Smart contracts on Flow can be assembled like Lego blocks to power apps serving billions of people, from basketball fans to businesses with mission-critical requirements.
There are four pillars that make Flow unique among existing blockchains: \n
- Multi-role architecture: Flow’s design is unique, allowing the network to scale to serve billions of users without sharding or reducing decentralization of consensus.
- Resource-oriented programming: smart contracts on Flow are written in Cadence, an easier and safer programming language for crypto assets and apps.
- Developer ergonomics: from upgradeable smart contracts and built-in logging support to the Flow Emulator, this network is designed for results.
- Consumer onboarding: Flow was designed for mainstream consumers, with payment onramps catalyzing a safe and low-friction path from fiat to crypto.
In a traditional blockchain, every node stores the entire state (account balances, smart contract code, etc.) and performs all of the work associated with processing every transaction in the chain. This is analogous to having a single worker build an entire car. [1]
Method:
In this dashboard I studied the performance of top blockchains include:
1-FLOW
2-NEAR
3-ALGORAND
4-OPTIMISM
==I selected these blockchains because they are all extremely quick, and FLOW, NEAR, and Algorand are the top L1 blockchains. I also selected Optimism since it is now the fastest L2 blockchain of Ethereum.==
In my analysis I used 5 sections include:
1-Transactions
2-Correlations
3-Volatilities
4-Impact of Flow whales and top tx signers on TPM performance
5-ٍٍEvents
In the first section for study transactions performance of 4 mentioned blockchains I used these analysis:
1-Weekly Moving Average TPS of different blockchains since the beginning of 2022.
2-weekly Moving Average TPM of different blockchains since the beginning of 2022.
3-Average TPM of different blockchains in 2022 per week
4-Average TPS of different blockchains in 2022 per week
5-Monthly average TPM of different blockchains in 2022
6-Monthly median TPM of different blockchains in 2022
7-Average and median TPM of different blockchains per month in 2022
8-Moving average of different blockchains TPM per month since the beggining of 2022
9-moving average of transaction counts per week in 2022
10-Averag number of transactions per week in 2022
11-average TPM per month change percentage since beginning of 2022
12-Average TPM at the beginning of 2022 and current date
13-Weekly success rate of different blockchains in 2022
14-Average and Median success rate of different blockchains in 2022
15-Weekly Average number of transactions per wallet in 2022
16-Average and Median number of transactions per wallet in 2022
\n In the second part I studied correlations between FLOW TPM and some parameters:
1-Correlation between number of transactions and MA7 TPM
2-Correlation between number of users and MA7 TPM
3-Correlation between success rate of transactions and TPM
4-Correlation between NFT sales on FLOW and MA7 TPM
5-Correlation between Flow price and TPM
6-Correlation between token transfers on Flow and TPM
\n In the volatility section for analyze volatility of mentioned parameters I used these charts:
1-quarterly average TPM of different blockchains in 2022 volatility percentage
2-quarterly average TPS of different blockchains in 2022 volatility percentage
3-quarterly average number of tx per day in 2022 volatility percentage
4-quarterly average number of users per day in 2022 volatility percentage
\n In the Impact of Flow whales and top tx signers on TPM performance I used these charts:
1-Weekly Impact of top $FLOW whales on TPM
2-Weekly Impcat of all users except 1000 top txsigners on TPM
3-Weekly Impcat of top 10 txsigners on TPM
4-Weekly Impcat of top 100 txsigners on TPM
\n And in the last part I studied events of Flow:
1-Top 10 events in Flow per week in 2022
2-Top events on Flow with most transactions
3-Weekly Impact of first 3 events on TPM
4-Weekly Impact of all events transactions on TPM except 3 first events
1-In 2022, FLOW's weekly TPM and TPS increased. FLOW is one among the fastest blockchains when measured against some of the others. TPM of FLOW is more effective than Optimism, NEAR. FLOW TPS and TPM did, however, considerably increase in 2022.
2-Among the other four blockchains, FLOW is the second-ranked blockchain in terms of TPM, although its average TPS is lower than that of Algorand and Optimism. Greater TPS and lower TPM show that users are not fully utilising the blockchain's capability despite its increased capacity (like Optimism) However, the best blockchain is FLOW.
3-Despite NEAR and Algorand TPM declining all year, FLOW TPM began to drastically increase in the first month of 2022. Although not as much as the TPM for FLOW, which performed the best in 2022, the TPM for optimism increased in 2022.
4-Token transfers is one of the major elements determining FLOW performance in 2022, however, as seen by the substantial correlation between token transfers and FLOW's TPM ratio.
5-In the first quarter of 2022, FLOW did fairly well. Another quarter also enjoyed excellent success, albeit not quite as well as the first. Algorand also performed poorly every quarter, but NEAR also performed poorly almost every quarter.
6-Top users and the TPM of the FLOW have a high correlation. Therefore, it suggests that the top 10 or top 100 FLOW users have a big impact on how well the FLOW blockchain works.
7-The TPM of the FLOW is significantly influenced by tokendeposited, tokenwithdrawn, and fees deducted events, and there is a clear correlation between the volume of these types of transactions and the TPM of the FLOW. However, the transactions of other Events have a less significant impact on the TPM of the FLOW in 2022.
[1]: