Try Quests to earn FLOWFlow vs Other L1s
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?
Introduction and methods
Flow blockchain is a fast, decentralised, developer-friendly PoS-based blockchain from NFT pioneer Dapper Labs that aims to provide high scalability to the next generation of Dapps without the use of complex scaling techniques such as fragmentation.
In this dashboard we are gonna analyze the user retention on Flow. As well, in order to assess its performance and to have an overview about its activity, we will compare it against other L1 networks. For this analysis, we will use Algorand and Osmosis networks.
The analysis have 2 main approaches.
- The first one to assess the retention of Flow during the past month
- And the second one about the user retention on Flow over the past week in comparison to Osmosis and Algorand.
Conclusions
In this dashboard we have studied the user retention on Flow blockchain and compared with other competitors like Osmosis and Algorand. The main insights extracted from the analysis is that Flow numbers are poorer than the other blockchains. Even Flow are capting the attention of many users, few of them rejoined the network. Then, it is a bad sign for the blockchian because of some of them could be converted in dead wallets. In comparison to Osmosis or Algorand where more than 40% of the new users joined the past week rejoined the current week, in Flow only 2.25% of them rejoined this week.
In terms of weekly retention, during the past week 2-7th July, a total of 12.35k users joined Flow, 154k Algorand and 84.8k Osmosis.
Among these users, 278 rejoined Flow during this current week 10-17 July, 64.7k rejoined on Algorand while 55.2k rejoind on Osmosis.
Then, it is clear that the best user retention is in osmosis with around 65.1% of weekly user retention. Algorand is the second one with around 42% and FLow has the poorer number with around 2.25%.