L1 comparison
From Internet Computer Wiki
To get a view of the top performers in the blockchain industry, it's useful to compare across common metrics. Here we build a table that does such a comparison. All data correct as of December 2022.
Metrics explanations and references are given below.
| Metrics / L1 | ICP | ADA | AVAX | ALGO | ETH | NEAR | SOL |
|---|---|---|---|---|---|---|---|
| TPS | 5000 | 2.37 | 49.52 | 15.5 | 11.1 | 6 | 3000+ (381 excluding votes) |
| Finality | 1-2secs | y | 2.3secs | 3.5secs | 15mins | 2.4secs | 5-12.8secs |
| Tx Cost | 0.0004 | 0.33 | y | 0.0003 | 0.57 | 0.0002 | 0.00025 |
| Energy Consumption | 0.008 | 51.59 | 4.76 | 2.7 | n | n | 0.166 |
| On-Chain Storage | $5 (3.95T cycles x 1XDR) | $17,035 - $113,507 (53,236 – 354708ADA) | $206,875 (15,62 5AVAX) | n | 15,494,409 (12,643.75 ETH) | n | 48,625 (3,477.69 SOL) |
| Nodes / Validators | y | y | y | 1530 | n | 798 | y |
| Nakamoto coefficient | n | y | n | n | n | n | n |
| Market Cap | n | y | y | n | y | n | n |
| Price | n | y | y | n | y | n | y |
| Circulating supply | y | n | n | n | n | n | y |
| Volume | y | n | n | n | n | n | y |
| Users | y | y | n | y | n | y | n |
| repos, DAOs, dapps, tokens | y | y | n | y | n | y | n |
| Safety threshold | n | y | n | n | n | n | n |
| Burnt fees | y | n | y | n | n | n | n |
Metrics
- TPS measures the transactions processed per second
- Finality measures the time taken for a block to be finalised
- Tx Cost measures the cost of a transaction
- Energy Consumption measures the energy consumption
- On-Chain Storage measures the cost of storing data on-chain
- Nodes/Validators measures the number of nodes
- Nakamoto Coefficient is the count of malicious nodes needed to collude to prevent a blockchain from functioning properly
- Market Cap is the price of the coin times the number of coins
- Price denotes the dollar price of the coin
- Circulating Supply is the count of coins in circulation
- Volume is the amount transferred in a given period
- Users counts the users on the network
- Repos, DAOs, Dapps, Tokens showcases the leading applications supported by the network
- Safety Threshold is the assumption underlying the safety property of a blockchain
- Burnt Fees counts the amount of tokens burnt by fees
References
- ICP : IC Dashboard
- ADA : Cardano explorer and cexplorer
- AVAX : Snowtrace
- ALGO : Algorand website and Algorand metrics site
- ETH : Etherscan
- NEAR : Near explorer
- SOL : Solana website and Solana beach