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 |
|---|---|---|---|---|---|---|---|
| Average TPS | 9’720 | 2.37 | 49.52 | 15.5 | 11.1 | 6 | 286 |
| Average Finality | 0.96secs | 2.3secs | 3.5secs | 15mins | 2.4secs | ||
| Average Tx Cost | $0.0000022 | $0.1 | 0.01 | $0.00025 | $2.39 | 0.0002 | 0.00025 |
| Fixed tx cost | Yes | no | no | no | no | no | no |
| Energy Consumption | 0.008 | 51.59 | 4.76 | 2.7 | 0.166 | ||
| On-Chain Storage | $5 (3.95T cycles x 1XDR) | $17,035 - $113,507 (53,236 – 354708ADA) | $206,875 (15,62 5AVAX) | 15,494,409 (12,643.75 ETH) | 48,625 (3,477.69 SOL) | ||
| Nodes / Validators | 549 | 1050 | 1195 | 1530 | 798 | 1872 | |
| Nakamoto coefficient | 22 | ||||||
| repos, DAOs, dapps, tokens | full web3 | nft & defi | y | y | |||
| Safety threshold | 51% | ||||||
| Burnt fees | 443ICP | 2,047,382.09AVAX | |||||
| Max stack size | 4 GiB | 4 MB | 32 KiB | 256 KiB | |||
| Max persisted memory | 52 GiB | 1 MB | 2^261 B (however, 15,494,409$ per GiB) | 32 KiB |
Metrics
- TPS measures the transactions processed per second - note that the interval over which these are measured does vary across chains.
- Finality refers to the amount of time that passes between the proposal of a new valid block containing transactions until the block has been finalized and its content is guaranteed to not be reversed or modified (for some blockchains, e.g., Bitcoin, this guarantee can only be probabilistic).
- Tx Cost measures the cost of a transaction (Cardano figure found in Messari dashboard)
- 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 and Avalanche explorer
- ALGO : Algorand website and Algorand metrics site
- ETH : Etherscan
- NEAR : Near explorer
- SOL : Solana website and Solana beach