Difference between revisions of "L1 comparison"

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! Metrics / L1 !! ICP !! ADA !! AVAX !! ALGO !! ETH !! NEAR !! SOL
 
! Metrics / L1 !! ICP !! ADA !! AVAX !! ALGO !! ETH !! NEAR !! SOL
 
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| TPS || 5000 || 2.37 || 49.52 || 15.5 || 11.1 || 6 || 3000+ (381 excluding votes)
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| TPS || 9’720 || 2.37 || 49.52 || 15.5 || 11.1 || 6 || 3000+ (381 excluding votes)
 
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| Finality || 1-2secs || y || 2.3secs || 3.5secs || 15mins || 2.4secs || 5-12.8secs
 
| Finality || 1-2secs || y || 2.3secs || 3.5secs || 15mins || 2.4secs || 5-12.8secs
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| 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)
 
| 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)
 
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| Nodes / Validators || y || y || y || 1530 || n || 798 || y
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| Nodes / Validators || 549 || y || y || 1530 || n || 798 || y
 
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| Nakamoto coefficient || n || y || n || n || n || n || n
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| Nakamoto coefficient || || y || n || n || n || n || n
 
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| Market Cap || n || y || y || n || y || n || n
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| Market Cap || || y || y || n || y || n || n
 
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| Price || n || y || y || n || y || n || y
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| Price || || y || y || n || y || n || y
 
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| Circulating supply || y || n || n || n || n || n || y
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| Circulating supply || 274,411,339 ICP || n || n || n || n || n || y
 
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| Volume || y || n || n || n || n || n || y
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| Volume || 35.85 Blocks/s || n || n || n || n || n || y
 
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| Users || y || y || n || y || n || y || n
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| Users || || y || n || y || n || y || n
 
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| repos, DAOs, dapps, tokens || y || y || n || y || n || y || n
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| repos, DAOs, dapps, tokens || [https://internetcomputer.org/showcase full web3] || y || n || y || n || y || n
 
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| Safety threshold || n || y || n || n || n || n || n
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| Safety threshold || || y || n || n || n || n || n
 
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| Burnt fees || y || n || y || n || n || n || n
 
| Burnt fees || y || n || y || n || n || n || n

Revision as of 16:44, 6 December 2022

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.

L1 Comparisons
Metrics / L1 ICP ADA AVAX ALGO ETH NEAR SOL
TPS 9’720 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 549 y y 1530 n 798 y
Nakamoto coefficient y n n n n n
Market Cap y y n y n n
Price y y n y n y
Circulating supply 274,411,339 ICP n n n n n y
Volume 35.85 Blocks/s n n n n n y
Users y n y n y n
repos, DAOs, dapps, tokens full web3 y n y n y n
Safety threshold 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