Avalanche VS Fantom | Data on wallets, transactions, fees and contracts

2021 was the year of the rise of new layer one L1 blockchains. A lot of them Ethereum compatible blockchains, or EVM compatible (Ethereum Virtual Machine). There is now at least ten blockchains that have established them self in 2021.

Here we will be looking at Avalanche and the Fantom network and compare the key metrics for each of them.

I have made a comparison in the past for ETH VS BSC VS POLYGON, now let’s dig deeper and take a look at this two chains as well.

Both Avalanche and Fantom are Proof of stake (PoS) chains. Both of them have appeared as an smart contract platforms with cheaper fees as alternative to Ethereum.

We will be looking at:

• Number of Addresses
• Active Addresses
• Daily Transactions
• Block Size
• Fees
• Contracts

The period that we are looking into is Jan 2021 to Feb 2022.

The data for the chains will be extracted from their blockexplorers:

• https://snowtrace.io/charts
• https://ftmscan.com/charts

Number Of Addresses

One of the key metrics for crypto projects is the number of wallets.
First the overall number of wallets.

As we can see from the chart, the two chains are now very close with more then 2M unique wallets. Avalanche started a bit later with its growth, but it has grown in the last period and now the two chains are close in terms of wallet addresses.

Both of the chains experienced their growth in the second half of 2021 with Fantom starting in the summer and AVAX joining a bit later in the autumn of 2021.

For comparison Ethereum has 190M wallets vs the 2M of these chains.

Active Addresses

What’s more interesting in times like this is how many wallets are transacting. How many of those addresses are actually active?

The Fantom blockexplorer still doesn’t have this data so I was not able to plot them on one chart. Here are the charts for the both of them.

Avalanche

We can see that in the last period the daily active wallets on AVAX has been around 100k per day. At its ATH there was 140k active wallets per day.

Fantom

source

Fantom has gowned up to 110k in October 2021 and in the recent period it is around 70k active daily wallets. Compared to Avalanche 100k, Fantom has less active daily wallets per day. ETH is around 600k and BSC more then 1M daily active wallets.

Daily Transactions

The activity on the networks is mostly represented by the number of daily transactions. Here is the chart.

We can see the trend with Avalanche increasing its numbers a bit later here as well. But as for the other data, they are quite close in the last period.

Both Avalanche and Fantom are with more then 1M daily transactions with Fantom leading the way for jus a bit in the last days.

Block Size

The chart for the block size looks like this.

Fantom had a spike in the block size back in September 2021, a down trend afterwards and growth again in the last week. The Avalanche chain kept growing in block size and has overtaken Fantom on occasions in December and January, but they are quite close now.

Fees

Fees are quite the unpopular topic and one of the main reasons for the new EVM chains, as users are trying to find a way to escape ETH high fees.

The fees here are in GAS.

A similar trend as for the other metrics, with both of the chains converting with the gas used in the last period.

Contracts

These three are smart contract platforms so here is the chart for verified contracts per day.

The numbers of contracts varies a lot, but we can see that Fantom has a bit more in the last period. Back in December and January Avalanche was leading.

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Overall Avalanche and Fantom have grown a lot in 2021 in terms of wallets and transactions. Avalanche came a bit later, but it has matched Fantom and now they are both with very similar numbers. Avalanche even has an edge when it comes to daily active wallets. On all the other metrics these two chains are very close, except maybe for the market cap :).

All the best
@dalz

Posted Using LeoFinance ^Beta