Solana Leaves Ethereum and Polygon in the Dust as the Top Performer in Blockchain Speed
Solana has emerged as a leader in the blockchain technology landscape, surpassing established players such as Ethereum and Bitcoin in daily average transactions per second (TPS).
With a daily average TPS of 1,053, Solana outperforms Ethereum’s 22.8 TPS and Bitcoin’s 10.7 TPS, demonstrating its efficiency and scalability. This positions Solana as the fastest blockchain network available, setting a new standard for transaction processing speed in the industry.
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Solana Surpasses Ethereum and its L2 Solution Polygon
Despite encountering congestion issues in April, Solana promptly addressed these challenges and introduced updates. As a result, Solana’s TPS reached a remarkable 1,504 on April 6, firmly establishing it as the fastest blockchain, outpacing Ethereum and even Polygon, the fastest among Ethereum scaling solutions.
Furthermore, Solana has only utilized a fraction of its potential, achieving just 1.6% of its theoretical maximum speed of 65,000 TPS. Sui follows Solana as the second-fastest blockchain, boasting a peak speed of 854 TPS, largely driven by the popularity of the on-chain game Sui 8192.
Meme Craze Impacts and Advancements
Solana’s speed surge in April was partly fueled by the memecoin frenzy, highlighting its ability to handle significant transaction volumes. This performance solidifies Solana’s position as a frontrunner in the blockchain industry and underscores its potential for continued growth and innovation.
Solana’s success can be attributed to its innovative approach to blockchain architecture, leveraging features such as its proof of history (PoH) timestamp mechanism, efficient block propagation protocol Turbine, and parallel transaction processing capabilities. These features enable Solana to achieve unparalleled speed and efficiency, making it an attractive choice for developers and users.
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Overall, non-EVM blockchains have demonstrated nearly four times the speed of EVM-compatible chains, with the top eight non-EVM networks achieving an average peak TPS of 284. The report also indicates that almost all leading blockchains have set new records for real transactions per second (TPS) over the past year, with the surge in activity primarily being driven by the growing interest in meme coins and inscription-based transactions. As blockchain technology advances, platforms such as Solana and Sui continue to push transaction speed limits.
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