Key Points:
A recent report by CoinGecko has revealed that Solana tops the blockchain charts in terms of daily average transactions per second (TPS), outperforming other major blockchains.
The study showcased Solana’s impressive speed, which is significantly higher than other blockchains, and highlighted the potential of non-Ethereum Virtual Machine (EVM) blockchains.
Solana has proven its mettle by achieving a record high of 1,504 TPS on April 6 this year, amid the frenzy of meme coins. The figure makes Solana 46 times faster than Ethereum and over five times faster than Polygon, the fastest among Ethereum scaling solutions.
However, Solana is yet to fully realize its potential, having achieved only 1.6% of its theoretical maximum speed of 65,000 TPS. With the upcoming upgrades, it would be interesting to see how quickly Solana can increase its real TPS.
Readmore: Pyth Grants $50 Million In PYTH To Stimulate Ecosystem Growth
Another non-EVM blockchain, Sui, came second in the report, recording its highest TPS of 854 in July 2023. Other non-EVM blockchains such as TON and Near Protocol also showed impressive speeds.
On average, non-EVM blockchains are almost four times faster than EVM blockchains, with an average peak TPS of 284 compared to 74 for EVM blockchains.
The report also noted that Ethereum and its ten largest scaling solutions have a combined real TPS of 500, which is still slower than Solana and Sui. The data highlights a need for Ethereum scaling solutions to increase their processing speed to match up with other layer 1 blockchains.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.
Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…
Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…
Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…
Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…
SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…
This website uses cookies.