Arbitrum vs Solana
Arbitrum and Solana are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Arbitrum | Solana | |
|---|---|---|
| Created by | Germans Gedgauds | Anatoly Yakovenko |
| Native token | ETH | SOL |
| Consensus algorithm | PoS | PoH |
| Hashing algorithm | KECCAK-256 | SHA-256 |
| Supports EVM | Yes | No |
| TPS | 4000 | 65000 |
| Block time (secs) | 13 | 0.4 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.101 | $0.00025 |
| Staking rewards (APR) | 0% | 7% |
High-level Comparisons
Is Arbitrum faster than Solana?
No, Arbitrum only processes 4000 transactions per second. Solana processes up to 65000.
Is Arbitrum cheaper than Solana?
No, Arbitrum has an average transaction fee of $0.101, whereas Solana costs $0.00025.