Ethereum vs Solana

Ethereum 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

  1. Metrics
  2. Comparison

Comparing Metrics

Created byVitalik ButerinAnatoly Yakovenko
Native tokenETHSOL
Consensus algorithmPoSPoH
Hashing algorithmKECCAK-256SHA-256
Supports EVMYesNo
Block time (secs)120.4
Supports smart contractsYesYes
Average transaction fee$17.48$0.00025
Staking rewards (APR)3.31%7%

High-level Comparisons

Is Ethereum faster than Solana?

No, Ethereum only processes 27 transactions per second. Solana processes up to 65000.

Is Ethereum cheaper than Solana?

No, Ethereum has an average transaction fee of $17.48, whereas Solana costs $0.00025.