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
Comparing Metrics
| Ethereum | Solana | |
|---|---|---|
| Created by | Vitalik Buterin | Anatoly Yakovenko |
| Native token | ETH | SOL |
| Consensus algorithm | PoS | PoH |
| Hashing algorithm | KECCAK-256 | SHA-256 |
| Supports EVM | Yes | No |
| TPS | 27 | 65000 |
| Block time (secs) | 12 | 0.4 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | Yes |
| 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.