Monero vs Solana
Monero 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
| Monero | Solana | |
|---|---|---|
| Created by | Riccardo Spagni | Anatoly Yakovenko |
| Native token | XMR | SOL |
| Consensus algorithm | PoW | PoH |
| Hashing algorithm | randomx | SHA-256 |
| Supports EVM | No | No |
| TPS | 1700 | 65000 |
| Block time (secs) | 120 | 0.4 |
| Layer | 1 | 1 |
| Supports smart contracts | No | Yes |
| Average transaction fee | $0.001 | $0.00025 |
| Staking rewards (APR) | 0% | 7% |
High-level Comparisons
Is Monero faster than Solana?
No, Monero only processes 1700 transactions per second. Solana processes up to 65000.
Is Monero cheaper than Solana?
No, Monero has an average transaction fee of $0.001, whereas Solana costs $0.00025.