Polkadot vs BNB Chain

Polkadot and BNB Chain 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

PolkadotBNB Chain
Created byGavin Wood, Robert Habermeier and Peter CzabanChangpeng Zhao
Native tokenDOTBNB
Consensus algorithmPoSPoS
Hashing algorithmBLAKE2KECCAK-256
Supports EVMNoYes
Block time (secs)63
Supports smart contractsYesYes
Average transaction fee$0.08792$0.35
Staking rewards (APR)14.5%%

High-level Comparisons

Is Polkadot faster than BNB Chain?

No, Polkadot only processes 1000 transactions per second. BNB Chain processes up to 2200.

Is Polkadot cheaper than BNB Chain?

No, Polkadot has an average transaction fee of $0.08792, whereas BNB Chain costs $0.35.