Polkadot vs Solana

Polkadot 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 byGavin Wood, Robert Habermeier and Peter CzabanAnatoly Yakovenko
Native tokenDOTSOL
Consensus algorithmPoSPoH
Hashing algorithmBLAKE2SHA-256
Supports EVMNoNo
Block time (secs)60.4
Supports smart contractsYesYes
Average transaction fee$0.08792$0.00025
Staking rewards (APR)14.5%7%

High-level Comparisons

Is Polkadot faster than Solana?

No, Polkadot only processes 1000 transactions per second. Solana processes up to 65000.

Is Polkadot cheaper than Solana?

No, Polkadot has an average transaction fee of $0.08792, whereas Solana costs $0.00025.