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
Comparing Metrics
| Polkadot | Solana | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Anatoly Yakovenko |
| Native token | DOT | SOL |
| Consensus algorithm | PoS | PoH |
| Hashing algorithm | BLAKE2 | SHA-256 |
| Supports EVM | No | No |
| TPS | 1000 | 65000 |
| Block time (secs) | 6 | 0.4 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | Yes |
| 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.