Polygon vs BNB Chain
Polygon 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
Comparing Metrics
| Polygon | BNB Chain | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Changpeng Zhao |
| Native token | MATIC | BNB |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 7000 | 2200 |
| Block time (secs) | 2 | 3 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.018 | $0.35 |
| Staking rewards (APR) | 4.78% | % |
High-level Comparisons
Is Polygon faster than BNB Chain?
Yes, Polygon can process 7000 transactions per second. BNB Chain only processes up to 2200.
Is Polygon cheaper than BNB Chain?
Yes, Polygon has an average transaction fee of $0.018, whereas BNB Chain costs $0.35.