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

  1. Metrics
  2. Comparison

Comparing Metrics

PolygonBNB Chain
Created byJaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo BjelicChangpeng Zhao
Native tokenMATICBNB
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256KECCAK-256
Supports EVMYesYes
Block time (secs)23
Supports smart contractsYesYes
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.