Polygon vs Monero
Polygon and Monero 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 | Monero | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Riccardo Spagni |
| Native token | MATIC | XMR |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | randomx |
| Supports EVM | Yes | No |
| TPS | 7000 | 1700 |
| Block time (secs) | 2 | 120 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.018 | $0.001 |
| Staking rewards (APR) | 4.78% | % |
High-level Comparisons
Is Polygon faster than Monero?
Yes, Polygon can process 7000 transactions per second. Monero only processes up to 1700.
Is Polygon cheaper than Monero?
Yes, Polygon has an average transaction fee of $0.018, whereas Monero costs $0.001.