Polygon vs Solana
Polygon 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
| Polygon | Solana | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Anatoly Yakovenko |
| Native token | MATIC | SOL |
| Consensus algorithm | PoS | PoH |
| Hashing algorithm | KECCAK-256 | SHA-256 |
| Supports EVM | Yes | No |
| TPS | 7000 | 65000 |
| Block time (secs) | 2 | 0.4 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.018 | $0.00025 |
| Staking rewards (APR) | 4.78% | 7% |
High-level Comparisons
Is Polygon faster than Solana?
No, Polygon only processes 7000 transactions per second. Solana processes up to 65000.
Is Polygon cheaper than Solana?
No, Polygon has an average transaction fee of $0.018, whereas Solana costs $0.00025.