Solana vs Arbitrum
Solana and Arbitrum 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
| Solana | Arbitrum | |
|---|---|---|
| Created by | Anatoly Yakovenko | Germans Gedgauds |
| Native token | SOL | ETH |
| Consensus algorithm | PoH | PoS |
| Hashing algorithm | SHA-256 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 65000 | 4000 |
| Block time (secs) | 0.4 | 13 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.00025 | $0.101 |
| Staking rewards (APR) | 7% | % |
High-level Comparisons
Is Solana faster than Arbitrum?
Yes, Solana can process 65000 transactions per second. Arbitrum only processes up to 4000.
Is Solana cheaper than Arbitrum?
Yes, Solana has an average transaction fee of $0.00025, whereas Arbitrum costs $0.101.