Solana vs Avalanche
Solana and Avalanche 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 | Avalanche | |
|---|---|---|
| Created by | Anatoly Yakovenko | Emin Gün Sirer, Kevin Sekniqi, and Ted Yin |
| Native token | SOL | AVAX |
| Consensus algorithm | PoH | PoS |
| Hashing algorithm | SHA-256 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 65000 | 4500 |
| Block time (secs) | 0.4 | 2 |
| Layer | 1 | 0 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.00025 | $0.12 |
| Staking rewards (APR) | 7% | 8.96% |
High-level Comparisons
Is Solana faster than Avalanche?
Yes, Solana can process 65000 transactions per second. Avalanche only processes up to 4500.
Is Solana cheaper than Avalanche?
Yes, Solana has an average transaction fee of $0.00025, whereas Avalanche costs $0.12.