Solana vs Ethereum

Solana and Ethereum 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

Created byAnatoly YakovenkoVitalik Buterin
Native tokenSOLETH
Consensus algorithmPoHPoS
Hashing algorithmSHA-256KECCAK-256
Supports EVMNoYes
Block time (secs)0.412
Supports smart contractsYesYes
Average transaction fee$0.00025$17.48
Staking rewards (APR)7%3.31%

High-level Comparisons

Is Solana faster than Ethereum?

Yes, Solana can process 65000 transactions per second. Ethereum only processes up to 27.

Is Solana cheaper than Ethereum?

Yes, Solana has an average transaction fee of $0.00025, whereas Ethereum costs $17.48.