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
Comparing Metrics
| Solana | Ethereum | |
|---|---|---|
| Created by | Anatoly Yakovenko | Vitalik Buterin |
| Native token | SOL | ETH |
| Consensus algorithm | PoH | PoS |
| Hashing algorithm | SHA-256 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 65000 | 27 |
| Block time (secs) | 0.4 | 12 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | Yes |
| 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.