Solana vs Monero
Solana and Monero 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 | Monero | |
|---|---|---|
| Created by | Anatoly Yakovenko | Riccardo Spagni |
| Native token | SOL | XMR |
| Consensus algorithm | PoH | PoW |
| Hashing algorithm | SHA-256 | randomx |
| Supports EVM | No | No |
| TPS | 65000 | 1700 |
| Block time (secs) | 0.4 | 120 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.00025 | $0.001 |
| Staking rewards (APR) | 7% | % |
High-level Comparisons
Is Solana faster than Monero?
Yes, Solana can process 65000 transactions per second. Monero only processes up to 1700.
Is Solana cheaper than Monero?
Yes, Solana has an average transaction fee of $0.00025, whereas Monero costs $0.001.