Solana vs Polkadot
Solana and Polkadot 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 | Polkadot | |
|---|---|---|
| Created by | Anatoly Yakovenko | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | SOL | DOT |
| Consensus algorithm | PoH | PoS |
| Hashing algorithm | SHA-256 | BLAKE2 |
| Supports EVM | No | No |
| TPS | 65000 | 1000 |
| Block time (secs) | 0.4 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.00025 | $0.08792 |
| Staking rewards (APR) | 7% | 14.5% |
High-level Comparisons
Is Solana faster than Polkadot?
Yes, Solana can process 65000 transactions per second. Polkadot only processes up to 1000.
Is Solana cheaper than Polkadot?
Yes, Solana has an average transaction fee of $0.00025, whereas Polkadot costs $0.08792.