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

  1. Metrics
  2. Comparison

Comparing Metrics

Created byAnatoly YakovenkoGavin Wood, Robert Habermeier and Peter Czaban
Native tokenSOLDOT
Consensus algorithmPoHPoS
Hashing algorithmSHA-256BLAKE2
Supports EVMNoNo
Block time (secs)0.46
Supports smart contractsYesYes
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.