Solana vs Polygon
Solana and Polygon 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 | Polygon | |
|---|---|---|
| Created by | Anatoly Yakovenko | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic |
| Native token | SOL | MATIC |
| Consensus algorithm | PoH | PoS |
| Hashing algorithm | SHA-256 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 65000 | 7000 |
| Block time (secs) | 0.4 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.00025 | $0.018 |
| Staking rewards (APR) | 7% | 4.78% |
High-level Comparisons
Is Solana faster than Polygon?
Yes, Solana can process 65000 transactions per second. Polygon only processes up to 7000.
Is Solana cheaper than Polygon?
Yes, Solana has an average transaction fee of $0.00025, whereas Polygon costs $0.018.