Solana vs XRP
Solana and XRP 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 | XRP | |
|---|---|---|
| Created by | Anatoly Yakovenko | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | SOL | XRP |
| Consensus algorithm | PoH | RPCA |
| Hashing algorithm | SHA-256 | RPCA |
| Supports EVM | No | No |
| TPS | 65000 | 1500 |
| Block time (secs) | 0.4 | 10 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.00025 | $0.0002 |
| Staking rewards (APR) | 7% | 3.03% |
High-level Comparisons
Is Solana faster than XRP?
Yes, Solana can process 65000 transactions per second. XRP only processes up to 1500.
Is Solana cheaper than XRP?
Yes, Solana has an average transaction fee of $0.00025, whereas XRP costs $0.0002.