Ethereum vs. Solana

In this article we'll compare Ethereum and Solana. This is an indepth review that considers many metrics.

Overview

EthereumSolana
Created byVitalik ButerinAnatoly Yakovenko
Native tokenETHSOL
Consensus algorithmPoSPoH
Hashing algorithmKECCAK-256SHA-256
Supports EVMYesNo
TPS2765000
Block time (secs)120.4
Layer11
Supports smart contractsYesYes
Average transaction fee$17.48$0.00025
Staking rewards (APR)3.31%7%

Table of Contents

  1. Is Ethereum faster than Solana?
  2. Is Ethereum cheaper than Solana?

Comparison

Is Ethereum faster than Solana?

No, Ethereum processes 27 transactions per second and Solana processes 65000.

Is Ethereum cheaper than Solana?

No, Ethereum has an average transaction fee of $17.48, whereas Solana costs $0.00025.