The Polygon blockchain is the next generation of blockchain technology. It's a distributed ledger that allows for multiple data inputs and outputs per transaction. This gives Polygon the ability to process any type of data in a highly efficient manner. This, in turn, delivers a truly decentralized system that can be used in many different applications, namely financial transactions and data storage.

Polygon

Solana is a blockchain technology that is being developed by scientists and technologists at the National Renewable Energy Laboratory. The Solana blockchain is designed to facilitate transactions of high volumes of data in a fast and secure way. This could have implications in many industries, including finance, information technology, health care and the internet of things (IOT).

	Polygon	Solana
Created by	Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic	Anatoly Yakovenko
Native token	MATIC	SOL
Consensus algorithm	PoS	PoH
Hashing algorithm	KECCAK-256	SHA-256
Supports EVM	Yes	No
TPS	7000	65000
Block time (secs)	2	0.4
Layer	2	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.018	$0.00025
Staking rewards (APR)	4.78%	7%

Polygon vs. Solana

Overview

Table of Contents

Comparison

Is Polygon faster than Solana?

Is Polygon cheaper than Solana?