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).

Solana

Arbitrum Blockchain is a public, permissionless blockchain that provides a foundation for developers to build, deploy, and integrate decentralized applications (DApps). Arbitrum is a product of the Arbitrum Foundation, a non-profit organization based in Switzerland. The Arbitrum Foundation is funded by the community through an initial coin offering (ICO).

	Solana	Arbitrum
Created by	Anatoly Yakovenko	Germans Gedgauds
Native token	SOL	ETH
Consensus algorithm	PoH	PoS
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	65000	4000
Block time (secs)	0.4	13
Layer	1	2
Supports smart contracts	Yes	Yes
Average transaction fee	$0.00025	$0.101
Staking rewards (APR)	7%	%

Solana vs. Arbitrum

Overview

Table of Contents

Comparison

Is Solana faster than Arbitrum?

Is Solana cheaper than Arbitrum?