|Created by||Anatoly Yakovenko||Gavin Wood, Robert Habermeier and Peter Czaban|
|Block time (secs)||0.4||6|
|Supports smart contracts||Yes||Yes|
|Average transaction fee||$0.00025||$0.08792|
|Staking rewards (APR)||7%||14.5%|
Table of Contents
Is Solana faster than Polkadot?
Yes, Solana processes 65000 transactions per second, whereas Polkadot only processes 1000.
Is Solana cheaper than Polkadot?
Yes, Solana has an average transaction fee of $0.00025, whereas Polkadot costs $0.08792.