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

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.

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

Solana vs. Polygon

Overview

Table of Contents

Comparison

Is Solana faster than Polygon?

Is Solana cheaper than Polygon?