Solana vs. XRP
In this article we'll compare Solana and XRP. This is an indepth review that considers many metrics.
Overview
| Solana | XRP | |
|---|---|---|
| Created by | Anatoly Yakovenko | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | SOL | XRP |
| Consensus algorithm | PoH | RPCA |
| Hashing algorithm | SHA-256 | RPCA |
| Supports EVM | No | No |
| TPS | 65000 | 1500 |
| Block time (secs) | 0.4 | 10 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.00025 | $0.0002 |
| Staking rewards (APR) | 7% | 3.03% |
Table of Contents
Comparison
Is Solana faster than XRP?
Yes, Solana processes 65000 transactions per second, whereas XRP only processes 1500.
Is Solana cheaper than XRP?
Yes, Solana has an average transaction fee of $0.00025, whereas XRP costs $0.0002.