XRP vs Solana
XRP and Solana are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| XRP | Solana | |
|---|---|---|
| Created by | Jed McCaleb, Arthur Britto and David Schwartz | Anatoly Yakovenko |
| Native token | XRP | SOL |
| Consensus algorithm | RPCA | PoH |
| Hashing algorithm | RPCA | SHA-256 |
| Supports EVM | No | No |
| TPS | 1500 | 65000 |
| Block time (secs) | 10 | 0.4 |
| Layer | 1 | 1 |
| Supports smart contracts | No | Yes |
| Average transaction fee | $0.0002 | $0.00025 |
| Staking rewards (APR) | 3.03% | 7% |
High-level Comparisons
Is XRP faster than Solana?
No, XRP only processes 1500 transactions per second. Solana processes up to 65000.
Is XRP cheaper than Solana?
No, XRP has an average transaction fee of $0.0002, whereas Solana costs $0.00025.