๐Ÿ“Š Solana tops as fastest blockchain amid meme coin craze!

๐Ÿ’ฒ Solana has emerged as the fastest major blockchain, according to CoinGecko. On April 6, it hit a record high of 1,504 transactions per second (TPS) due to the ๐Ÿ™€ meme coin boom.

Key points of report:

๐Ÿ”น Solana is 46 times faster than Ethereum and over 5 times faster than Polygon.

๐Ÿ”น Despite its speed, Solana only reached 1.6% of its theoretical max of 65,000 TPS.

๐Ÿ”น BNB Chain and Polygon are the fastest EVM blockchains, with 378 TPS and 190 TPS, respectively.

๐Ÿ”น Ethereum clocks in at 22.7 TPS.

๐Ÿ’ฏ Most TPS records were set in the last 12 months, with 12 networks peaking in 2023 and another 12 in 2024, indicating a surge in on-chain activity driven by meme coin speculation.