LIVESolana proved itself once again as the fastest major blockchain by handling 91 million$SOL transactions in a single day. During the memecoin craze in April, it hit a record of 1,504 transactions per second, making it 46 times faster than Ethereum and five times faster than Polygon, which is known for scaling Ethereum. Despite being the fastest, Solana only used 1.6% of its maximum capacity of 65,000 transactions per second. This led to network congestion and raised questions about how quickly Solana could handle higher transaction volumes in the future. The second fastest blockchain mentioned is Sui, which reached 854 transactions per second in July 2023, driven by the popularity of the on-chain game Sui 8192. Other notable non-EVM blockchains include TON at 175 transactions per second, Near Protocol at 118 transactions per second, Aptos at 49 transactions per second, Starknet at 12 transactions per second, Bitcoin at 11 transactions per second, and Thorchain at 2 transactions per second. Non-EVM blockchains performed better than EVM-compatible ones, with an average speed of 284 transactions per second, compared to the average of 74$SOL transactions per second for the 17 largest EVM-based blockchains. Binance Smart Chain (BSC) reached 378 real transactions per second on December 7, 2023, becoming the fastest among EVM blockchains. Polygon, the leading Ethereum scaling solution, performed 8.4 times faster than Ethereum with 190 transactions per second.
