Solana Leads the Blockchain Technology Race
Solana has become a leader in the blockchain technology competition, with its daily average transactions per second (TPS) exceeding traditional giants such as Ethereum and Bitcoin, demonstrating its technological advantages and growing prominence in the cryptocurrency field.
Solana’s daily average TPS is 1,053, far exceeding Ethereum’s 22.8 TPS and Bitcoin’s 10.7 TPS, demonstrating its excellent efficiency and scalability. This significant lead makes Solana the fastest blockchain network currently available, setting a new standard for industry transaction processing speed.
Solana's Latest Progress and Competitive Advantages
Solana recently reaffirmed its position as a leader in blockchain technology after resolving network congestion issues. In April, the Solana network experienced a series of congestion issues that caused the value of SOL to drop from nearly $200 to below $150. In order to resolve these issues, the Solana team quickly rolled out several updates.
Solana Beats Ethereum and Its L2 Solution Polygon
Solana has firmly established its position as the fastest blockchain, according to new analysis from CoinGecko. On April 6, Solana set a staggering average of 1,504 transactions per second (TPS). This achievement puts Solana well ahead of Ethereum (22.8 TPS) and the fastest Ethereum scaling solution, Polygon (190 TPS). While this is impressive, Solana has only reached 1.6% of its theoretical maximum speed of 65,000 TPS.
Other competitors
Sui is the second fastest blockchain with a peak speed of 854 TPS, mainly due to the popularity of the on-chain game Sui 8192. Other competitors include Sui, BSC, Polygon, and TON, with peak speeds of 378 TPS, 190 TPS, and 175 TPS, respectively.
Meme craze drives technological progress
Solana’s speed surge was fueled in part by the memecoin craze that swept the network in April, which demonstrated its ability to handle a large number of transactions. This performance solidified Solana’s position as a leader in the blockchain industry and highlighted its potential for continued growth and innovation.
Solana not only excels in processing transaction speed, but also further consolidates its market position through continuous technological advancement and innovation. Over time, Solana is expected to continue to lead the development of blockchain technology and achieve higher transaction speeds and wider applications in the future.
Solana’s Success and Innovative Architecture
Solana's success is not only reflected in its amazing transaction speed, but also due to its innovative blockchain architecture. The platform uses unique technologies, including the Proof of History (PoH) timestamp mechanism, the efficient block propagation protocol Turbine, and parallel transaction processing capabilities. These technologies enable Solana to achieve unparalleled speed and efficiency, making it the first choice for developers and users.
Superior performance for non-EVM blockchains
The analysis shows that the average speed of non-EVM blockchains is almost four times that of EVM-compatible chains. The average peak TPS of the eight non-EVM networks is 284. The report points out that almost all leading blockchains have set new records for real transactions per second (TPS) in the past year, and 24 of the 25 platforms have reached peak TPS levels during this period.
Meme coin craze and technological progress
The surge in blockchain activity has been significantly fueled by increased interest in meme coins and inscription-based transactions. Platforms such as Solana and Sui continue to push the limits of transaction speed during this craze, demonstrating their ability to handle large volumes of transactions and their potential for continued innovation.
in conclusion
Solana not only leads in speed and efficiency through its innovative technology and architecture, but also consolidates its market position through continuous technological advancement. As blockchain technology continues to develop, Solana is expected to continue to lead the industry, providing higher transaction speeds and more application scenarios.
