Ranked as the Fastest Blockchain on CoinGecko, Beating #Ethereum at 46X Speed.
Smart contract platform Solana is moving up CoinGecko's fastest blockchain list.
According to a new post from CoinGecko, Solana is a staggering 46x faster than its rival #Ethereum . This makes it the fastest major blockchain on the market.
*“Solana has proven to be the fastest among major blockchains, reaching an average daily transaction speed of 1,500 on April 6th during the #meme coin craze.”
Discover Solana's remarkable speed and impact on the blockchain ecosystem in our detailed analysis.
Solana's performance metrics are impressive, with a peak capacity of 1,500 transactions per second (TPS), significantly outpacing Ethereum's 15 TPS. This comparison highlights Solana's advanced technology and potential for scalability with global transaction volumes.
Despite its high transaction speed, #Solana achieved only 1.6% of its theoretical maximum speed of 65,000 TPS. This difference indicates areas of potential growth and the need for further optimization to reach its full capacity.
Following the release of these statistics, Solana has seen an 8% increase in its market price and is trading at $180. This market reaction underscores investors' confidence in Solana's technology and its future in the crypto market.
Solana's transaction speed analysis not only positions it as a leader among blockchain technologies, but also highlights the need to evolve to reach its full potential. As the blockchain landscape evolves, Solana's innovations could set new standards for speed and efficiency in the industry.
