Solana proved to be the quickest amongst main blockchains, in response to a report by CoinGecko.
The report states that on April 6, the common every day variety of transactions per second (TPS) reached a report excessive of 1,504 amid the growth of meme cash on Solana.
“This makes Solana 46 instances sooner than Ethereum and greater than 5 instances sooner than Polygon, which has the very best TPS amongst Ethereum scaling options.”
CoinGecko report
Regardless of being thought of the quickest blockchain, Solana solely achieved 1.6% of its theoretical most pace of 65,000 TPS.
BNB Chain and Polygon are the quickest EVM blockchains, with 378 TPS and 190 TPS, respectively. The latter is 8.4 instances sooner than Ethereum, whose pace reaches 22.7 transactions per second.
Virtually all TPS information have been set within the final 12 months. Twelve networks peaked in 2023 and one other 12 in 2024. The exception is the slowest on the listing, Thorchain, whose pace peaked in 2022. CoinGecko claims the indications present a rise in exercise on the on-chain, pushed by inscriptions and hypothesis on meme cash.
Nonetheless, Solana’s pace didn’t shield the community from the expansion of rip-off tokens. A cryptocurrency detective beneath the pseudonym ZachXBT recognized 12 meme coin tasks issued on the Solana blockchain, which have been deserted by the founders nearly instantly after the preliminary sale of property. 27 meme coin tasks primarily based on Solana attracted about $112 million in investor property.