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Solana

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/solana-dominates-blockchain-speed-charts" rel="noopener noreferrer nofollow">Solana Dominates Blockchain Speed Charts</a><br></p>
<p style="text-align: justify">Interest in cryptocurrencies extends beyond mere price speculation, with network speed being a highly discussed topic. The Bitcoin network’s slow and costly operations have driven <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a> to explore alternatives, and a similar scenario has been observed with Ethereum concerning altcoins. Solana emerged to address these issues and earned the nickname “Ethereum killer.” But has Solana lived up to its promise?</p>
<h2 id="solana-s-performance-metrics">Solana’s Performance Metrics</h2>
<p style="text-align: justify">In an era where speed is paramount, Solana (SOL) continues to excel, ranking high on CoinGecko’s list of fastest blockchains. Despite its moniker as an Ethereum killer, recent CoinGecko <a href="https://newslinker.co/" rel="noopener noreferrer nofollow" target="_blank">data reveals</a> that Solana is astonishingly 46 times faster than Ethereum. This speed advantage places Solana at the top in terms of market size analysis.</p>
<p style="text-align: justify">However, despite these impressive stats, Solana has only achieved 1.6% of its theoretical maximum efficiency. The daily average transactions per second (TPS) for Solana peaked at 1,504 during a <a href="https://en.bitcoinhaber.net/memecoin-market-faces-severe-decline-as-geopolitical-tensions-rattle-investors" rel="noopener noreferrer nofollow">memecoin</a> frenzy, a notable record. This performance makes Solana five times faster than Polygon, the leading Ethereum scaling solution.</p>
<h2 id="efficiency-comparison">Efficiency Comparison</h2>
<p style="text-align: justify">CoinGecko’s data indicates that Solana’s highest efficiency is 1,053.7 TPS, substantially outpacing Ethereum’s 22.70 TPS. In contrast, Ethereum and the top 10 layer-2 scaling solutions combined achieve 500 TPS. Although these figures surpass Binance Smart Chain (BSC), they still lag behind Solana and another competitor, Sui.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<p style="text-align: justify">Based on the gathered data, here are some actionable insights:</p>
<ul>
 <li>Solana’s speed significantly outstrips that of its main competitors, making it a viable option for high-volume transactions.</li>
 <li>Despite its rapid transactions, Solana has room for efficiency improvements, signifying potential future upgrades.</li>
 <li>Investors should monitor the TPS metrics closely as they reflect the network’s operational capability.</li>
</ul>
<p style="text-align: justify">Solana’s Market Value</p>
<p style="text-align: justify">As of this writing, Solana is valued at $172, after a 2% increase in the past 24 hours. The market capitalization of SOL has climbed to 77 billion dollars, nearing the critical 100 billion dollar threshold. However, a noticeable decrease in the 24-hour trading volume, which fell by 25.5% to 2.5 billion dollars, suggests waning investor interest.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/solana-dominates-blockchain-speed-charts" rel="noopener noreferrer nofollow">Solana Dominates Blockchain Speed Charts</a></h5>

Solana Dominates Blockchain Speed Charts

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