Solana proved to be the quickest amongst main blockchains, in keeping with a report by CoinGecko.
The report states that on April 6, the common day by day variety of transactions per second (TPS) reached a file excessive of 1,504 amid the increase of meme cash on Solana.
“This makes Solana 46 instances quicker than Ethereum and greater than 5 instances quicker than Polygon, which has the very best TPS amongst Ethereum scaling options.”
CoinGecko report
Regardless of being thought-about the quickest blockchain, Solana solely achieved 1.6% of its theoretical most velocity 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 quicker than Ethereum, whose velocity reaches 22.7 transactions per second.
Virtually all TPS data 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 checklist, Thorchain, whose velocity peaked in 2022. CoinGecko claims the symptoms present a rise in exercise on the on-chain, pushed by inscriptions and hypothesis on meme coins.
Nevertheless, Solana’s velocity didn’t shield the community from the expansion of rip-off tokens. A cryptocurrency detective below the pseudonym ZachXBT identified 12 meme coin initiatives issued on the Solana blockchain, which have been deserted by the founders nearly instantly after the preliminary sale of belongings. 27 meme coin initiatives based mostly on Solana attracted about $112 million in investor belongings.
