Solana, Sui and Binance Smart Chain rank in top 3 fastest blockchains

Source Fxstreet
  • Solana, Sui and Binance Smart Chain have recorded the highest real transactions per second among blockchain networks. 
  • Solana ranks first with 1,053 daily average TPS per the CoinGecko report. 
  • Ethereum ranks in the top 20, with lower TPS than Layer 2 chains and most Layer 1 competitors. 

Crypto data tracker CoinGecko evaluated and ranked blockchains on the volume of transactions they can process. The crypto data aggregator identified the top 30 blockchain networks by total value of assets locked (TVL) and identified the maximum number of transactions processed by the network in the past year to rank them in the list. 

Ethereum’s Layer 1 competitors and Layer 2 chains rank in the top 20 blockchains. 

Solana, Sui and Binance Smart Chain lead the way in TPS

Blockchains can be compared for the total value of assets locked or user activity. However, comparing the volume of transactions per second (TPS) offers insight into the utility metrics of a blockchain. Higher TPS implies faster transaction processing and that the blockchain can handle a larger number of active users compared to its competitors, meaning higher adoption is likely. 

CoinGecko’s report on blockchains shows that the fastest blockchain, Solana, scored 1,053 daily average TPS in 2024. This is 1.6% of the chain’s theoretical speed of 65,000 TPS. Other Layer 1 chains, Sui and Binance Smart Chain processed 854.1 and 378.3 TPS, respectively. 

Blockchain

Fastest blockchains by daily average TPS

Ethereum ranks seventeenth in the list of blockchain networks, below most of its Layer 1 competitors and Layer 2 chains. Bitcoin failed to rank in the top 20 chains, the network processes 10.7 daily average transactions per second, ranking in the bottom 10, per the report. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
New Fed Chair to Cut Forward Guidance? Warsh Rejects Dot-Plot Expectations, Bullish or Bearish for Bitcoin? If Warsh rejects dot plot projections, it could suppress institutional capital and weaken market risk appetite in the short term, but is a long-term positive for Bitcoin.On June 17, Asian
Author  TradingKey
10 hours ago
If Warsh rejects dot plot projections, it could suppress institutional capital and weaken market risk appetite in the short term, but is a long-term positive for Bitcoin.On June 17, Asian
placeholder
Three Major International Investment Banks Bearish on Oil Outlook, Citi Expects Brent to Fall to $70. Crude Oil Prices Fall for Four Straight Days to Levels at Start of US-Iraq War.On June 16, after US President Donald Trump sent consecutive signals of geopolitical easing, the two major crude oil benchmarks extended their recent declines and are poised to return to
Author  TradingKey
18 hours ago
On June 16, after US President Donald Trump sent consecutive signals of geopolitical easing, the two major crude oil benchmarks extended their recent declines and are poised to return to
placeholder
Japanese Yen hangs near intervention zone despite BoJ rate hike, ahead of FOMCThe USD/JPY pair ticks lower during the Asian session on Wednesday, though it remains within striking distance of the highest level since late April, touched last week.
Author  FXStreet
18 hours ago
The USD/JPY pair ticks lower during the Asian session on Wednesday, though it remains within striking distance of the highest level since late April, touched last week.
placeholder
Has Gold Hit Bottom? Barclays, Citi Both Bullish on Gold, Gold Price Will Return to $5,000 Next Year.Since 2026, gold has erased almost all of its gains and has fallen more than 20% from its record high of $5,595 set at the end of January. Has gold bottomed out? Is now the time to add to
Author  TradingKey
Yesterday 10: 30
Since 2026, gold has erased almost all of its gains and has fallen more than 20% from its record high of $5,595 set at the end of January. Has gold bottomed out? Is now the time to add to
placeholder
WTI hovers around $80.00 as traders await developments on US-Iran peace talksWest Texas Intermediate (WTI) oil price inches higher after registering 3.7% losses in the previous day, trading around $80.10 per barrel during the Asian hours on Tuesday.
Author  FXStreet
Yesterday 01: 19
West Texas Intermediate (WTI) oil price inches higher after registering 3.7% losses in the previous day, trading around $80.10 per barrel during the Asian hours on Tuesday.
Related Instrument
goTop
quote