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
WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the keyWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
Author  FXStreet
14 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
placeholder
Bitcoin network activity hits new high despite stalled prices — CryptoQuantBitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.
Author  FXStreet
14 hours ago
Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.
placeholder
WTI falls to near $75.00 as shipping conditions improve in HormuzWest Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.
Author  FXStreet
20 hours ago
West Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.
placeholder
Gold Price Forecast: Hawkish Fed Triggers Gold Plunge, Can US-Iran Agreement Push Gold Past $4,360?During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov
Author  TradingKey
Yesterday 10: 18
During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov
placeholder
Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetiteBitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
Author  FXStreet
Yesterday 09: 15
Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
Related Instrument
goTop
quote