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
Gold Price Forecast: U.S.-Iran Negotiations Face Uncertainties, Gold May Fall Below $4,400During the Asian session on May 26, gold prices ( XAUUSD) weakened under pressure after briefly touching the $4,580 resistance level, maintaining a weak trend intraday and potentially ent
Author  TradingKey
8 hours ago
During the Asian session on May 26, gold prices ( XAUUSD) weakened under pressure after briefly touching the $4,580 resistance level, maintaining a weak trend intraday and potentially ent
placeholder
Gold edges higher above $4,550 on US-Iran peace optimism Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD). 
Author  FXStreet
15 hours ago
Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD). 
placeholder
Forex Today: Risk flows dominate markets on US-Iran deal hopesHere is what you need to know on Monday, May 25:
Author  FXStreet
Yesterday 09: 45
Here is what you need to know on Monday, May 25:
placeholder
Silver Price Forecast: XAG/USD holds gains near $78.50 on US-Iran deal optimismSilver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Author  FXStreet
Yesterday 01: 26
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
placeholder
Gold Price Forecast: XAU/USD keeps looking for direction above $4,500Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Author  FXStreet
May 22, Fri
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Related Instrument
goTop
quote