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The Fastest Blockchain: Processing 91M Transactions in a Single Day

The blockchain world has witnessed an astonishing feat. The fastest blockchain, Solana, processed an incredible 91 million transactions in a single day. This achievement highlights the growing demand and scalability needs for blockchain networks. 

However, this surge in transactions led to network congestion on Solana. It remains uncertain how quickly Solana can record even higher real transactions per second (TPS) after its upcoming upgrades. 

Illustration of blockchain transactions
Source: https://www.cryptopolitan.com/kaspa-kas-sets-become-the-fastest-blockchain/

Non-EVM Blockchains Almost 4X Faster Than EVMs on Average 

Interestingly, non-EVM (Ethereum Virtual Machine) blockchains have demonstrated significantly faster processing speeds compared to EVM blockchains. The average peak TPS of 8 major non-EVM blockchains is 284. In contrast, the 17 largest EVM and EVM-compatible blockchains averaged just 74 TPS. This means non-EVM blockchains are almost 4 times faster on average. 

The second-fastest blockchain is Sui, another non-EVM chain. It recorded its highest real TPS of 854 in July 2023 when the onchain game Sui 8192 gained popularity. 

Other non-EVM blockchains also exhibit impressive speeds, such as TON with 175 TPS and Near Protocol with 118 TPS. However, some non-EVMs like Aptos (49 TPS), Starknet (12 TPS), Bitcoin (11 TPS), and Thorchain (2 TPS) have relatively lower processing speeds. 

BSC & Polygon Lead as Fastest EVM Blockchains 

Among EVM blockchains, BNB Smart Chain (BSC) is the fastest. It achieved 378 real TPS on December 7, 2023, during the inscriptions-driven surge in onchain activity. Despite being third overall, BSC’s speed is less than half of Sui’s. 

Similarly, the inscriptions craze allowed Polygon to record 190 real TPS on November 16, 2023. Polygon is currently the fastest among major Ethereum scaling solutions. It’s 8.4 times faster than Ethereum itself, which has a real TPS of only 23. 

However, individual Ethereum scaling solutions have not surpassed other layer 1 blockchains in processing speed yet. This might stem from the lower number of on-chain transactions on these scaling solutions, leading to slower TPS rates. 

Collectively, Ethereum and its ten largest scaling solutions registered a total real TPS of 500. This combined processing speed is ahead of BSC but still slower than Solana and Sui. 

Besides Polygon, the four other scaling solutions faster than Ethereum are Arbitrum (59 TPS), Linea (56 TPS), Base (37 TPS), and Mantle (25 TPS). 

Rank Blockchain Highest TPS
1. Solana 1,053.65
2. Sui 854.05
3. BSC 378.27
4. Polygon 190.39
5. Polygon 190.39
6. TON 175.46
7. Tron 159.61
8. Tron 159.61
9. Avalanche 89.16
10. Cronos 72.19
11. Gnosis 65.57
12. Arbitrum 58.97
13. Linea 55.70
14. Aptos 49.48
15. Mantle 25.47
16. Ethereum 22.70
17. Optimism 11.79
18. Bitcoin 10.73
19. Blast 9.90

Notably, 24 out of the 25 blockchains studied experienced their highest real TPS within the last year. This ranges from Tron on June 12, 2023, to zkLink Nova most recently on May 13, 2024. Twelve chains recorded their peak in 2023, and another twelve in 2024. 

Thorchain is the only exception, achieving its highest real TPS in May 2022. This trend points to increasing onchain activity and higher TPS levels in recent months, driven by factors like inscriptions and memecoin speculation. 

The study examined the largest blockchains ranked by their all-time highest daily average TPS. Solana leads with 1,053.65 TPS, followed by Sui, BSC, Polygon, and TON in the top 5. 

As blockchain adoption grows, the need for scalable and high-throughput networks becomes crucial. While Solana has demonstrated remarkable processing power, the race for faster blockchains continues, with non-EVM chains currently leading the pack. 

May 19, 2024 at 04:00 pm

Updated May 19, 2024 at 04:00 pm


Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)


Blockchain is a distributed ledger technology ensuring secure and tamper-proof transactions, shared across a network.

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Blockchains record cryptocurrency transactions like Bitcoin securely and transparently.

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