What Are the Key Differences Between SOL and Its Competitors in 2025?
SOL outperforms competitors with 65,000 TPS and $10 billion TVL
Solana's impressive performance metrics have positioned it as a formidable competitor in the blockchain space. With a theoretical capacity of 65,000 transactions per second (TPS), Solana outpaces many other networks in terms of speed and scalability. This high throughput is complemented by Solana's low transaction fees, averaging just $0.00025 per transaction in Q1 2025. The network's efficiency has attracted significant interest, reflected in its Total Value Locked (TVL) of $10 billion.
To illustrate Solana's competitive edge, consider the following comparison:
| Metric | Solana | Other Major Networks |
|---|---|---|
| TPS | 65,000 | 26-1,500 |
| Avg. Fee | $0.00025 | $1.17-5.00 |
| TVL | $10 billion | $5-100 billion |
Solana's performance has translated into real-world adoption, particularly in decentralized finance (DeFi) and decentralized exchanges (DEXs). In October 2025, Solana's 24-hour DEX volume reached $5.84 billion, surpassing that of larger networks. This growth is further evidenced by Solana's market position, ranking 6th with a market capitalization of $99.3 billion as of October 2025. The network's rapid transaction processing and low fees have made it especially attractive for DeFi applications, NFT marketplaces, and gaming platforms that require instant responsiveness.
Unique proof-of-history consensus gives SOL 400ms block times
Solana's innovative Proof-of-History (PoH) consensus mechanism sets it apart in the blockchain space, enabling remarkably fast block times of approximately 400 milliseconds. This unique approach combines PoH with Proof-of-Stake (PoS) to achieve high-speed, scalable transactions without compromising security or decentralization. The PoH mechanism acts as a cryptographic timestamp, efficiently ordering transactions before they are validated. This novel design allows Solana to process over 65,000 transactions per second, making it one of the fastest blockchain networks available. To illustrate the performance advantage, let's compare Solana's block time with other prominent blockchains:
| Blockchain | Block Time |
|---|---|
| Solana | 400 ms |
| Ethereum | 12-14 s |
| Bitcoin | 10 min |
The significantly shorter block time contributes to Solana's high throughput and low transaction fees, addressing key scalability challenges faced by older blockchain platforms. This technological edge has attracted considerable attention from investors and developers, particularly in Latvia and other regions recognizing the value of fast, cost-effective blockchain solutions for various applications.
SOL's market share grows 20% amid declining transaction fees
Solana's market share has experienced a significant 20% growth, despite the ongoing trend of declining transaction fees in the blockchain industry. This remarkable expansion comes at a time when the cryptocurrency market faces various challenges, including macroeconomic uncertainties and trade tensions. The price of SOL, Solana's native token, has shown notable volatility during this period, reflecting the dynamic nature of the crypto market.
To better understand Solana's performance in comparison to other major cryptocurrencies, let's examine the following data:
| Metric | Solana (SOL) | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|---|
| Market Share | 2.92% | 47.86% | 18.24% |
| 24h Change | -7.09% | -1.23% | -2.15% |
| 7d Change | -17.58% | -3.45% | -6.78% |
| Current Price | $181.59 | $28,345 | $1,587 |
Despite the recent price fluctuations, Solana's growing market share indicates increasing adoption and confidence in its ecosystem. This growth can be attributed to several factors, including Solana's high-performance blockchain protocol, which offers scalability without compromising decentralization or security. The platform's ability to handle a high volume of transactions at lower costs has attracted developers and users alike, contributing to its expanding market presence.
The declining transaction fees across the blockchain industry have created a more competitive environment. However, Solana's unique positioning as a fast and cost-effective network has allowed it to capitalize on this trend, potentially drawing users from other platforms seeking more efficient alternatives.