Algorand has 10x Solana’s Smart Contract Throughput

  1. Algorand can do 2881 AMM-style swaps per second.
  2. This is 10 times that of Solana and more for other L1 platforms.
  3. This means that Algorand has access to an unparalleled level of scalability, speed, and decentralization.

One of the crypto personalities on Reddit claims that the Algorand ecosystem now has more than ten times the number of smart contracts throughput than Solana and any other prominent L1 platform. It is important to note that at press time, it has been proved that Algorand can do 2881 AMM-style swaps per second.

This statistic takes into consideration Ethereum (ETH), Binance Smart Chain (BSC), Avalanche (AVAX), Polygon (MATIC), CELO, and Ethereum (ETH).

r/CryptoCurrency - Algorand now has > 10x the smart contract throughput than Solana and any other top L1 (SOL, BSC, AVAX, MATIC, CELO, ETH included)

However, the Reddit author made a post about Algorand’s ability to perform these AMM-style swaps which were estimated using the assumption that an AMM swap would require four TXNS per swap. 

This estimation came out to about 1625 swaps per second. According to him, this was very impressive at the time because the next fastest chain was Solana capped at being able to do 273 swaps per second.

The authors of the medium article linked in his original post tested the smart contract throughput of some of the top smart contract platforms empirically, and they found that these chains have the following AMM-swap TPS limits:

  • Solana Mainnet Orca – 273 swaps
  • BSC Pancakeswap – 195 swaps
  • Polygon Quickswap – 95 swaps
  • Avax Trader Joe – 176 swaps
  • Celo Ubeswap – 50 swaps
  • Ethereum Uniswap v2 – 18 swaps

According to experts, this means that applications and users on the Algorand network have access to an unparalleled level of scalability, speed, and transaction finality, while also taking advantage of the security and decentralization of a Layer 1 blockchain.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer