Solana is a high-performance blockchain known for its fast transaction speeds and low fees, making it a strong competitor to Ethereum. Launched in 2020 by Anatoly Yakovenko, Solana uses a unique combination of Proof of Stake (PoS) and a novel concept called Proof of History (PoH) to process thousands of transactions per second.

Capable of handling 65,000+ transactions per second.

Average transaction costs are often less than $0.001.