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Solana’s 40,000 TPS Exposes Cardano’s Outdated Claims

source-logo  coinedition.com 05 October 2024 18:52, UTC

Solana’s transactions per second (TPS) have surged to 40,000 with the mainnet-beta launch of Frankendancer, a new validator client. This surge has ignited comparisons with Cardano, whose TPS currently sits at 1.3, according to data from its website.

Crypto analyst Marty Party brought this disparity to light in an X post, where he questioned Cardano’s claims of higher throughput. He urged the crypto community to consider switching from ADA to SOL, sparking a debate about the performance and potential of both blockchains.

#Solana current tps 40k on #Frankendancer going live on mainnet-beta

Meanwhile #Cardano doing 1.3 tps right now. And they updated their site with this blue bar notice says:

"Note that the numbers below are an average based on recent transactions on the network. Realistically,… pic.twitter.com/0wxVpkHiXt

— MartyParty (@martypartymusic) October 4, 2024

While Cardano’s website notes that its eUTXO model can theoretically handle hundreds of TPS, Marty Party argues the actual TPS is just 1.3. He suggests the blockchain network is misleading investors with unrealistic claims.

The analyst then went on to urge the crypto community to better switch from ADA to SOL, abandoning Cardano. Many of his followers expressed interest in converting their ADA to SOL, while another member of the crypto community suggested moving to Sui Network (SUI), an L1 blockchain.

Read also: Sui: The Next Solana? Grayscale’s Analysis Says Yes

CoinMarketCap data shows that over the past month, SUI gained 108.36%, SOL surged 8.66%, and ADA jumped 9.40%. SUI has clearly outperformed both altcoins and is on an uptrend.

SOL Price Shows Bullish Potential

SOL’s price is up 3.60% in the last 24 hours, trading at $144.12 at the time of writing. The trading volume of the digital asset is down 19.68%, but it remains the fifth-largest cryptocurrency with a market cap of $67.5 billion.

Read also: Solana Price Dips Below $142: Is This the Bottom for SOL?

The chart provided by TradingView suggests that while the bears and bulls are currently balanced, the trend indicates the potential for higher prices in the near future.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

coinedition.com