This is a decentralized, highly-scalable blockchain that uses a novel method for ordering transactions. It has been processing more than 2,500 transactions per seconds and it continues to grow. The blockchain claims it can process up to 50,000 transactions per second.

Power of Solana’s cheap transactions is felt when it’s time to pay transaction fees, with users being able to move funds on the network for a fraction of a cent. The average transaction cost on the network, however, is $1.80. Even though the year ended with a drop of nearly 58%. On average, gasoline fees are $22 or more per transaction.