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.

The 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. As an example, the average transaction charge on the network hovers around $1.80. Even after a loss of almost 58% in this year’s revenue. The average gas fee per transaction is $22