Introduction
Understanding a cryptocurrency's Transactions Per Second (TPS) is crucial for evaluating its scalability, efficiency, and real-world usability. This guide explores the actual and theoretical TPS of the top 50 cryptocurrencies (as of October 2023), highlighting their strengths and limitations.
TPS Comparison Table
| Rank | Name | Actual TPS | Theoretical TPS |
|------|---------------------|------------|------------------|
| 1 | Bitcoin (BTC) | 7 | 7 |
| 2 | Ethereum (ETH) | 10 | 15 |
| 3 | Tether (USDT) | Multichain | N/A |
| 4 | BNB (BNB) | 43 | 2,200 |
| 5 | XRP (XRP) | 12 | 3,400 |
| 6 | USD Coin (USDC) | Multichain | N/A |
| 7 | Cardano (ADA) | 7 | 250 |
| 8 | Dogecoin (DOGE) | 1 | 33 |
| 9 | Toncoin (TON) | 6 | 3 million |
| 10 | Solana (SOL) | 4,300 | 65,000 |
(Table continues for remaining cryptocurrencies; select highlights shown above.)
Key Insights
High-Performance Blockchains:
- Solana (SOL) leads with 4,300 actual TPS, nearing its theoretical capacity of 65,000.
- Toncoin (TON) boasts a 3 million theoretical TPS, though its current usage is modest.
Established but Slow Networks:
- Bitcoin (BTC) and Ethereum (ETH) prioritize decentralization over speed, with single-digit TPS.
- Layer-2 solutions (e.g., Polygon (MATIC)) enhance Ethereum’s scalability.
Stablecoins and Multichain Assets:
- USDT, USDC, and DAI operate across multiple chains, making TPS variable by platform.
👉 Explore real-time TPS metrics for deeper analysis.
FAQ
Q: Why does Bitcoin have such low TPS?
A: Bitcoin’s 7 TPS is intentional to maintain security and decentralization. Lightning Network improves off-chain speed.
Q: Which cryptocurrency is fastest?
A: Solana (4,300 TPS) and Toncoin (3M theoretical TPS) currently lead in scalability.
Q: How does TPS affect transaction fees?
A: Higher TPS often correlates with lower fees (e.g., Solana vs. Ethereum).
👉 Compare fees across networks to optimize your transactions.
Conclusion
While theoretical TPS showcases potential, actual TPS reflects real-world constraints like network congestion and adoption. For traders and developers, balancing speed, security, and cost is key. Stay updated as Layer-2 solutions and sharding technologies evolve!