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Cardano Ecosystem

The Market Periodical

10/07/2024

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Crypto Analyst Ignited Solana Vs Cardano Debate On Social Media With TPS Claims

Crypto analyst Marty Party initiated the Solana Vs Cardano debate on X. The analyst compared the transaction per second (TPS) metric of both blockchain networks. Marty Party said that the Cardano network has...

Crypto Analyst Ignited Solana Vs Cardano Debate On Social Media With TPS Claims

Solana VS Cardano

  • Crypto analyst Marty Party initiated the Solana Vs Cardano debate on X.
  • The analyst compared the transaction per second (TPS) metric of both blockchain networks.
  • Marty Party said that the Cardano network has made unrealistic TPS claims to mislead users.

Solana (SOL) and Cardano (ADA) are well-known contributors to the decentralized finance (DeFi) ecosystem. Debates over the superiority of these two blockchain platforms are common in the evolving crypto world.  

Crypto analyst Marty Party recently reignited one such debate for Solana vs Cardano. The analyst spoke about the transaction per speed (TPS) of both blockchain networks. Marty Party criticized Cardano for allegedly misleading investors with its TPS claims. 

The crypto analyst’s TPS remarks on Solana Vs Cardano sparked a debate on social media. This debate has driven growing community buzz online.

Transaction Per Second (TPS) Claims Of Solana And Cardano

Recently, crypto analyst Marty Party shared a post on X to highlight the disparity in the transaction speeds of Solana and Cardano. Marty said that Solana’s TPS surged to an impressive 40,000 with the launch of a new validator client named Frankendancer. 

On the other hand, Cardano’s current TPS stands at approximately 1.3. However, its extended UTXO (eUTXO) model theoretically supports hundreds of TPS. Marty Party also added that the Cardano network is misleading investors with unrealistic TPS claims.

He even suggested crypto investors to switch from Cardano to the Solana network. Now, his comments have ignited a debate regarding the performance of both blockchain networks. 

A few crypto investors said they may consider converting their ADA to SOL. Then, others suggested moving to Sui Network (SUI). SUI has outperformed both tokens as its price gained 117% within 30 days. 

Solana Vs Cardano
Cardano Vs Solana | Source: YouTube

Growth Of Solana And Cardano Tokens 

SOL surged 9.5%, and ADA jumped 7.4% within 30 days. Solana network has experienced significant growth in active daily addresses, hitting a record of 5.5 million in September 2024. 

This growth is partly attributed to strategic partnerships, including the collaboration with Google Cloud to launch a Web3 API service named Gameshift. 

On the other hand, Cardano is known for its systematic and research-backed approach to blockchain development. The network has maintained perfect uptime since its inception. Cardano’s eUTXO model is currently operating at a lower rate, which has been a point of contention in the debate.

The Broader Implications

The recent debate on the TPS of Solana and Cardano underscores the ongoing competition between these blockchain platforms. Each decentralized network has its unique strengths and community support. 

Solana’s high TPS makes it an attractive option for those prioritizing speed and scalability. In contrast, Cardano’s stability appeals to those who value security. Many users prefer the Cardano network for its methodical development approach. 

Disclaimer

Crypto investments involve a high degree of risk of losing money. The views expressed in this article are those of the author. It does not necessarily showcase the views of the publication. Past performance is not indicative of future results.

Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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