Circulating supply 284 970 960 $
Max supply 720 000 000 $
Cmc rank 14
Volume 24h 718 391 350 $
Percent change 1h -0,01 %
Percent change 24h -2,1 %
Percent Change 7d -24 %
Circulating supply 348 989 110 $
Max supply 0 $
Cmc rank 9
Volume 24h 1 709 444 500 $
Percent change 1h -0,19 %
Percent change 24h -4,2 %
Percent Change 7d -23 %
AVAX vs. SOL Comparison
Bitcoin and Ethereum are the most well-known cryptocurrencies, but others are worth considering as investments. Avalanche (AVAX) and Solana (SOL) are recently launched tokens and coins that have performed very well since they hit the market. This article explains all the essential information you need to know about them before investing.
Avalanche was launched on 21 September 2020. It has 1.3 million users, more than 400 projects, and over 1,200 block-producing validators. AVAX is this platform’s token, and it is used for paying fees, staking, and as a unit of account.
SOL was created by Anatoly Yakovenko, who previously worked at Qualcomm as a staff engineer and Dropbox as a software engineer. He began working on the project that would become known as Solana in 2017. In 2020, he and many of his former colleagues at Qualcomm launched the Solana protocol and the SOL token.
Solana is an open-source blockchain used by banks to provide decentralized finance (DeFi) solutions to their clients and to facilitate decentralized application (DApp) creation. It is also highly scalable because it uses proof-of-history and proof-of-stake consensus, which have made it a popular decentralized finance solution for large institutions and small-time investors.
Avalanche vs Solana: Which Is Preferable?
There are many metrics by which a person can compare Avalanche versus Solana:
- Transaction Speed: Comparing AVAX vs SOL, we can see that SOL is much faster than AVAX, being able to perform 65,000 transactions per second. AVAX can perform 4,500 to 6,500 transactions per second.
- Market Cap: Solana has double the market cap of AVAX. This means that the total value of Solana’s circulating supply is much higher.
- Blockchain: Solana and AVAX use a proof-of-stake blockchain, while Solana combines it with proof-of-history.
- References: SOL and AVAX are both reputable tokens that solve problems related to Ethereum's slow transaction speed and lack of scalability.
A Quick Review of AVAX and SOL Live Price
AVAX and SOL started their climb up the charts in March of 2021. Since then, they have had their ups and downs but have not retreated to their pre-2021 prices. As of January 2022, SOL was valued at over $140, while AVAX was valued at around $90.
There are many reasons why SOL is more valuable, but the main ones are that it has higher market capitalization and more liquidity. In the AVAX vs SOL comparison, SOL is also much more useful than AVAX in terms of being able to conduct high-speed transactions.
AVAX vs SOL: Conclusion
Even though SOL has performed better than AVAX, it is worth getting both of them because it is never a bad idea to diversify your portfolio of coins and tokens. But when using the methods of comparison mentioned earlier, it is reasonable to conclude that SOL will perform much better over the long run than AVAX.