Solana (SOL) |
vs |
Algorand (ALGO) |
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Solana (SOL) | Algorand (ALGO) |
Solana blockchain is created to solve the problems with Ethereum Blockchain Network. Solana offers faster transactions at a very low cost. Solana Blockchain supports smart contracts, NFTs and Dapps. Solana is one of the fastest blockchains the fastest-growing ecosystem. The main difference between Solana and Ethereum is their consensus mechanisms. Solana is criticized for trading off security for scalability.
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Algo is the native cryptocurrency of Algorand Blockchain. Algorand blockchain is open-source and decentralized. Algorand Blockchain has its unique consensus mechanism with a two-tiered structure based on proof of stake. Algorand was created by MIT professor Silvio Micali and launched in 2019. Algorand aims to solve blockchain trilemma with ultra-fast transactions with high security. Algo is a promising coin focused on payment network functionality.
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Key Data |
|
Solana (SOL) | Algorand (ALGO) |
Coin Name
Solana
|
Coin Name
Algorand
|
Symbol
SOL
|
Symbol
ALGO
|
Type
Coin
|
Type
Coin
|
CoinMarketCapRank
No 5
|
CoinMarketCapRank
No 62
|
Network
None
|
Network
None
|
Stable Coin
No
|
Stable Coin
No
|
Max Supply
-
|
Max Supply
10,000,000,000
|
Circulating Supply
420,750,000
|
Circulating Supply
8,001,200,000
|
Total Supply
561,950,000
|
Total Supply
8,001,200,000
|
|
|
Price |
|
Solana (SOL) | Algorand (ALGO) |
|
|
|
|
Calculate SOL in ALGO | Calculate ALGO in SOL |
24 Hour Volume USD
-
|
24 Hour Volume USD
-
|
24 Hour Volume USD
-
|
24 Hour Volume USD
-
|
24 Hour Price Change
1.8%
|
24 Hour Price Change
-3.40000000000000035527%
|
7 Day Price Change
11.8%
|
7 Day Price Change
12.4%
|
30 Day Price Change
76.3%
|
30 Day Price Change
22.4%
|
Market Cap USD
68,890,000,000 USD
|
Market Cap USD
1,563,200,000 USD
|
Market Cap USD
68,890,000,000 USD
|
Market Cap USD
1,563,200,000 USD
|
|
|
Staking Rates |
|
Solana (SOL) | Algorand (ALGO) |
Nexo
4% - 8% APY
|
Nexo
-
|
YouHodler
8% APY
|
YouHodler
-
|
Crypto.com
0.25% - 4.5% APY
|
Crypto.com
0.1% - 3% APY
|
Kraken
6.5% APY
|
Kraken
4.75% APY
|
Coinbase
4.35% APY
|
Coinbase
6.73% APY
|
Uniswap
42% APY
|
Uniswap
-
|
|
|
Loan Rates |
|
Solana (SOL) | Algorand (ALGO) |
Binance
11.6% - 14.6% APY
|
Binance
-
|
|
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Staking Rates |
|
Solana (SOL) | Algorand (ALGO) |
Crypto.com
0.25% - 4.5% APY
|
Crypto.com
0.1% - 3% APY
|
Kraken
6.5% APY
|
Kraken
4.75% APY
|
Coinbase
4.35% APY
|
Coinbase
6.73% APY
|
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