The World’s Fastest L1 Blockchains

The World’s 10 Fastest L1 Blockchains

Modern times have made the blockchain landscape very competitive; therefore, speed and efficiency are some of the most critical elements needed for any network to thrive. Osiz is a prominent Layer1 blockchain development company that aids under the main blockchain architecture. Here are the top 10 fastest layer one blockchains, each unique in their innovations: 

1. Sui (SUI)

Nevertheless the consensus mechanism through PoS and parallel execution, Sui has been designed to be high in throughput and low in latency. This scalability is further enhanced with the ability to scale horizontally. Across different tests, Sui's TPS has ranged from 10,871 to 297,000.

2. The Open Network (TON)

Initially developed by Telegram, TON utilizes a sharding approach with a master blockchain and many secondary blockchains. In tests, TON has demonstrated 104,715 TPS.

3. MultiversX (EGLD)

A proof-of-stake blockchain called MultiversX parallelizes data processing and transaction execution through its sharding algorithm, gaining huge scalability.

4. Sei (SEI)

Sei takes the best from Solana and Ethereum to become the very first parallelized EVM-compatible network. Its parallel execution enables it to hit over 45 TPS consistently, with a planned upgrade target of 28,300 batched TPS.

5. EOS Network (EOS)

This horizontally scales through sidechains and deploys the Antelope protocol, which powers several other blockchains, with inter-blockchain communication, IBC that enables EOS to handle over 10,000 TPS. 

6. Aptos (APT)

Aptos, created from the abandoned Libra project by Meta, focuses on parallel transaction execution to achieve high throughput and low latency. This design allowed it to hit a peak TPS of 7,480. 

7. Hedera: HBAR

Hedera runs a public hashgraph rather than the traditional blockchain and is administrated by a council of major enterprises across the globe. Hashgraphs, unlike blockchains, do not prune forks; all transactions are included in a ledger, constrained only by network bandwidth. Hedera has posted the highest TPS of 3,287.

8. Kaspa (KAS)

Kaspa is an L1, PoW blockchain using a parallel block approach toward realizing high throughput and close-to-instant transaction confirmation. Its unique block DAG structure stipulates the processing of all blocks simultaneously. Kaspa's testnet has given evidence for a throughput of 3,000 TPS.

9. Fantom (FTM)

Fantom deploys the aBFT asynchronous Byzantine fault tolerance consensus mechanism and a Directed Acyclic Graph structure. Independent consensus and asynchronous block creation are possible with this setup; thus, after the Sonic upgrade, the throughput could reach a capacity of about 2,000 TPS.

10. Solana (SOL)

Solana is exceptional in the blockchain space. This is because it combines its consensus algorithm of PoS with a unique timestamp mechanism, PoH. Due to PoH, the nodes can verify transactions in parallel very quickly with high throughput. The result for Solana amounts to 7,229 TPS at a maximum, hence placing it among the fastest blockchains today.

Wrapping Up

As the blockchain ecosystem continues maturing, both speed and scalability will be the determining factors of decentralized network success in the future. The following top L1 blockchains are just some of the innovation leaders to solve these problems on the way to mass adoption. Osiz is the best L1 blockchain development company with unique innovations, including parallel execution and sharding, to offer unprecedented performance and scalability for your projects.