Justin Bons, the founder and CIO of Europe’s oldest cryptocurrency fund Cyber Capital, raised concerns about the inaccurate TPS metrics reported by Solana (SOL) and Cardano (ADA). Bons pointed out that both networks are misrepresenting their performance compared to industry standards.
Examining the True TPS of Cardano and Solana
Bons revealed that Solana’s claimed maximum TPS of 65,000 is overstated due to cryptographic constraints, resulting in a more realistic TPS of about 50,000. For Cardano, the advertised theoretical TPS of 477 is misleading, with the actual TPS being significantly lower at around 18. Bons emphasized the importance of considering practical capacity over theoretical highs.
Bons also criticized both networks for calculating transaction throughput inaccurately, particularly Cardano’s practice of counting multiple outputs as separate transactions. He proposed a new metric, Outputs Per Second (OPS), for a more accurate evaluation of network capacity.
Actual network usage data highlighted the significant disparity between marketed TPS capabilities and real-world performance, with Solana’s true TPS at 739 and Cardano’s at 0.4 based on processed transactions.
Furthermore, Bons warned that misleading TPS claims could deter users and developers from adopting these platforms, potentially hindering their broader adoption. He urged the blockchain community to uphold higher standards of transparency in reporting performance metrics for informed decision-making.
