Solana (CRYPTO:SOL) has emerged as the leader in transaction speed, outpacing Ethereum (CRYPTO:ETH) and Polygon (CRYPTO:MATIC).

With an average of 1,504 transactions per second (TPS), Solana's speed exceeds Ethereum's by 46 times and is over five times faster than Polygon.

However, Solana has faced challenges, including network reliability issues such as a significant outage in February 2024, and a recent DeFi exploit that resulted in a loss of 12,000 SOL.

These challenges underscore the complexities of maintaining network reliability and security, despite Solana's impressive speed.