Solana receives backlash for Ethereum-NASDAQ comparison
A post to X, made by the official Solana handle over the weekend, has drawn criticism from the Ethereum community after comparing the blockchain to NASDAQ’s throughput of 2,000 transactions per second (TPS). According to Etherscan data, Ethereum mainnet has processed a little under 1.7 million transactions in the last 24 hours, which works out at an average of 19 TPS. Solana’s post has been received by Ethereum “maxis” as a petty, apples-to-oranges comparison of Ethereum, a decentralized, permissionless global network, to NASDAQ’s closed-off, centralized stock exchange infrastructure. When they say the future of markets runs at 22 TPS but NASDAQ handles 2k trades per second pic.twitter.com/TAsGAcFc7k — Solana (@solana) August 9, 2025 Read more: Coinbase Base network halts for 44 minutes due to ‘unsafe head delay’ Samczsun, a well-respected pseudonymous crypto security researcher at Paradigm, implied that the post was an aggressive over-reac...