Solana’s Orca DEX was the clear winner in trades per second, according to a Dragonfly Research investigation that assessed the performance of six blockchains by testing the capability of Automated Market Makers on each.
It was capable of 273.34 deals per second and 590-millisecond block creation. On PancakeSwap, Binance Smart Chain (BSC) came in second with 194.6 deals per second, followed by Polygon (MATIC), Avalanche (AVAX), Celo (CELO), and Ethereum (ETH) (ETH).
While there was a robust ecosystem created on Ethereum Virtual Machine (EVM) compatible chains, the results demonstrated that “if you want fantastic performance now you have to explore beyond the EVM realm,” according to a blog post by researcher “GM.” Users will eventually need to “abandon the EVM,” according to a now-deleted sentence in an earlier version of the post. Dragonfly Research is Dragonfly Capital’s research arm, and according to its portfolio website, it has invested in Celo, Avalanche, Cosmos, and Near, all of which are listed in the study. It has not made any investments in Solana.
Other layer-1 blockchains will eventually outperform EVM-compatible chains, according to GM. The experiment’s findings were published on March 2nd. It was an attempt to compare blockchain throughput by calculating the number of swaps that might be made per block using native automated market makers (AMM). AMMs are decentralised exchanges (DEX) that permit noncustodial token swaps on-chain, such as Uniswap and PancakeSwap.