Top 10 Cryptocurrencies with a High Transaction Speed in 2022

Transactions per second are crucial for crypto transactions to drive profit in crypto wallets

Crypto investors always tend to look out for popular cryptocurrencies that offer a high transaction speed per second. It is also known as transaction per second or TPS which is highly crucial for seamless crypto transactions across the world. Cryptocurrencies with TPS are in high demand among crypto investors to invest in to drive profit in crypto wallets. High transaction speed allows for the fastest crypto transfer and provides a better ability to transfer data among crypto investors efficiently and effectively. But sometimes, TPS can be affected by high congestion, increased transaction fees, and many more other external factors. The speed of crypto transactions depends on network load, transaction complexity, and block mining. Let's explore some of the top ten cryptocurrencies that provide high transaction speed to crypto investors in 2022.

Top ten cryptocurrencies with TPS at the highest level

Cardano

Cardano is known as one of the top ten cryptocurrencies with a third-generation blockchain and DApp development platform. There are almost 32 billion tokens in circulation with a maximum supply of 45 billion in the entire lifetime in the cryptocurrency market. It is known for processing 257 TPS and the mission is to process a million transactions per second for multiple crypto transactions with a scalability solution known as Hydra.

Solana

Solana is one of the popular cryptocurrencies with TPS of 2,825 in the cryptocurrency market within 0.4 seconds. The average cost per transaction is US$0.00025 as a decentralized blockchain for user-friendly apps across the world.

Ethereum

Ethereum is the second-most popular cryptocurrency in the whole cryptocurrency market but it offers only 12-25 TPS within six minutes of confirmation time. Crypto investors can expect Ethereum to manage 100,000 transactions per second in the form of ETH2 in the nearby future.

XRP

XRP is one of the stable cryptocurrencies with TPS of 1,500 within four seconds of crypto transactions in 3-5 seconds. It can scale to manage the same throughput as Visa in the future. The XRP Ledger is known for settling crypto transactions without any energy costs with Proof-of-Work.

Cosmos

Cosmos is highly popular for providing more than 10,000 transactions per second with the confirmation time of crypto transactions being seven seconds. It is a fully open-source platform for crypto investors with the innovative token known as ATOM.

Avalanche

Avalanche is one of the rising cryptocurrencies with 5,000 TPS and a crypto transactions time of 1-2 seconds. This cryptocurrency is focused on being fast, affordable, and secure through smart contracts in the highly volatile cryptocurrency market.

Bitcoin

Bitcoin is the leading cryptocurrency at the top of thousands of cryptocurrencies. But, the transaction per second is 3-7 within 10 minutes of the average crypto transaction's confirmation time.

Dogecoin

Dogecoin started as a memecoin in the highly volatile cryptocurrency market. But it has improved by offering 30 transactions per second within one minute of crypto transactions confirmation.

EOS

EOS offers 4,000 TPS as one of the top cryptocurrencies with TPS at a higher level. It also takes only 0.5 seconds for an average crypto transaction confirmation time. EOS is known for offering an operating system for developing DApps efficiently and effectively.

Polkadot

Polkadot is one of the top cryptocurrencies to offer 1,000 transactions per second and confirmation within 4-5 seconds for crypto transactions. It leverages Nominated Proof-of-Stake (NPoS) for securing the network for crypto investors.