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Hedera vs Algorand Scalability

Real-time TPS (1H)

Hedera TPS is 22.22% lower than Algorand TPS

Hedera logo
6.11 tx/s
Algorand logo
7.85 tx/s

Data from Chainspect

Max TPS (100 blocks)

Hedera max TPS is 42.22% lower than Algorand max TPS

Hedera logo
3,302 tx/s
Algorand logo
5,716 tx/s

Data from Chainspect

Max Theoretical TPS

Hedera max theoretical TPS is 1.07X higher than Algorand max theoretical TPS

Hedera logo
10,000 tx/s
Algorand logo
9,384 tx/s

Data from Chainspect

Transaction Volume (1H)

Hedera transaction volume is 22.18% lower than Algorand transaction volume

Hedera logo
22K txns
Algorand logo
28.2K txns

Data from Chainspect

Block Time (1H)

Hedera block time is 27.34% shorter than Algorand block time

Hedera logo
2s
Algorand logo
2.75s

Data from Chainspect

Finality

Hedera finality is the same as Algorand finality

Hedera logo
0s
Algorand logo
0s

Data from Chainspect

Type

Hedera and Algorand are both layer 1 blockchains

Hedera logo
Layer 1 blockchain
Algorand logo
Layer 1 blockchain

Data from Chainspect

Total Transactions (All time)

Hedera has 21X more total transactions than Algorand

Hedera logo
71.2B txns
Algorand logo
3.47B txns

Data from Chainspect

Launch Date

Hedera was launched 3 months after Algorand

Hedera logo
Sep 16, 2019
Algorand logo
Jun 12, 2019

Data from Chainspect

Hedera vs Algorand Decentralization

Nakamoto Coefficient

Hedera Nakamoto Coefficient is 41.66% lower than Algorand Nakamoto Coefficient

Hedera logo
7
Algorand logo
12

Data from Chainspect

Validators

Hedera has 98.12% fewer validators than Algorand

Hedera logo
29
Algorand logo
1,545

Data from Chainspect

Stake

Hedera stake is 5.88X higher than Algorand stake

Hedera logo
$989.1M
Algorand logo
$168.1M

Data from Chainspect

Consensus Mechanism

Hedera is PoS, while Algorand is Pure Proof of Stake

Hedera logo
Proof of Stake (PoS)
Algorand logo
Pure Proof of Stake

Data from Chainspect

Governance

Hedera council governance is worse than Algorand on-chain governance

Hedera logo
Council
Algorand logo
On-chain

Data from Chainspect

Hedera vs Algorand Developer Activity

Developers

Hedera has 2.45X more developers than Algorand

Hedera logo
1,327
Algorand logo
541

Data from Chainspect

Commits

Hedera has 1.87X more commits than Algorand

Hedera logo
81,060
Algorand logo
43,423

Data from Chainspect

Repos

Hedera has 32.43% fewer repos than Algorand

Hedera logo
125
Algorand logo
185

Data from Chainspect

Stars

Hedera has 6.96% fewer stars than Algorand

Hedera logo
4,741
Algorand logo
5,096

Data from Chainspect

Watchers

Hedera has 1.66X more watchers than Algorand

Hedera logo
1,205
Algorand logo
727

Data from Chainspect

Hedera vs Algorand Financials New

Chain Revenue

Hedera chain revenue is 16X higher than Algorand chain revenue

Hedera logo
$1.322K
Algorand logo
$82.38

Data from Chainspect

Average Transaction Fee

Hedera average transaction fee is 17X higher than Algorand average transaction fee

Hedera logo
$0.001831
Algorand logo
$0.0001094

Data from Chainspect

Market Cap

Hedera market cap is 3.95X higher than Algorand market cap

Hedera logo
$2.978B
Algorand logo
$753.5M

Data from Chainspect

FDV

Hedera FDV is 4.04X higher than Algorand FDV

Hedera logo
$3.4B
Algorand logo
$840.7M

Data from Chainspect

Market Cap / FDV

Hedera Market Cap to FDV ratio is 2.28% lower than Algorand Market Cap to FDV ratio

Hedera logo
87.58%
Algorand logo
89.63%

Data from Chainspect

Price

Hedera price is 19.11% lower than Algorand price

Hedera logo
$0.068
Algorand logo
$0.08407

Data from Chainspect

Hedera vs Algorand Real-time TPS Chart

Other Comparisons

About Blockchains

About Hedera

Hedera operates as a public network employing the hashgraph consensus algorithm for rapid and secure transaction validation. Governed by a council of esteemed organizations, Hedera ensures consistent progress and decentralization. Distinguished by its high throughput, security, and fair transaction ordering, Hedera strives to establish a trust layer for the internet.

About Algorand

Algorand emerges as a blockchain platform committed to fostering transparency and enabling the growth of decentralized projects and applications. Operating as a public, decentralized blockchain, it leverages a Pure Proof-of-Stake (PPoS) consensus mechanism to uphold network security, efficiency, and decentralization. Powered by the Algorand Consensus Algorithm, the network employs a combination of cryptographic techniques and random selection to attain consensus, effectively addressing the constraints of traditional consensus mechanisms.

Blockchains Socials

Hedera Socials

Algorand Socials

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