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With the new upgrade, Algorand now has >6 the smart contract throughput of any other top smart contract platform (SOL/AVAX/BSC/MATIC/CELO/ETH measured)

<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xkpncc/with_the_new_upgrade_algorand_now_has_6_the_smart/"> <img src="https://external-preview.redd.it/ZIh8xshf8l8P-ZQgIxaA6JkmT1Vb7KCGO84TMqxT7xI.jpg?width=640&crop=smart&auto=webp&s=df1b8e9342cdfbb2089831eff45608b643a4ce52" alt="With the new upgrade, Algorand now has >6 the smart contract throughput of any other top smart contract platform (SOL/AVAX/BSC/MATIC/CELO/ETH measured)" title="With the new upgrade, Algorand now has >6 the smart contract throughput of any other top smart contract platform (SOL/AVAX/BSC/MATIC/CELO/ETH measured)" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>I posted about <a href="https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581">this metric</a> in the Algorand subreddit for determining throughput of different blockchains in the fairest way possible. That is using an AMM “uniswap-style” swap as the benchmark.</p> <p>The authors of the medium article linked in my original post tested the smart contract throughput of some of the top smart contract platforms <em>empirically</em>, and they found that these chains to have the following AMM-swap tps limits:</p> <ul> <li>Solana Mainnet Orca - 273 swaps</li> <li>BSC pancakeswap - 195 swaps</li> <li>Polygon quickswap - 95 swaps</li> <li>Axax Trader Joe - 176 swaps</li> <li>Celo Ubeswap - 50 swaps</li> <li>Ethereum uniswap v2 - 18 swaps</li> </ul> <p>Now Algorand can handle <strong><em>1625 AMM swaps per second on Tinyman.</em></strong></p> <p>For reference that is:</p> <ul> <li>6.0x more than Solana</li> <li>8.3x more than Binance</li> <li>9.2x more than Avalanche</li> <li>17x more than Polygon</li> <li>32.5x more than Celo</li> <li>90.3x more than Ethereum</li> </ul> <p><a href="https://preview.redd.it/cf418jlntbp91.png?width=1653&format=png&auto=webp&s=3380eddec452dadf44357fdc6cce837d83b7e587"> Algorand can now do more than all of these chains combined </a></p> <p>Algorand's new upgrade reduced block times from ~4.5s to <a href="https://twitter.com/d13_co/status/1572601758744215552">~3.8s per block</a>, and there has already been <a href="https://algoexplorer.io/block/23593702">a block with 25k transactions in it</a> on the mainnet which translates to approximately 6500 tps.</p> <p>Thanks to the insight of <a href="https://www.reddit.com/u/abeliabedelia/">/u/abeliabedelia</a>, based on the opcode budget limit for each transaction, it was determined that <strong><em>a tinyman swap requires 4 transactions</em></strong>, which means that Algorand’ TPS divided by 4 is approximately equal to its ability for smart contracts per second. (6500/4) = 1625 swaps per second.</p> <p>And a special thanks to <a href="https://www.reddit.com/u/sdcvbhjz/">/u/sdcvbhjz</a> for actually empirically checking and confirming the transaction count to be 4 standard transactions for each tinyman swap.</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/Mr_Blondo"> /u/Mr_Blondo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xkpncc/with_the_new_upgrade_algorand_now_has_6_the_smart/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xkpncc/with_the_new_upgrade_algorand_now_has_6_the_smart/">[comments]</a></span> </td></tr></table>