ME News reports that on May 7 (UTC+8), several Layer 1 blockchains among the top 30 by market cap were compared based on their finality times. TON achieves block finality in approximately 0.6 seconds, with overall finality within about 1 second; both Avalanche C-Chain and BNB Smart Chain documentation state that irreversible finality can be achieved in approximately 1 second. Hedera reaches finality in about 2–3 seconds, while the XRP Ledger and Stellar typically complete ledger confirmation in around 3–5 seconds. Solana employs a consensus mechanism with a lag of approximately 32 slots for finality confirmation. PoW blockchains such as Bitcoin and Litecoin still rely on the conventional practice of multiple block confirmations; Ethereum requires two epochs, approximately 12.8 minutes, and Cardano is designed to achieve finality in about one day. (Source: PANews)
Comparison of Finality Times for Major Layer 1 Blockchains: TON, Avalanche, BNB Under 1 Second
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Summary
On-chain news from May 7 (UTC+8) shows TON finalized blocks in 0.6 seconds, with full finality achieved in under one second. Avalanche C-Chain and BNB Smart Chain also achieved irreversible finality in under one second. Hedera took 2–3 seconds, while the XRP Ledger and Stellar required 3–5 seconds. Solana used 32 slots for confirmation. PoW chains like Bitcoin and Litecoin still rely on multiple block confirmations. Ethereum took 12.8 minutes, and Cardano finalized in approximately one day. Top altcoin news highlights fast finality as a key performance metric.
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