2000+ swaps per second: how?

Recently there’s been a lot of discussion on Twitter and Reddit around this chart:

What are the biggest contributors to this order-of-magnitude outperformance? Is it Algorand’s 6000 TPS? General AVM efficiency/architecture vs EVM? Opcodes that accelerate swaps, that other VM’s don’t have? Or something else?

Some further background:

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post by makman on Jan 27, 2023

I would say that the instant finality with one block economic finality is the main drive here… You can achieve this only with VRF (PPOS algorand thing) which is reducing load on servers and network traffic. So i believe this perfectly shows the tech superiority of algorand over all other chains…
I would prefer if such comparisons would also include bitcoin btw, because we must clearly state that algorand has much better utilization vs bitcoin for the function of the blockchain to exchange the value.

post by AlgoFamily on Feb 3, 2023

On Algorand, a transaction is a transaction. The blockchain world is so used to other chains inflating TPS numbers, or having one set of TPS for simple sends, and another for complex smart contracts. What makes it all possible? The beauty of Algorand. Silvio’s genius. But yeah I’m sure others have better technical explanations. Super exciting times.