A benchmark is a standard used as a point of reference to measure performance. In finance, benchmarks are often market indexes like the S&P 500, which track the performance of a group of assets and help investors evaluate portfolios. Benchmarks exist across asset classes including stocks, bonds, securities, and cryptocurrencies.

In computer science, benchmarking refers to running tests and operations to measure the speed, efficiency, and overall performance of hardware or software systems.

Businesses also use benchmarks to compare strategies, productivity, or practices against industry leaders.

In the blockchain industry, benchmarks are still developing. They can measure network throughput, scalability, decentralization, consensus efficiency, and smart contract performance. Creating reliable blockchain benchmarks is essential for evaluating and improving protocols.

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