When comparing Solar 2D (formerly Corona SDK) vs BlitzMax, the Slant community recommends Solar 2D (formerly Corona SDK) for most people. In the question“What are the best 2D game engines?” Solar 2D (formerly Corona SDK) is ranked 15th while BlitzMax is ranked 52nd.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Very simple to use

Pro Free
Corona SDK is completely free. That includes pro-tier plugins.
Pro Corona Simulator
Corona SDK ships with Corona Simulator, which runs your game/app directly on your PC/Mac and updates every time you make changes.
It provides immediate feedback to your actions, you can see your changes right on the screen, without necessity to make build to device. Getting instant feedback really boosts tenfold prototyping and development speed.

Pro Good documentation and lots of tutorials
Pro Content scaling
It's easy to create a game that looks good on many different sized mobile devices.
Pro Live builds - update builds running on a device automatically
With the live build feature, once you have created a build and installed on a device, you get lightning fast turnaround times because any change on the code or data is updated to the devices running the game (within the local WiFi) immediately. So changes can be tested on the real hardware within a very few seconds.
What's even more impressive, this even works flawless with multiple devices running the game. You have to use it to learn how good of a feature this is while development and even more, while doing QA. Imagine fixing bugs and everyone of your QA team/friends/whoever helps to get your game done, has all changes on his device without doing anything but waiting 5 seconds - outstanding.
Pro Lua syntax
Uses the great and easy-to-learn Lua programming language.
Pro Very comprehensive API
It's very quick to get things up and running with Corona SDK. The API is extensive and while it's not 100% feature-complete with the iOS API, it's close enough that you could create tons of games and never run into a roadblock.
The API docs can be found here.
Pro Amazing learning curve
Corona does not throw photoshop-like madness full of buttons editor. You can go as fast as you want, learning and building game from ground up. Eventually, you'll learn how much corona is doing for you. But to start you don't have to master complex editor software. It's a great tool to learn to start game development if you want to learn how to program and make games. Your experience will be 100% transferable to any other Pro game engine.

Pro Cross-platform desktop and mobile
Corona works on OS X, Windows and Android (including Kindle Fire & Nook).
Pro Marketplace for 3rd party plug-ins

Pro Great community

Pro Ability to call any native (C/C++/Obj-C/Java) library
Pro Completely free
Since Corona SDK became Solar2D, it's completely free, as only some third-party plugins are paid.
Pro Open Source
Since Corona SDK became Solar2D, it's completely open source under MIT license.

Pro Well supported
Pro Multi target
You can compile on Windows, Mac and Linux. Nothing to change. There are solutions to compile on the same machine for 2 targets.
Pro Modular
There are many modules to extend the features of the language: you can create PDF (via a Cairo module), or just download/upload files (via LibCurl), playing streaming sound (via BASS) and so on (databases, xml, xls...) User can create their own module (they could be written in plain BlitzMax)
Pro Easy syntax
Based on BASIC syntax. Supports OOP, collections (array, list and map)
Pro Stable language and source code
After many years the language it self is very stable. The packages contains the source code of ALL modules (excluding the source of the compiler).
Pro Easy to start, high productivity
BlitzMax is just ready after the installation. Open the IDE, write your code and just press F5 to see the results. You don't need to install other things to use the language. Of course if you want to change the language itself - or modules - you need to install MinGW or other libs, but guidelines are provided and easy to follow.
Pro Fast compiler
With comparison to the some of the other languages Blitzmax compiles source files fast enough.
Pro Compiles to native code
Good performance thanks to native code on each of the target platforms.
Pro Garbage collected language
The language is garbage collected in two modes: reference counting or using the Boehm-Demers-Weiser conservative garbage collector.
Pro GUI for apps
BlitzMax provides the MaxGUI modules that allow to build GUI desktop applications for Windows, Mac and Linux (FLTK or GTK via a module). You also could create your own 'gadgets'.
Pro Great community support
the forum is plenty of examples and solutions! Community is strong and still working, available for getting an hand
Pro BLIde
BLIde is an integrated development environment for Blitz Max, designed to work very close to the project file management performed by BlitzMax engine.
It’s inspired by the .NET IDE and some other great tools, It’s been designed for hobbyist and professional coders.
Cons
Con Free, but not completely
Con Making a device build requires internet connection
To build your app for the device (iOS/Android/AppleTV) Corona requires to fetch resources from online. This would include base application template and plugins. This allows not to perform local build or use Xcode or Android Studio to do a build. Even Large games/apps would build very fast with good internet connection.
Your code never leaves computed. Corona SDK would transfer some information to determine which plugins and pieces has to be transferred in order to make a final steps in build.
As a bonus - you get basically one button press to get from your Corona Simulator game to game on a device.
Con Outdated and abandoned
The author neglected BlitzMax and works on Monkey2.
Con No mobile targets
Only desktop targets available: Windows, MacOS, Linux.
