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Ethereum Scaling Ecosystem’s Combined TPS Hits All-Time High

Ethereum Scaling Ecosystem’s Combined TPS Hits All-Time High

CointimeCointime2024/06/17 06:10
By:Cointime

On June 17th, due to the sudden surge in TPS of Ethereum Layer3, the transaction volume per second (TPS) of the Ethereum ecosystem has surged to a historic high. L2BEAT data shows that on June 16th, the Ethereum scaling network, including Layer2 and Layer3 blockchains, recorded a total of 246.18 TPS, equivalent to an estimated 21.2 million transactions per day. Among them, more than 41% of transactions occurred on Xai, a new Ethereum Layer3 scaling solution focused on gaming applications supported by Offchain Labs. Before June 10th, Xai's TPS hovered around 1 per day, but has since been rising almost every day, reaching a peak of 101.72 TPS on June 16th.

Base and Arbitrum ranked first and second respectively on June 16th with 33 and 21 TPS. The fourth place was Proof of Play Apex, another Ethereum Layer3 extender centered on gaming launched by Offchain Labs. However, the TVLs of Xai and Proof of Play Apex are still relatively small, at $1.38 million and $695,000 respectively. In comparison, the TVLs of the two largest Ethereum scaling solutions, Arbitrum One and Base, are currently $18 billion and $7.6 billion, respectively, based on TVL calculations.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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