As a seasoned crypto investor with a keen interest in Ethereum and its scalability solutions, I find the recent surge in TPS rates across Layer 2 and L3 networks truly exhilarating. The quiet price front is momentarily forgotten when I consider the potential implications of these developments for the Ethereum ecosystem.
As a crypto investor, I’ve noticed that the Ethereum price action has been relatively calm lately. However, there’s been an impressive surge in activity when it comes to Ethereum scaling solutions. The most recent data indicates that this growth isn’t limited to just Layer 2 networks like Optimistic Rollups and Plasma. In fact, some lesser-known Layer 3 entities are also contributing significantly to this trend.
Based on L2beat’s data, scaling networks running on Ethereum achieved a collective transaction throughput of approximately 246 transactions per second (TPS) on June 16, marking a new record-breaking peak. This translates to an estimated 21.2 million transactions completed throughout the day.
In simpler terms, a higher transaction rate per second (TPS) means the blockchain network can manage more users and process a bigger batch of transactions simultaneously, leading to quicker transaction processing times.
Xai, a game network for Ethereum built on Arbitrum Layer 3 by Offchain Labs, currently tops the charts with a significant contribution of approximately 41% to the total transactions per second (TPS) within the Ethereum ecosystem.
As an analyst, I’d put it this way: On the same day, Arbitrum and Base achieved the second and third spots in terms of transaction throughput per second (TPS) with 21 and 33 TPS respectively.
One Ethereum network participant identified as Proof of Play Apex, which specializes in gaming applications, achieved a transaction throughput of 15.96 transactions per second (TPS) and ranked fourth among Layer 3 players over the last 24 hours.
As a crypto investor, I’ve noticed that some blockchain networks have made impressive strides in terms of transactions per second (TPS), but unfortunately, their total value locked (TVL) hasn’t lived up to expectations. In simpler terms, while these networks can process a decent number of transactions, the amount of digital assets secured on them has fallen short.
As a crypto investor, I’ve noticed that XAI, which currently holds the top spot in terms of transactions per second (TPS), boasts impressive speeds but has a relatively small total value locked (TVL) of merely $1.38 million. On the other hand, Proof of Play Apex, which previously ranked among the top four fastest chains within the last 24 hours, boasts high TPS figures but has an even smaller TVL of around $695,000.
As a crypto investor, I’ve noticed that Arbitrum One and Coinbase’s Base are currently the two most significant scaling solutions on Ethereum network in terms of Total Value Locked (TVL). With TVL amounts of $17.78 billion and $7.54 billion respectively, these platforms have attracted substantial attention from investors seeking improved network efficiency and reduced transaction fees.
Read More
- W PREDICTION. W cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- AEVO PREDICTION. AEVO cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- ZETA PREDICTION. ZETA cryptocurrency
- REF PREDICTION. REF cryptocurrency
- FutureNet Co-Founder Roman Ziemian Arrested in Montenegro Over $21M Theft
- ERG PREDICTION. ERG cryptocurrency
- PROM PREDICTION. PROM cryptocurrency
- DESO PREDICTION. DESO cryptocurrency
2024-06-17 17:13