This Blockchain Metric Will Make Crypto Bros Cry—Find Out Why TPS/$ Is Shaking Up The Game!

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Ever tried to compare blockchains and felt like you’ve just wandered into Willy Wonka’s Chocolate Factory—where everyone’s peddling magical numbers and performance stats that smell a bit too much like snozzberries? 🍬✨

Steven Pu, the Taraxa Co-Founder and self-appointed buster of blockchain baloney, is fed up. While chatting with BeInCrypto, he revealed a slippery truth: tracking blockchain “performance” is like counting the number of golden tickets in a chocolate river. Most metrics are about as real as the three-course-meal-chewing gum.

To fix this fudge, Pu is championing a new hero: TPS/$ — or “Transactions Per Second Per Dollar.” That’s right, now we can finally see which blockchains are just stuffing Everlasting Gobstoppers into their mouths and which are actually worth your golden ticket.

Where Are the Real Benchmarks, Oompa Loompas?

The Layer-1 blockchain zoo grows wilder by the day, with new creatures roaring about their super-speed and muscle. If only performance measurement wasn’t as wild and unpredictable as an elevator ride with Grandpa Joe.

Right now, most blockchains rely on hype, hope, or just wishful storytelling. This is creating a market where genuine efficiency hides like an Umpa Lumpa after his lunch break.

“It’s easy for opportunists to whip up a thunderstorm of buzzwords and dazzle folks with exaggerated tales. Every technical metric—TPS, network node count, parallelization, modularity—has been inflated like Aunt Marge at a birthday party. Most projects gobble up these narratives without ever earning them,” Pu grumbled to BeInCrypto.

His main target? Projects bragging about their TPS numbers like kids claiming their dad works at Nintendo. It’s often clever marketing, served with a side of sugar rush, rather than hard facts.

TPS: The Chocolate Fountain of Misleading Metrics

TPS (Transactions Per Second) sounds impressive. “More is better,” they say. But TPS is the fizzy-lifting drink of the blockchain world—one sip, and suddenly everyone’s floating up, way above the reality floor.

It tempts shiny-eyed investors, then leaves them bumping their heads on the mint ceiling.

“Decentralized networks are complicated confections,” Pu explained. “But instead of considering the full menu, the market gets fixated on a single gobstopper. Sometimes high-TPS chains offer nothing but a sugar-high—a fast, centralized surprise that loses all flavor when you nibble on the details.”

So, if a blockchain brags about infinite TPS, maybe ask what’s been left out—like hiding the vegetables in your soup.

“Say I make a network with one node running on space-age hardware. Guess what? Instant oodles of TPS! Multiply it by a thousand, call it sharding, and now we’re drowning in imaginary transactions. It’s a numbers parade, built on assumptions as wobbly as a plate of green jelly,” Pu said, possibly while shaking his head and wondering where his afternoon snack went.

He recently shared a report unmasking this world of make-believe “metrics.”

The 20x TPS Fairy Tale Gap

Pu set out to reveal the magical gap between “theoretical” TPS (blockchains’ wildest dreams) and real-world TPS (what actually happens when the party starts).

He inspected 22 different permissionless, single-shard networks and—lo and behold!—the supposed max TPS was, on average, twenty times higher than what’s actually possible. It’s like promising an entire chocolate cake, only to deliver a lone stale biscuit.

“Metric inflations like these are as common as Oompa-Loompa songs in the crypto world. Everyone wants to look like a genius, so numbers get whipped up with wild guesses or tiny, near-magical ‘tests’ in lab coats. It’s about as honest as Veruca Salt’s promises. Period,” Pu declared.

Solution? Measure what actually works, not just what tastes nice on the label.

TPS/$: The Scrumdiddlyumptious New Metric

With the industry knee-deep in fudge, Pu and his merry band of truth-seekers invented TPS/$: the number of real mainnet transactions a node can process, divided by that node’s monthly cost. That’s right—no fancy machines, no glass elevators, just cold, crisp value for your crypto coin.

This way, you can spot if a blockchain’s high score comes from a supercomputer army or if it’s genuinely efficient. Spoiler: most require validators with all the practicality of a flying pink cow. 🐄✨

“A network that needs validators with computers so beefy they could run Willy Wonka’s entire operation is a dead giveaway: bloated, centralized, and far too expensive for most. TPS/$ exposes these behind-the-scenes stunts with no need for magical Wonka-vision,” Pu said, almost gleefully.

To measure this, his team checked each network’s validator requirements and gave them the ol’ golden-ticket test—hardware and all.

“TPS/$ puts two monsters back in the box. First, TPS only counts if it happens live, not in someone’s crypto daydream. Second, any metric that only works with magical, mega-expensive gear gets revealed for the fib it is,” Pu pointed out, perhaps sipping a cup of fizzy-lifting drink for effect.

Oh, and don’t forget to check if your favorite chain is permissionless and single-sharded, too. Because what’s the point in building a factory and keeping all the doors locked?😏

Closed Gardens or Open Chocolate Rivers?

Your blockchain either lets anyone dip their toe in the chocolate river (permissionless) or it keeps the best treats for a VIP guest list (permissioned).

Permissioned blockchains are like Wonka’s factory before the golden tickets—secret, stuffy, and controlled by the big boss. Permissionless ones throw open the gates and let all the Oompa-Loompas join the fun.

Guess which one is more “decentralized”? (Hint: It’s not the network guarded by Mr. Slugworth.)

“When one entity calls the shots, you don’t have a magical decentralized candy-land. You’ve got a boring old factory with too many rules and someone shouting, ‘You get nothing! Good day, sir!’,” said Pu.

Your network’s centralization might not matter—until the machines go wrong and the only way out is through the Nut Room…

“Ultimately, we need a full suite of attacks and tests for L1 chains, just like real food tasters in a chocolate factory. Many chains today make wild-tradeoffs in secrecy, security, and decentralization. Trouble is, you won’t know until something explodes—or all the Oompa-Loompas vanish. My hope? One day, the entire industry agrees on a test menu,” Pu mused.

And check if the chain uses state-sharding or keeps things simple inside the same shared data vat…

State-Sharding: Multiplying the Oompa-Loompas (But Are They All Singing Together?)

In the world of blockchains, latency is how long your transaction sits waiting for its golden ticket. But whether a network is state-sharded or a single-state affair changes everything.

State-sharding splits the chocolate into a thousand little fountains, each Oompa-Loompa working away, but not all fountains connect. A non-sharded chain is just one big, bubbling chocolate river. Smooth, but maybe a bit slower with everyone jumping in at once.

Some projects cheat by just copying their network over and over—an illusion worthy of Mr. Wonka’s disappearing elevator.

“A scattered, non-synchronized network is just a bunch of independent forgeries. No one in their right mind would sum all the chocolate made in separate factories and call it ‘one network.’ But projects do it anyway, shouting about their impossibly high throughput. The Oompa-Loompas shake their heads…” Pu sighed.

After peeling through all this, Pu decided the industry needs a Wonka-sized rethink on what really counts.

What Big Change Would Turn Blockchain Chocolate Into Gold?

In a world where blockchains hype themselves like everlasting gobstoppers, Pu’s approach is refreshingly un-sugared. If the crypto world ever wants to grow up, it’s going to need some cold, hard metrics—and fewer empty wrappers.

“You only know what you can measure, and so far, these numbers are pure wonkavision. Give us crystal-clear, cross-comparable metrics or else we’ll keep snacking on disappointment. That’s how you tell a mature industry from a wild chocolate factory,” Pu stated, pocketing the last handful of jellybeans.

Maybe, with a dose of reality and standardized testing, blockchains can finally move past the candy-floss claims and deliver the treat everyone’s been promised. No more surprises in your gobstopper, please. 🍭🚀

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2025-05-02 19:14