{"id":81473,"date":"2024-06-17T04:07:26","date_gmt":"2024-06-17T08:07:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81473"},"modified":"2024-06-17T04:07:29","modified_gmt":"2024-06-17T08:07:29","slug":"combined-tps-of-ethereum-scaling-ecosystem-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/combined-tps-of-ethereum-scaling-ecosystem-hits-all-time-high\/","title":{"rendered":"Combined TPS of Ethereum Scaling Ecosystem Hits All-time High"},"content":{"rendered":"\n

The combined transactions per second (TPS) of the Ethereum scaling ecosystem<\/a> have reached a new all-time high due to a new Ethereum layer 3 solution.<\/p>\n\n\n\n

\"Combined
Combined TPS of Ethereum Scaling Ecosystem Hits All-time High<\/figcaption><\/figure>\n\n\n\n

On June 16, the Ethereum scaling networks, which encompassed layer-2 and layer-3 blockchains, recorded a combined 246.18 TPS, according to L2beat data. This figure is equivalent to an estimated 21.2 million transactions throughout the day.<\/p>\n\n\n\n

\"Change
Change in TPS of Ethereum layer-2 solutions over the last 12 months. Source: L2beat<\/figcaption><\/figure>\n\n\n\n

In gaming applications, Xai, a novel Ethereum layer-3 scaling solution\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, was the site of over 41% of those transactions. Powering Xai is Offchain Labs, which is responsible for the Arbitrum One blockchain.<\/p>\n\n\n\n

Xai's TPS was approximately one per day before June 10, but it has increased nearly daily since then, reaching a maximum of 101.72 TPS on June 16.<\/p>\n\n\n\n

On June 16, Base and Arbitrum completed the top three with 33 and 21 TPS, respectively.<\/p>\n\n\n\n

Proof of Play Apex, an Ethereum layer-3 scaler concentrated on games, was launched by Offchain Labs and ranked fourth.<\/p>\n\n\n\n

Nevertheless, the total value secured (TVL) in Xai and Proof of Play Apex is relatively low, at $1.38 million and $695,000, respectively.<\/p>\n\n\n\n

Arbitrum One and Base<\/a>, the two most significant Ethereum scaling solutions by TVL, presently secure $18 billion and $7.6 billion, respectively. In contrast.<\/p>\n\n\n\n

\"The
The high-speed Xai and Proof of Play Apex scaling solutions boast the 45th and 50th-largest TVLs in the Ethereum ecosystem. Source: L2beat<\/figcaption><\/figure>\n\n\n\n

Certain industry analysts consider TPS an overrated metric when evaluating blockchains' efficacy.<\/p>\n\n\n\n

“[It is akin to “counting the number of bills in your wallet but disregarding that some are singles, some are twenties, and some are hundreds,” Steven Goldfeder, a founder at Offchain Labs, explained in an interview with Cointelegraph Magazine earlier in 2024.<\/p>\n\n\n\n

However, according to Goldfeder, it remains the most frequently used metric due to the possibility of no singular superior alternative.<\/p>\n","protected":false},"excerpt":{"rendered":"

The combined transactions per second (TPS) of the Ethereum scaling ecosystem have reached a new all-time high due to a new Ethereum layer 3 solution. On June 16, the Ethereum scaling networks, which encompassed layer-2 and layer-3 blockchains, recorded a combined 246.18 TPS, according to L2beat data. This figure is equivalent to an estimated 21.2 […]<\/p>\n","protected":false},"author":12,"featured_media":9874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[20023,20022,20024],"class_list":["post-81473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-ethereum-scaling-ecosystem","tag-tps","tag-xai-layer-3"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Ethereum-backs-Spruces-vision-for-a-decentralized-identity-verification.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81473"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9874"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}