This marks the highest transaction throughput ever recorded for Ethereum's combined infrastructure.
Ethereum News
The Ethereum ecosystem achieved an unprecedented transactions-per-second benchmark, reaching 24,192 TPS in a single moment as Growthepie began incorporating data from Lighter, a high-speed layer 2 network. This marks the highest transaction throughput ever recorded for Ethereum's combined infrastructure.
Lighter processes approximately 4,000 transactions per second, dramatically outpacing Base Chain's 100 to 200 TPS range. The layer 2 solution launched on Oct.1 and quickly became a dominant contributor to Ethereum's overall transaction capacity.
Ethereum co-founder Vitalik Buterin celebrated the achievement on social media Wednesday, declaring that "Ethereum is scaling" as the network continued to post record numbers.
Ryan Sean Adams, host of the Bankless podcast, attributes this 200x scaling improvement since October to Lighter's extensive implementation of zero-knowledge proofs. He projects that Ethereum layer 2 networks could reach 100,000 TPS within months, potentially hitting 1 million TPS as the technology matures.
Despite its exceptional speed, Lighter has encountered multiple network disruptions since launching last month, drawing comparisons to Solana's early operational challenges. The platform's Oct. 28 outage ranked among its most significant technical failures to date. The Lighter team compensated nearly 3,900 affected wallets with $774,872 in $USDC following that incident.
Questions persist about value distribution between layer 2 networks and the Ethereum mainnet, with Rezso Schmiedt of ₿RRR Capital questioning where additional revenue will accrue. Layer 2 solutions capture transaction fees rather than directing them to Ethereum, creating ongoing debate about long-term sustainability.
The Ethereum community largely supports layer 2 development but recognizes the need for better alignment between mainnet and scaling solutions. Proposed mechanisms include fee-sharing arrangements, MEV capture systems, and deeper protocol integrations to ensure sustainable value flows back to Ethereum holders.
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