Ethereum

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<ul>
 <li>Ethereum TPS hit a record 246.18 on June 16, led by Xai with 101.72 TPS.</li>
 <li>Xai contributed over 41% of Ethereum’s layer-2 and layer-3 transactions.</li>
 <li>Arbitrum One and Base dominate by TVL, securing $18B and $7.6B.</li>
</ul>
<p>The Ethereum scaling ecosystem has reached a new peak in its combined transactions per second (TPS), <a href="https://l2beat.com/scaling/activity" target="_blank" rel="noopener noreferrer nofollow">achieving</a> an unprecedented rate of 246.18 TPS as of June 16. This surge is primarily attributed to the emergence of Xai, a new layer-3 scaling solution that specializes in gaming applications.</p>
<h3 class="wp-block-heading" id="h-xai-dominates-with-rapid-tps-increase"><strong>Xai Dominates with Rapid TPS Increase</strong></h3>
<p>Xai, powered by Offchain Labs, has seen a dramatic increase in transaction processing speed, recording a TPS of 101.72 on the reported day. This accounts for over 41% of the total transactions processed across Ethereum’s layer-2 and layer-3 networks. The significant rise from a TPS of approximately one just a week earlier highlights Xai’s rapid adoption and performance improvement.</p>
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   <p lang="en" dir="ltr">Ethereum scaling solutions are hitting new highs! <br><br>With a surge to an all-time high in TPS, innovative solutions like Starknet are showing massive potential. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>As the ETH ecosystem expands, scalability solutions are essential for unlocking its full potential. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/F0GVwfR2Wp" rel="noopener noreferrer nofollow">pic.twitter.com/F0GVwfR2Wp</a></p>— Bert of B | Web3 Marketing and Growth Leader (@BertBlancheton) <a href="https://twitter.com/BertBlancheton/status/1802598244226105726?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 17, 2024</a>
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<h3 class="wp-block-heading" id="h-comparative-analysis-of-ethereum-scaling-solutions"><strong>Comparative Analysis of Ethereum Scaling Solutions</strong></h3>
<p>Other notable platforms in the ecosystem include Base and Arbitrum, which recorded TPS rates of 33 and 21, respectively. While Xai and another gaming-focused layer-3 solution, Proof of Play Apex, also managed by Offchain Labs, show promising transaction speeds, their total value locked (TVL) stands modestly at $1.38 million and $695,000, respectively. In contrast, established solutions like Arbitrum One and Base boast much larger TVLs, securing $18 billion and $7.6 billion, indicating their dominant position in the market.</p>
<p>This recent development marks a significant step forward in Ethereum’s scaling efforts, reflecting the growing efficiency and capacity of the network to handle a higher volume of transactions seamlessly.</p>
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<p>The post <a href="https://cryptonewsland.com/ethereum-scaling-ecosystem-achieves-record-246-18-tps-xai-leads-with-101-72-tps/" rel="noopener noreferrer nofollow">Ethereum Scaling Ecosystem Achieves Record 246.18 TPS; Xai Leads with 101.72 TPS</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum Scaling Ecosystem Achieves Record 246.18 TPS; Xai Leads with 101.72 TPS

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