Ethereum

Arbitrum

Base

Apex

<h4><strong>On June 16, Ethereum scaling networks, including both layer-2 and layer-3 blockchains, collectively registered 246.18 TPS, according to <a href="https://l2beat.com/scaling/activity" target="_blank" rel="noopener">L2beat data</a>. </strong></h4> 
<p>This equates to an estimated 21.2 million transactions in a single day. A significant portion of this surge—over 41%—was attributed to Xai, a relatively unknown Ethereum layer-3 scaling solution focused on gaming applications.</p> 
<h5><strong>Xai Leads the Surge in Ethereum’s Record TPS</strong></h5> 
<p><a href="https://xai.games/" target="_blank" rel="noopener">Xai</a>, developed by Offchain Labs, the firm behind the Arbitrum One blockchain, has shown a dramatic increase in activity. Before June 10, Xai’s TPS was minimal, hovering around one transaction per day. However, since then, it has experienced a near-daily rise in transactions, peaking at 101.72 TPS on June 16. This surge underscores the growing popularity and potential of Xai within the Ethereum ecosystem.</p> 
<p><img decoding="async" class="wp-image-143232 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxcvvbnbvgfgh-300x156.jpg" alt="" width="590" height="307" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxcvvbnbvgfgh-300x156.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxcvvbnbvgfgh-768x398.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxcvvbnbvgfgh-810x420.jpg 810w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxcvvbnbvgfgh-696x361.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxcvvbnbvgfgh.jpg 929w" sizes="(max-width: 590px) 100vw, 590px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://l2beat.com/scaling/activity" target="_blank" rel="noopener">l2beat</a></strong></h6> 
<p>Base and Arbitrum rounded out the top three scaling solutions, recording 33 and 21 TPS respectively on June 16. Following closely was Proof of Play Apex, another game-focused Ethereum layer-3 scaler also launched by Offchain Labs. Despite their impressive transaction volumes, the <a href="https://defillama.com/chain/Xai" target="_blank" rel="noopener">total value locked (TVL)</a> in Xai and Proof of Play Apex remains relatively modest, with Xai securing $1.38 million and Proof of Play Apex $695,000. In stark contrast, Arbitrum One and Base, the two largest Ethereum scaling solutions by TVL, currently secure $18 billion and $7.6 billion, respectively.</p> 
<h5><strong>More About Xai’s Stats</strong></h5> 
<p>The exponential growth in transactions facilitated by Xai and other scaling solutions highlights the Ethereum ecosystem’s capacity to handle increased demand without compromising performance. This is particularly important as Ethereum continues to expand its user base and applications, especially in areas like gaming, where fast and efficient transactions are crucial.</p> 
<p><img decoding="async" class="wp-image-143233 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcvcxfdgfgdfgfgfdg-300x169.png" alt="" width="596" height="336" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcvcxfdgfgdfgfgfdg-300x169.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcvcxfdgfgdfgfgfdg-768x434.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcvcxfdgfgdfgfgfdg-744x420.png 744w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcvcxfdgfgdfgfgfdg-696x393.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcvcxfdgfgdfgfgfdg.png 942w" sizes="(max-width: 596px) 100vw, 596px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://l2beat.com/scaling/activity" target="_blank" rel="noopener">l2beat</a></strong></h6> 
<p>The recent developments in Ethereum’s scaling solutions demonstrate the ecosystem’s dynamic nature and its ongoing efforts to enhance scalability and efficiency. The success of Xai and the sustained performance of other layer-2 and layer-3 solutions reflect the broader trend toward more specialized and robust scaling mechanisms within the blockchain industry.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ethereum-scaling-ecosystem-hits-record-tps/">Ethereum Scaling Ecosystem Hits Record TPS</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Ethereum Scaling Ecosystem Hits Record TPS

Altcoin Buzz

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