Ethereum Scaling Ecosystem Hits Record TPS

On June 16, Ethereum scaling networks, including both layer-2 and layer-3 blockchains, collectively registered 246.18 TPS, according to L2beat data.

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.

Xai Leads the Surge in Ethereum’s Record TPS

Xai, 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.

Source: l2beat

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 total value locked (TVL) 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.

More About Xai’s Stats

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.

Source: l2beat

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.

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