• Ethereum’s general TPS peak reached 246.18, pushed by its Layer 3 scaling answer.
• Xai, a brand new entrant centered on gaming purposes, topped the checklist with 101.72 TPS.
• Established options corresponding to Arbitrum and Base proceed to dominate TVL.

Ethereum’s transaction processing capability has reached an all-time excessive, pushed by the explosive development of latest Layer 3 scaling options designed for gaming purposes.

Based on information from L2beat, the cumulative TPS of Ethereum’s scaling community, which incorporates each Layer 2 and Layer 3 options, reached an all-time excessive of 246.18 TPS on June 16, translating to an estimated 21.2 million transactions processed all through the day.

Greater than 41% of this exercise was pushed by Xai, a brand new Ethereum Layer 3 scaling answer designed for gaming purposes. Developed by Offchain Labs, the creators of the Arbitrum One blockchain, Xai's TPS elevated dramatically from roughly 1 TPS per day earlier than June 10 to a peak of 101.72 TPS on June 16. This represents an 8,847% improve in a single week.

Following Xai had been Base and Arbitrum, which recorded 32.97 TPS and 20.65 TPS, respectively, on the day. Proof of Play Apex, one other gaming-focused Ethereum Layer 3 scaler from Offchain Labs, took fourth place by way of transaction throughput.

Whereas the TPS figures are spectacular, Xai and Proof of Play Apex stay modest in whole worth locked (TVL) at $1.38 million and $695,000, respectively. In distinction, extra established scaling options, Arbitrum One and Base, boast TVL of $18 billion and $7.6 billion, respectively.

Some trade consultants argue that TPS is probably not probably the most complete metric for evaluating a blockchain's efficiency. Steven Goldfeder, co-founder of Offchain Labs, likened TPS to counting the variety of payments in your pockets whereas ignoring their denomination. That mentioned, Goldfeder acknowledges that TPS stays the most typical metric as a result of lack of a universally superior different.