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Ethereum Scaling Ecosystem Reaches Highest TPS Ever
Despite the ongoing crypto winter that has affected the market since April, activity on the Ethereum ecosystem has continued to soar, reaching a new milestone over the weekend.
On Sunday, June 16, blockchain analytics company L2BEAT reported that Ethereum scaling networks, including layer 2 and layer 3 blockchains, registered a combined 246.18 transactions per second (TPS). This equates to an estimated 21.2 million transactions in a single day. For clarity, TPS is a measure of how many transactions a blockchain network can process in one second. A higher TPS means the network can handle more transactions at once, reducing delays and improving overall performance.
As for Ethereum, this is the first time its scaling solutions have recorded such high TPS since the launch of the network in July 2015.
New Milestone in Ethereum Scaling
According to L2BEAT data, the new milestone was attributed to both layer 2 scalin
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