Ethereum Layer-2 Networks Smash Transaction Speed Records
Ethereum's scaling networks have achieved unprecedented speeds in processing transactions, with Coinbase's Base protocol leading the sector.
Data from analytics platform GrowthEpie.xyz shows that layer-2 protocols collectively processed a record-breaking 29.64 million gas units per second (Mgas/s), marking the highest throughput ever recorded.
The milestone highlights the growing maturity of Ethereum's scaling ecosystem, which operates as auxiliary systems built atop the main Ethereum blockchain to process transactions more efficiently and at reduced cost.
Base accounts for 67% of this volume, underscoring Coinbase's successful entry into the layer-2 market. The protocol has rapidly established itself as the leading scaling solution by transaction volume.