Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Both Base and zkSync Era have shown remarkable performance so far despite the incessant bear market.
For the first time in history, Base and zkSync Era surpassed Ethereum’s Transactions Per Second rate of 10.18 on September 17th.compiled by L2Beat, the Coinbase-incubated layer-2 network achieved a TPS of 12.93, marking an impressive 49.76% increase within just one week. Meanwhile, Matter Labs’ zero-knowledge rollup tech-powered scaling solution closely followed with a TPS of 12.62.
Over the past month, Base has undergone a tremendous surge in terms of activity thanks to the decentralized social media platform Friend.tech. It recently recorded nearly $19 million in trading volume, further pushing network activity on the layer-2 blockchain. So far, Base has attracted approximately $380 million in total assets locked while recording a trading volume of more than $20 million in the past week.
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