Share this article
Ethereum Layer-2 Protocols Achieve Record Transaction Throughput
Layer 2 protocols are faster than ever in processing transactions, according to data source growthepie.xyz.
Jan 23, 2025, 10:40 a.m.
Make us preferred on Google
What to know:
- Base leads to the progress in Layer 2s' transaction processing ability.
- The new high comes amid concerns that sustained demand could deplete capacity.
Ethereum layer-2 protocols are processing transactions faster than ever, with Coinbase's BASE at the forefront of this progress.
According to data from growthepie.xyz, the cumulative transaction throughput for layer 2s has skyrocketed to 29.64 million gas units per second (Mgas/s), the highest pace ever recorded. BASE leads the way, accounting for 67% of the total. Gas is the fee users pay to conduct a transaction.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Layer-2 protocols are scaling solutions built on top of primary blockchains like Ethereum, and are designed to handle a higher volume of transactions at lower cost. The metric of millions of gas units per second reflects the number of transactions the network processes each second.
This surge in throughput comes amid concerns that sustained demand for layer 2 solutions could quickly exhaust available capacity.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.
What to know:
- Paxos Gold (PAXG) posted a record inflow of $248 million in January, boosting its market cap to $2.2 billion.
- The tokenized gold market crossed $5.5B as investors seek stable value amid crypto stagnation.
- The moves occurred as gold prices surged to new records above $5,300.
Top Stories
