Ethereum's scaling networks have achieved unprecedented transaction processing speeds, with Coinbase's Base protocol commanding a decisive lead in the sector.
Data from analytics platform growthepie.xyz shows layer-2 protocols collectively processing 29.64 million gas units per second (Mgas/s). This marks the highest throughput ever recorded. Base accounts for 67% of this volume.
The milestone highlights the growing maturity of Ethereum's scaling ecosystem. Layer-2 networks operate as auxiliary systems built atop the main Ethereum blockchain. Their primary function is processing transactions more efficiently and at reduced cost.
Gas, the computational fee required for blockchain transactions, serves as the key metric for measuring network activity. The current surge represents a significant leap in the networks' ability to handle increased transaction loads.
Base's dominant position underscores Coinbase's successful entry into the layer-2 market. The protocol has rapidly established itself as the leading scaling solution by transaction volume.
Industry observers are closely monitoring this development. The unprecedented throughput levels come at a time when questions persist about the long-term capacity of layer-2 networks to meet growing demand.
The record-breaking performance suggests layer-2 protocols are evolving to address Ethereum's scaling challenges. However, sustained high transaction volumes will test the networks' ability to maintain efficient processing speeds. Market participants are watching whether Base can maintain its commanding market share. The protocol's performance could influence the broader adoption of layer-2 solutions across the cryptocurrency ecosystem.