Ethereum’s layer-2 solutions are surpassing the performance of the blockchain they were designed to enhance. Both Base and zkSync Era have exhibited impressive results, despite the ongoing bear market.
On September 17th, Base and zkSync Era achieved a Transactions Per Second (TPS) rate that exceeded Ethereum’s own rate of 10.18. According to data compiled by L2Beat, the Coinbase-incubated layer-2 network, Base, achieved a TPS of 12.93, representing a significant 49.76% increase within just one week. Matter Labs’ zero-knowledge (zk) rollup technology-powered scaling solution, zkSync Era, closely followed with a TPS of 12.62 (source).
Base has experienced a substantial surge in activity over the past month, primarily attributed to the decentralized social media platform Friend.tech. The layer-2 blockchain recorded nearly $19 million in trading volume, further driving network activity. Additionally, Base has attracted approximately $380 million in total assets locked, with a trading volume of more than $20 million in the past week (source).
Furthermore, Base’s daily transaction count reached an all-time high above $1.88 million last week. Interestingly, the average transaction size on Base decreased, indicating increasing retail adoption and smart contract interactions (source). These achievements have propelled Base into the top 10, surpassing even Solana, a prominent layer-1 network.
Meanwhile, zkSync Era became the first zkEVM (zero-knowledge Ethereum Virtual Machine) to be publicly available in March after four years of development, enabling faster and more cost-effective transactions. Since its launch, the Total Value Locked (TVL) in zkSync Era has reached $419 million (source).
It is worth noting that the information provided above has not been sourced directly from Cryptopotato.com, but from credible external sources (source).
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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