Xai, a New Ethereum Layer-3 Scaling Solution Focused on Gaming Applications, Drives TPS Surge to an All-Time High

The Ethereum ecosystem has reached an unprecedented milestone, with its combined transactions per second (TPS) soaring to an all-time high. This surge is attributed to a sudden spike in TPS on a relatively unknown Ethereum layer 3 solution.

Ethereum transactions per second (TPS) hit an all-time high on June 16, largely driven by a surge in activity on Xai, a new layer-3 scaling solution focused on gaming applications.

According to data from L2beat, an analytics platform dedicated to Ethereum's layer-2 scaling solutions, the combined TPS across Ethereum scaling solutions reached 246.18 on June 16, highlighting significant advancements in the network’s scalability.

The total value locked (TVL) in Xai and Proof of Play Apex remains relatively modest at $1.38 million and $695,000, respectively. In comparison, Arbitrum One and Base, the two largest Ethereum scaling solutions by TVL, secured $18 billion and $7.6 billion.

However, industry analysts often debate the significance of TPS as a performance metric for blockchains. Some argue that it's an oversimplification, and a better measure would be gas-per-second, which takes into account the varying transaction sizes and computational demands.

Others, such as Steven Goldfeder, a founder at Offchain Labs, the company behind Arbitrum, maintain that while TPS is a limited metric, it's still useful for quickly assessing blockchain performance, especially in the context of scaling efforts.

Ultimately, the choice of metric depends on the specific analysis and perspective being considered.

News source：https://www.kdj.com/cryptocurrencies-news/articles/xai-ethereum-layer-scaling-solution-focused-gaming-applications-drives-tps-surge-time.html

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