Layer-2 Protocols on the Ethereum Blockchain Achieve Record Transaction Throughput

Ethereum layer-2 protocols is processing transactions faster than ever, with Coinbase’s BASE at the forefront of this development.

According to data from growthepie.xyzaggregate transaction throughput for layer 2s increased to 29.64 million gas units per second (Mgas/s), the highest speed on record. BASE leads the way, accounting for 67% of the total. The gas is the fees paid by users to perform a transaction.

Layer-2 protocols are scaling solutions built on top of mainstream blockchains like Ethereum, and are designed to handle higher volumes of transactions at lower costs. The metric of millions of gas units per second reflects the number of transactions the network processes per second.

This increase in throughput comes amid concerns that the sustained demand for layer 2 solutions can quickly exhaust available capacity.