A dramatic surge in transactional volume on Ethereum Layer-2 Lighter since its introduction last month has propelled Ethereum’s rate of exchange per second tally to an unprecedented 24,192.
The Ethereum digital framework has merely achieved a novel peak in transfers per second, with the rapid Ethereum Layer-2 Lighter now being incorporated into the total calculation.
Figures sourced from Growthepie disclose that at one juncture over the preceding 24 hours, 24,192 movements were executed in a lone second—the peak documented.
The occurrence manifested subsequent to the time when exchanges originating from the decentralized enduring futures venue, Lighter, were incorporated by the platform.
Dealings on Lighter are even vastly surpassing the Base Network, executing roughly 4,000 movements each second in comparison to Base’s mere 100 to 200.
Ethereum aficionados are generating excitement concerning the latest benchmark, an element of the digital network that has been emphasized alongside dissemination and protection attributes.
Ethereum’s Pectra and Dencun advancements implemented capabilities that resulted in improved transactional capacity being achieved on Ethereum Layer-2 networks.
“Ethereum is achieving greater scalability,” was posted to X on Wednesday by Ethereum co-creator Vitalik Buterin and several colleagues as Ethereum reached a novel Transactions Per Second record, and proceeded to register additional peaks in the subsequent hours.
“A 200x scaling parameter is now being contributed to Ethereum by Layer 2 solutions” since October, was asserted by Bankless podcast presenter Ryan Sean Adams, who credited this improvement to the expansion of Lighter and its substantial utilization of zero-knowledge cryptographic evidence.
“The substantial Zk potential is only now commencing to impact Ethereum Layer 2 solutions,” was stated by him, while advising his 272,000 X subscribers to anticipate 100,000 transactions per second and ultimately one million being achieved in the forthcoming months.
Lighter Outpaces Solana in Speed — But Suffers More Network Outages
Notwithstanding Lighter’s virtually unequaled velocity, numerous network interruptions have been experienced by it since its introduction on October 1st, resembling Solana in its nascent stage.
Remuneration was provided to nearly 3,900 digital wallets by the Lighter collective, totaling $774,872 in USDC, in recompense for its October 28th service failure, which stood as one of the platform’s most conspicuous disturbances to date.
Are Layer-2 Solutions Benefiting Ethereum?
Rezso Schmiedt, a founding associate of ₿RRR Capital, inquired about the source from which supplementary value generation would be derived for the Ethereum primary network.
“Yes, more transactions. But where’s the value accrual? L2s capture fees, not ETH. This question remains open.”
Although Layer 2 solutions enhance the ecosystem’s total capacity, worries have emerged that their proliferation has diminished Ethereum’s supremacy as a primary settlement layer across several critical indicators, encompassing decentralized venue trading volume and fees collected.
The predominant segment of the Ethereum cohort continues to recognize utility in Ethereum layer 2 protocols; nonetheless, harmonizing stimuli between the pair—for instance, via remuneration division, MEV acquirement, and architectural incorporation—is pivotal to guarantee enduring value returns to Ether.
