What You Need to Know:

• BASE is leading in the enhancements of Layer 2’s transaction processing ability.
• The record throughput occurs amidst worries that growing demand might strain available capacity.

Ethereum layer-2 protocols are achieving faster processing speeds for transactions, with Coinbase’s BASE taking the lead in this progress. According to data from growthepie.xyz, the total transaction throughput for these protocols has soared to 29.64 million gas units per second (Mgas/s), marking the highest speed on record, with BASE contributing 67% of that total. Gas represents the fees charged to users for executing transactions.

Layer-2 protocols function as scaling solutions that operate over primary blockchains like Ethereum, enabling a higher transaction capacity at reduced costs. The increase in millions of gas units per second indicates an upsurge in the volume of transactions the network can manage in a given second.

This surge in throughput emerges amid concerns that the growing demand for layer 2 solutions could rapidly exhaust their available capacity.