In a surprising turn of events, the transaction per second (TPS) of the Ethereum ecosystem has skyrocketed to a historic high due to the sudden surge in Layer3 TPS. According to L2BEAT data, on June 16th, the Ethereum scaling network, including Layer2 and Layer3 blockchains, collectively recorded 246.18 TPS, equivalent to an estimated 21.2 million transactions per day. More than 41% of the transactions occurred on Xai, a new Ethereum Layer3 scaling solution focused on gaming applications supported by Offchain Labs. Prior to June 10th, Xai’s TPS hovered around 1 per day, but has been steadily increasing almost every day since then, reaching a peak of 101.72 TPS on June 16th.
