Ethereum’s Xai Sets New Daily Transaction Volume Record

On June 16, the Ethereum ecosystem saw a significant increase in transactions per second (TPS), reaching a total of 245.87 TPS. This surge is primarily driven by Xai, a new Layer-3 (L3) solution developed by Offchain Labs. Xai’s TPS surged to 101.72, surpassing Degen Chain and outpacing solutions like Base and Arbitrum. Despite the impressive TPS numbers, Xai’s total value locked (TVL) is still relatively low at $1.33 million.

key point:

  1. Record TPS: Ethereum’s extended network reached 245.87 TPS on June 16, processing approximately 21.2 million transactions in a single day.

  2. Xai’s TPS surges: Xai, Ethereum’s L3 solution, achieved 101.72 TPS, setting a new high for daily TPS in the ecosystem.

  3. Surpassing the competition: Xai surpassed the TPS records of Degen Chain, Base and Arbitrum at 32.97 TPS and 20.65 TPS respectively.

  4. Relatively low TVL: Despite its high TPS, Xai has a relatively low TVL of $1.33 million, compared to Arbitrum One and Base, which have higher TVLs.

  5. Vitalik Buterin’s views on L3 technology: Vitalik Buterin believes that L3 technology provides customized extensions and functions, which is different from the main extension role of L2.

analyze:

The surge in Ethereum TPS, driven by Xai’s L3 solution, highlights the potential for customized extensions and functionality in the blockchain ecosystem. While high TPS numbers indicate enhanced scalability, relatively low TVL suggests a possible discrepancy between transactional capabilities and financial participation. This dynamic could impact Ethereum’s ecosystem, potentially shifting value from L1 to L2 and L3 layers. Long-term, L3 solutions like Xai could redefine scalability standards, influencing the development of DeFi and Dapps. However, concerns about value transfer and ecosystem integrity remain, requiring a balanced approach to L3 integration.

do you know?

  • Layer-3 (L3) Solutions: L3 solutions are designed to sit on top of Layer-2 (L2) networks, providing additional scalability and specialized capabilities, as opposed to the primary scaling role of L2.

  • Total Value Locked (TVL): Despite its high TPS, Xai’s relatively low TVL suggests that while a large number of transactions are processed, the value of the assets traded is not as high as on other platforms.

  • Transactions per Second (TPS): High TPS numbers like those achieved by Xai indicate enhanced scalability and performance, which is critical to supporting high-demand applications such as gaming or DeFi.


Further reading:

  1. Understand the Xai staking ecosystem to earn XAI tokens

  2. Understanding XAI staking mechanism and ecological development

  3. In-depth analysis of the core logic of the XAI project

  4. Game public chain Xai: Binance Square database


$XII

#Xai #Arbitram #GameFi #web3 #Xai先锋创世纪