On June 16, the Ethereum ecosystem set a new record for transactions per second (TPS).
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million #transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and #ARBİTRUM also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a #tvl of $17.91 billion, and Base, in second place, has $7.59 billion.
