Ethereum Layer 2 protocols process transactions faster than ever, with Coinbase’s BASE at the forefront of this advancement.
According to data from Growthepie.xyz, the cumulative transaction throughput for Layer 2s jumped to 29.64 million gas units per second (Mgas/s), the highest pace ever recorded. BASE comes first with 67% of the total. Gas is the fee users pay to complete a transaction.
Layer 2 protocols are scalable solutions built on top of primary blockchains like Ethereum and are designed to handle a higher volume of transactions at a lower cost. The millions of gas units per second measurement reflects the number of transactions processed by the network each second.
This increase in throughput comes amid concerns that sustained demand for Layer 2 solutions could quickly exhaust available capacity.
