- October 30, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Starknet, the Ethereum layer-2 network, has hit a new transaction per second (TPS) milestone that outstrips that of other L2s.
On Oct. 29, the project announced on X that its network reached a peak of 857 TPS on the Starknet Mainnet, surpassing its previous high of 503 TPS.
The Starknet team later confirmed to CryptoSlate on Oct. 30 that this milestone involved processing 11 million transactions within 24 hours, setting an average TPS record of 127.5. This figure marks a new high for any Ethereum L2.
Starknet’s record TPS
According to the project, the milestone came from a collaborative, day-long stress test conducted by StarkWare, game developer Cartridge, and the Starknet Foundation. The stress test involved Cartridge’s game “Flippy Flop, ” in which users competed against bots to check tiles on a grid. Bots attempted to undo the users’ actions by unchecking tiles at random.
This intensive testing process was crafted to push Starknet’s transaction throughput, using simple transactions that could be measured alongside other Ethereum Virtual Machine (EVM) chains.
StarkWare CEO Eli Ben-Sasson celebrated the achievement as a significant milestone for both Starknet and the broader L2 ecosystem. He noted that this accomplishment highlights the potential for mass adoption of L2 solutions, especially as platforms like Starknet continue to emphasize decentralization.
He stated:
“While some will clear the path to high TPS by compromising on values, [we have shown that] high throughput can be reached while honoring the sacred blockchain value of decentralization.”
Ben-Sasson also mentioned in an X post that the test had a negligible impact on gas fees, underscoring Starknet’s efficiency even under significant load.
Over the past year, Starknet has emerged as a key player among Ethereum’s layer-2 solutions and is known for its advanced cryptographic design and technical strengths.
However, Starknet ranks lower than some competitors, especially in terms of total value locked (TVL), the measure of assets held on a network. According to L2Beats, Starknet’s TVL stands at $660 million, which is far behind that of Arbitrum’s $13 billion and the Coinbase-backed network Base with over $8 billion locked.
The post Starknet overtakes Coinbase-backed Base with stress test propelling 857 TPS milestone appeared first on CryptoSlate.