Layer 2 rivals Base and zkSync Era blaze a trail in transaction speeds


19 Sep 2023 6:30 AM

Base and zkSync Era achieve record-breaking TPS, but Ethereum reigns in volume. The L2 race unfolds with surprises in speed and market share....

  • Base and zkSync Era achieved impressive transaction speeds, with Base recording 12.93 TPS and zkSync Era recording 12.62 TPS in the past 24 hours.
  • Both platforms outperformed Ethereum in terms of TPS, but Ethereum dominated the volume metric.
  • Ethereum had the highest trading volume, exceeding $382 million, while Base and zkSync Era had trading volumes of $21.3 million and $92 million, respectively.
  • Despite their TPS achievements, both Base and zkSync Era held less than 5% of the market share in terms of Total Value Locked (TVL).

The article provides positive information about the transaction speeds of Base and zkSync Era, but highlights Ethereum's dominance in terms of trading volume.

Go to publisher site

You May Ask

What were the transaction speeds achieved by Base and zkSync Era in the past 24 hours?How did Base and zkSync Era perform in terms of transaction per second (TPS) compared to Ethereum?What were the trading volumes of Base, zkSync Era, and Ethereum?What is the market share of Base and zkSync Era in terms of Total Value Locked (TVL)?

Suggested Reads