Ethereum’s Layer 2 protocols are processing transactions faster than ever, with Coinbase’s BASE at the forefront of this progress.
According to data from growthepie.xyz, the cumulative transaction throughput for layer 2 has skyrocketed to 29.64 million units of gas per second (Mgas/s), the highest pace ever recorded. BASE leads the way, representing 67% of the total. Gas is the fee that users pay to carry out a transaction.
Layer 2 protocols are scalability solutions built on top of primary blockchains like Ethereum and are designed to handle higher transaction volumes at a lower cost. The millions of gas units per second metric reflects the number of transactions the network processes each second.
This increase in performance comes amid concerns that sustained demand for Layer 2 solutions could quickly exhaust available capacity.
