These statistics were provided by L2BEAT, a platform dedicated to analyzing layer-2 scaling solutions for Ethereum. The noteworthy aspect of these findings is that Ethereum (ETH) contributes to around 87% of the Total Value Locked (TVL) on the Base platform. This substantial Ethereum support reflects the community's confidence in Base's ability to enhance scalability and lower transaction expenses.
While the rapid growth of Base's TVL is attracting attention, it's important to assess the transaction performance of these platforms. Recent data indicates that Base achieves approximately 5.61 Transactions Per Second (TPS). This places it slightly behind other major layer-2 solutions in terms of speed. For instance, Optimism achieves 6.88 TPS, Arbitrum One records 7.07 TPS, and zkSync Era leads with an impressive 10.44 TPS.
The competition among layer-2 scaling solutions is unquestionably intensifying. Each solution aims to provide users with the smoothest and most efficient experience while addressing the pressing issues of high fees and network congestion that have affected the Ethereum network. This growing competition is anticipated to foster innovation and enhancements in this field, benefiting both developers and end-users.
