Ethereum just blew past its previous transaction speed record, processing an insane 24,192 transactions per second. The surge came from adding a new layer 2 network called Lighter that went live last month and has been absolutely tearing through transactions ever since.
Lighter is a decentralized perpetual futures platform that uses some clever zero-knowledge proof technology to crank out about 4,000 transactions per second on its own. Compare that to Base Chain, which usually does maybe 100-200 TPS, and you can see why this matters so much for Ethereum’s overall capacity.
Vitalik Buterin tweeted, “Ethereum is scaling,” as the numbers came in. Ryan Adams from Bankless said layer 2 solutions have now given Ethereum a 200x scaling boost since October, and he thinks we could see 100,000 TPS soon, with a million eventually possible.
This whole thing builds on upgrades Ethereum pushed through earlier this year. The Dencun upgrade from March cut data costs for layer 2 networks by 90%, which basically opened the floodgates for projects like Lighter to operate efficiently.
Lighter did face one setback, though. On October 28, the network experienced an outage that temporarily affected around 3,900 wallets. The team later compensated users with over $774,000 in USDC. Incidents like these are fairly common in fast-growing blockchain networks; Solana went through similar challenges during its early scaling phases
Still, hitting 24,192 TPS proves Ethereum’s layer 2 strategy is actually working in practice, not just in theory. Despite the spike in network throughput, ETH has remained relatively stable around $3,389 over the past 24 hours. Analysts suggest that while the scaling milestone is significant, its impact may be long-term rather than an immediate price catalyst.
Conclusion
Ethereum reached a record 24,192 transactions per second powered by Lighter layer 2’s 4,000 TPS capability, validating the scaling strategy through zero-knowledge proofs despite occasional network outages.
Also Read: Bitcoin Crashes
