Ethereum Layer 3: Highest TPS Surpasses Base Network
The Degen Chain, an Ethereum Layer-3 network, recently set a new record for transactions per second (TPS), achieving an impressive 37.12 TPS. This marks a significant improvement over its previous Layer-2 counterpart, Base, which recorded a TPS of 30.81. Despite the high transaction speed, however, the trading volume remains relatively low at about $788,813 in the same period compared to other blockchains such as Ethereum itself or its Layer-1 competitors.
More details can be found in a detailed report at BeInCrypto | Bitcoin & Crypto News.
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Ethereum Could Yield Validators Up to a Billion USD in Profits
According to forecasts, the Ethereum network could generate more than one billion U.S. dollars in profits for its operators – the validators – in 2024. This assumption is based on the network's shift to Proof of Stake at the end of 2022 and the resulting income from transaction fees alone in the first quarter, which was about $369 million.
Further information can be read at Bitcoin2Go.
Ethereum's Price Reaction Before Bitcoin's Halving
Prior to the upcoming Bitcoin halving event, Ether is also showing strength, rising above the $3000 mark. Analysts speculate that this event will have significant impacts not only on Bitcoin but also on other major cryptocurrencies.
Detailed analyses can be found at IG under this link: IG News and Trading Ideas.
Additional Speed Record Confirmed by Degen Chain
Crypto Magazine also reports on the new speed record set by the Degen Chain within the Ethereum ecosystem with a rate of 37.12 TPS, making it the fastest network.
Read the Krypto Magazin article!
