Ethereum Hits Record 24,192 TPS as Layer 2s Boost Network Growth

Sean Williams
ethereum-ETFs

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  • Ethereum reached a record 24,192 TPS, led by new Layer 2 protocol Lighter.
  • Over $32 million in ETH was burned amid surging network activity.
  • Upgrades like Dencun and Pectra are powering Ethereum’s path to 1M TPS.

Ethereum has reached a new performance milestone, processing 24,192 transactions per second (TPS) — the highest speed ever recorded on the network. The record, confirmed by analytics firm Growthepie, was largely driven by Lighter, a new Layer 2 scaling solution that alone handles around 4,000 TPS. This achievement underscores how Layer 2 networks have become the backbone of Ethereum’s scaling progress, far surpassing the base layer’s capacity of roughly 15–20 TPS.

Lighter Leads the Charge in Ethereum’s Scaling Revolution

Lighter’s rapid adoption has reshaped Ethereum’s performance landscape, outperforming established Layer 2 platforms like Base, which typically processes 100–200 TPS. However, the protocol’s early success hasn’t come without challenges. Since its launch in October, Lighter has faced multiple outages, prompting comparisons to Solana’s early network instability. Despite the hiccups, the team behind Lighter compensated affected users with nearly $775,000 in USDC, maintaining community trust.

$32.2 Million in ETH Burned as Activity Surges

Ethereum’s transaction surge has also fueled a sharp rise in ETH burned — 9,463 ETH in the past month, valued at about $32.2 million. Researcher Leon Waidmann highlighted that Layer 2 networks like Base, Optimism, Arbitrum, and Worldcoin are driving this trend, as more “blobs” scale L2s “at warp speed.” Increased activity across these platforms not only reduces Ethereum’s circulating supply but may also shape long-term price dynamics.

Upgrades Pave the Way for Scalability

The recent Pectra and Dencun upgrades laid the groundwork for this historic performance. By improving data handling and enabling zero-knowledge (ZK) technology, Ethereum now supports faster, cheaper, and more efficient Layer 2 operations. According to Ryan Sean Adams of Bankless, these advances bring Ethereum closer to a future where it could handle 100,000 — or even 1 million — TPS.

Also Read: Ethereum Falls 12%: $3,200–$3,350 Key Support

As Layer 2s capture growing transaction volume, questions linger about Ethereum’s long-term value model. Some experts argue that mechanisms like fee sharing and MEV redistribution are essential to ensure Ethereum’s mainnet continues to benefit from its scaling ecosystem.

Ethereum’s 24,192 TPS milestone marks more than a technical achievement — it’s a glimpse into the network’s scalable future. While Lighter and other L2s fuel this growth, Ethereum’s challenge now lies in ensuring that innovation translates into lasting value for the entire ecosystem.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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