Degen Chain Sets New TPS Record in Ethereum Ecosystem
Degen Chain Breaks Record with Highest TPS in Ethereum Network
Degen Chain, an emerging layer-3 network on Ethereum, achieves a groundbreaking TPS of 37.12, outperforming layer-2 networks like Base. This accomplishment marks Degen Chain as a standout performer in the blockchain ecosystem.
TPS Performance and Economic Evaluation
Over the past 24 hours, Degen Chain processed 3.2 million transactions, showcasing its rapid transaction processing capabilities. Despite its high TPS, questions arise about the economic utility given its low average transaction value of $0.24 compared to other networks.
Importance of Quality Transactions
Critics highlight the significance of considering both the quantity and quality of transactions to assess blockchain performance accurately. The analogy of counting bills in a wallet underscores the need for a comprehensive evaluation beyond TPS metrics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.