Starknet Breaks Transaction Speed Record Among Ethereum Layer-2 Networks

Starknet, a prominent zero-knowledge rollup, has announced a groundbreaking achievement in the Ethereum layer-2 ecosystem by reaching a maximum transaction speed of 127.5 transactions per second (TPS) over a 24-hour period. This milestone was accomplished during a gaming stress test, which the team described as a "dress rehearsal for mass use via L2s."

Key Takeaways

• Starknet achieved a peak TPS of 127.5, surpassing Coinbase's Base network.

• The record was set during a stress test involving a game called 'flippyflop.'

• Starknet's total value locked (TVL) is currently $235.7 million, significantly lower than its competitors.

Starknet's Record-Breaking Achievement

The Starknet team reported that their recent stress test not only showcased their network's capabilities but also highlighted the competitive landscape among Ethereum layer-2 solutions. The previous record holder, Coinbase's Base, had a 24-hour TPS of 79.92, which Starknet exceeded by a substantial margin.

The stress test involved a game called 'flippyflop,' developed in collaboration with game studio Cartridge. This game required players to compete against bots in a tile-checking challenge, generating a high volume of simple transactions. The test recorded an impressive 11 million daily transactions, with a peak TPS reaching 857.

The Competitive Landscape of Layer-2 Networks

While Starknet's transaction speed is commendable, it is essential to consider other metrics that define the success of layer-2 networks:

1. Total Value Locked (TVL): Starknet's TVL stands at $235.7 million, which is significantly lower than Base's $2.64 billion and Arbitrum's $2.44 billion.

2. Interoperability: The ability to interact seamlessly with other networks is crucial for user adoption.

3. Decentralization: A balance between speed and decentralization is vital for long-term sustainability.

The Future of Starknet

Starknet is recognized for its advanced cryptographic techniques and technical attributes, positioning it as a leading contender in the Ethereum layer-2 space. However, the network still faces challenges in attracting more decentralized finance (DeFi) protocols to increase its TVL.

The recent stress test serves as a significant step forward, demonstrating Starknet's potential to handle high transaction volumes efficiently. As the competition among layer-2 networks intensifies, Starknet's focus on speed and innovative solutions may play a crucial role in its future success.

Conclusion

Starknet's achievement in breaking the transaction speed record among Ethereum layer-2 networks marks a pivotal moment in the blockchain landscape. As the ecosystem continues to evolve, the emphasis on speed, efficiency, and user experience will be critical for the adoption and growth of layer-2 solutions. With its recent success, Starknet is poised to make a lasting impact in the world of decentralized applications and finance.

Sources

• Starknet Claims to Shatter Transaction Speed Record Among Ethereum Layer-2 Networks Including Base, CoinDesk.