Martin Young3 hours agoSolana rival Base hits 400 TPS, claims core contributorImpressive TPS figures are being shared by Base proponents, but critics say they may be skewed unfairly in the network’s favor by including failed transactions.1939 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksCoinbase Ethereum layer-2 network Base has been hitting high transaction per second (TPS) throughput according to the firm’s head of protocols, Jesse Pollak.
In an April 9 post to X, Pollak reported seeing throughput as high as 300–400 TPS, which he said was being achieved “with no issues.”
However, the Coinbase-backed layer-2 blockchain has a real-time TPS of 26.8 and a maximum recorded TPS of 292, according to Chainspect.
Layer-2 ecosystem analytics platform L2Beat reported that average transactions per second on Base reached a peak of 37 on April 8, more than double Ethereum’s 14 TPS.Source:Jesse Pollack
In a response to Pollak’s original post on X, pseudonymous trader Wazz claimed that if Pollak’s observations were accurate, then the network could be achieving a similar TPS to the Solana network.“Correct me if I’m wrong but if true then Base is now doing the same TPS as Solana.”
Wazz added that around 60% of Solana’s reported 1,000 TPS were failed transactions, meaning that the actual TPS was closer to 400.
Solana-based Helius Labs CEO Mert Mumtaz questioned Pollak’s TPS figures, arguing that failed transactions were not included in the Base figures.
He added that the biggest Base block in the data provided had 94% failed transactions, resulting in a real TPS of 41.Source: Mert Mumtaz
The findings come amid rising tensions between proponents of Ethereum layer-2 scaling solutions and advocates of the Solana network. In recent weeks, Solana has been plagued by vocal complaints of degraded user experience, failing transactions and other reliability issues.
Mumtaz previously claimed that Solana’s current issues are not due to a fundamental design flaw but rather a specific implementation bug in the networking protocol.
On April 9, Cointelegraph reported that several Solana project launches have been delayed due to ongoing network congestion.
Related:Base TVL doubles in a month as pundits tip memecoins to drive adoption
Base has witnessed a sharp uptick in network activity in recent months, largely driven by an escalating memecoin frenzy.
The total value locked (TVL) on the Base network surged to an all-time high of $1.5 billion on April 9, according to DefiLlama data. This represents an increase of 235% since the beginning of this year as memecoin degens flocked to the network.Base TVL. Source: DefiLlama
While degens have been racing to find the latest trend in new memecoins, an in-depth analysis of new memecoins on Base found that over 90% had at least one security vulnerability, while 17% were outright scams.
Magazine:1 in 6 new Base memecoins are scams, 91% have vulnerabilities# Blockchain# Transactions# Base# SolanaAdd reaction