Ethereum

Solana

Base

April

Coinbase 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 <a href="https://twitter.com/jessepollak/status/1777771094516392435" target="_blank" rel="noopener nofollow">reported</a> 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, <a href="https://chainspect.app/chain/base" target="_blank" rel="noopener nofollow">according</a> 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. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/d5fa9afd-9f7d-48e6-96a1-8d7fc653ff05.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/jessepollak/status/1777771094516392435" target="_blank" rel="noopener nofollow">Jesse Pollack</a>
 </figcaption>
</figure>
In a <a href="https://twitter.com/WazzCrypto/status/1777772823408234816" target="_blank" rel="noopener nofollow">response</a> 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. 
<blockquote data-ct-non-breakable="true">
 “Correct me if I’m wrong but if true then Base is now doing the same TPS as Solana.” 
</blockquote>
Wazz added that around 60% of Solana’s <a href="https://chainspect.app/chain/solana" target="_blank" rel="noopener nofollow">reported</a> 1,000 TPS were failed transactions, meaning that the actual TPS was closer to 400. 
Solana-based Helius Labs CEO Mert Mumtaz <a href="https://twitter.com/0xMert_/status/1777795276184420848" target="_blank" rel="noopener nofollow">questioned</a> 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. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/d54c445c-2385-4d56-a67a-5e93cc22f26c.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/0xMert_/status/1777795276184420848" target="_blank" rel="noopener nofollow">Mert Mumtaz</a>
 </figcaption>
</figure>
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 <a href="https://cointelegraph.com/news/solana-struggling-record-seventy-five-percent-trasnactions-fail-memecoin-mania">plagued by vocal complaints</a> of degraded user experience, failing transactions and&nbsp;<a href="https://cointelegraph.com/news/solana-outage-client-diversity-beta">other reliability issues</a>.
Mumtaz previously <a href="https://twitter.com/0xMert_/status/1777400489488900102" target="_blank" rel="noopener nofollow">claimed</a> 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 <a href="https://cointelegraph.com/news/solana-projects-delay-launch-network-congestion">delayed due to ongoing network congestion</a>. 
Related: <a href="https://cointelegraph.com/news/coinbase-network-base-tvl-doubles-month-memecoins-drive-adoption">Base TVL doubles in a month as pundits tip memecoins to drive adoption</a>
Base has witnessed a sharp uptick in network activity in recent months, largely <a href="https://cointelegraph.com/news/coinbase-network-base-tvl-doubles-month-memecoins-drive-adoption">driven by an escalating memecoin frenzy</a>. 
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 <a href="https://defillama.com/chain/Base" target="_blank" rel="noopener nofollow">data</a>. This represents an increase of 235% since the beginning of this year as memecoin degens flocked to the network. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/f1f484b5-fa94-4b80-aa07-8731a7e2ae37.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Base TVL. Source: DefiLlama
 </figcaption>
</figure>
While degens have been racing to find the latest trend in new memecoins, an <a href="https://cointelegraph.com/magazine/base-meme-coins-scams-vulnerabilities-honeypot/">in-depth analysis</a> of new memecoins on Base found that over 90% had at least one security vulnerability, while 17% were outright scams.
Magazine: <a href="https://cointelegraph.com/magazine/base-meme-coins-scams-vulnerabilities-honeypot/">1 in 6 new Base memecoins are scams, 91% have vulnerabilities</a>

Solana rival Base hits 400 TPS, claims core contributor

Cointelegraph

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