Starknet, the Ethereum layer-2 network, has achieved a new milestone in transaction per second (TPS) performance, surpassing other L2 solutions. On Oct. 29, the project announced a peak of 857 TPS on the Starknet Mainnet, with 11 million transactions processed in 24 hours, setting an average TPS record of 127.5. This achievement establishes a new high for any Ethereum L2 network.
The record-breaking TPS was a result of a collaborative stress test conducted by StarkWare, game developer Cartridge, and the Starknet Foundation. The test involved the game “Flippy Flop,” where users competed against bots in a grid-based challenge. This rigorous testing aimed to push Starknet’s transaction throughput using simple transactions that could be compared to other Ethereum Virtual Machine (EVM) chains.
StarkWare CEO Eli Ben-Sasson emphasized the significance of this milestone for Starknet and the wider L2 ecosystem. He highlighted the importance of achieving high TPS while maintaining decentralization, noting that Starknet’s performance under stress test conditions demonstrated its efficiency without significantly impacting gas fees. This accomplishment showcases the potential for mass adoption of L2 solutions, especially those focused on decentralization.
Despite its technical strengths and advanced cryptographic design, Starknet currently lags behind some of its competitors in terms of total value locked (TVL). While the project’s TVL stands at $660 million, other L2 solutions like Arbitrum and Base have significantly higher TVLs of $13 billion and over $8 billion, respectively. However, Starknet’s recent TPS milestone underscores its position as a key player in Ethereum’s layer-2 ecosystem.
As Starknet continues to enhance its capabilities and prioritize decentralization, it is poised to attract more users and developers seeking high-performance L2 solutions on the Ethereum network. The project’s emphasis on efficiency and scalability, as demonstrated by its record TPS achievement, positions it well for future growth and adoption in the evolving blockchain landscape. With ongoing developments and collaborations, Starknet is paving the way for a more robust and decentralized Ethereum ecosystem.
