Bitrabo Editorial
Ethereum’s scaling progress is gaining momentum in the crypto world, with market expert Leon Weidmann affirming its unstoppable advancement. Weidmann, head of research at Onchain Foundation, expresses confidence in Ethereum’s potential to transform the industry.
Ethereum’s Resilient Scaling Amid Market Turbulence
Amidst market uncertainty, Leon Weidmann asserts Ethereum’s scaling development as unyielding, solidifying its role in the blockchain domain. Notably, he emphasizes the network’s advancements in Layer 2 solutions, particularly rollups, enhancing scalability and efficiency despite economic challenges.
Rollups on Ethereum gather multiple transactions, process them off-chain, and then consolidate them into a single transaction back onto the main chain, significantly boosting throughput. Weidmann reports that these rollups are currently processing 24.93 times more Transactions Per Second (TPS) than the Ethereum main chain, demonstrating tangible progress amidst market fluctuations.
Ethereum’s scaling network has been on an upward trajectory, surpassing 246.18 TPS in June, largely driven by heightened activity on networks like Xai, a layer 3 scaling solution tailored for gaming applications.
Rise of Younger Ethereum Layer 2 Solutions
As Ethereum’s layer 2 ecosystem evolves, Weidmann highlights the increasing adoption of newer networks such as Base over established ones like Arbitrum One. Base, supported by Coinbase, boasts over 2.64 million weekly active users within just a year, outpacing older networks like Arbitrum One.
He also points out the rapid growth of other emerging networks like Linea and ZkSync Era, each attracting hundreds of thousands of active users in a relatively short time frame. Weidmann underscores that the ETH scaling landscape is evolving swiftly, exceeding current market expectations.