Ethereum Hits Record 24K TPS with Lighter L2 Surge

Ethereum has shattered its transaction speed record, reaching an unprecedented 24,192 transactions per second. This milestone was driven by explosive activity on layer 2 scaling solution Lighter, which launched just last month. The integration of Lighter’s transaction data has revealed Ethereum’s true scaling potential, marking a significant breakthrough in blockchain performance and demonstrating how layer 2 solutions are successfully addressing Ethereum’s long-standing scalability challenges while maintaining the network’s security and decentralization.

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Calls for Safer Token Launchpad Practices After LIBRA Memecoin Crash

Pump.fun’s founder has called for stricter regulations on token launchpads following the LIBRA memecoin crash, which resulted in significant user losses and allegations of market manipulation. He emphasized the need for better education, accessible onboarding, and enhanced user protection to safeguard investors in the crypto ecosystem. The LIBRA token, briefly endorsed by Argentine President Javier Milei, saw its market cap plummet by $4.4 billion within hours after a surge in price, raising concerns over insider scams and manipulative practices.

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Ethereum Layer-2 Platforms Reach Record Highs in Stablecoins Locked

Ethereum Layer-2 platforms have reached a record $13.5 billion in stablecoins locked, with Arbitrum leading at $6.75 billion. Tether’s market cap surged to over $140 billion, while the Dencun upgrade has significantly increased Layer-2 transaction activity, driving over 11 million daily transactions across networks like Base and Taiko.

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Base Emerges as Leading Layer Two Amid Ethereum Revenue Decline

Ethereum’s Layer-2 landscape has shifted post-Dencun upgrade, leading to a decline in transaction fees and revenue. While Ethereum struggles with inflation and reduced fees, Base has emerged as a leader, achieving a 15x increase in transactions and over $2.6 million in monthly revenue, driven by a strong user base and thriving memecoins.

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Arbitrum Achieves 1 Billion Transactions Amidst DeFi Growth and Innovation

Arbitrum has achieved a remarkable milestone by processing over 1 billion transactions, with daily volumes soaring to 2 million. This growth is driven by its Optimistic Rollup technology, which enhances Ethereum’s scalability, making DeFi applications more accessible and cost-effective for users. The platform has attracted significant liquidity, exceeding $3.29 billion, and continues to expand its ecosystem with new integrations like DIA oracles, further enhancing its functionality.

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Surge in Daily Active Addresses on Base Driven by New Services

Base, the Ethereum layer-2 protocol by Coinbase, has seen its daily active addresses surge past 2 million, driven by the launch of Coinbase Wrapped Bitcoin (cbBTC) and the Base Name Service (BNS). Since cbBTC’s introduction on September 12, it has attracted over 3,500 users, facilitating an average of $472 million in BTC transactions daily. Meanwhile, BNS, launched on August 21, has significantly enhanced user engagement by allowing the registration of human-readable names for addresses, contributing to Base’s dominance in active addresses among layer-2 networks.

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Analysis of Layer 2 Fees and Their Impact on Ethereum Revenue

Arbitrum has generated 2.9 ETH in fees, with less than 26% allocated to Ethereum L1, highlighting a significant retention of fees by L2s post-Dencun upgrade. OP Mainnet leads with a retention ratio of $321.31 for every $1 spent on L1 security, raising concerns about whether L2s are parasitic or symbiotic to Ethereum’s ecosystem.

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Ethereum Shows Signs of Bull Market Amid Supply Crisis and Whale Activity

Ethereum is showing signs of a bullish trend, maintaining its price above the realized level despite recent declines. Key indicators, including rising staking rates and dwindling exchange reserves, suggest a looming supply crisis that could drive prices higher as demand increases.Additionally, Ethereum’s transaction volume has reached an all-time high, and increased whale activity indicates potential for significant price surges. The overall altcoin market is also showing positive trends, making Ethereum an attractive opportunity for traders.

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Chainlink Tools Enhance Developer Capabilities on Base Network Blockchain

Chainlink has integrated its full suite of products, including Data Streams and Verifiable Random Function (VRF), on the Base network, enhancing developers’ capabilities for building advanced on-chain applications. Base has seen significant growth, processing over 4 million transactions in a day, far surpassing its closest competitor, Arbitrum. The introduction of Data Streams offers low-latency market data for DeFi products, while the upgraded VRF provides secure random number generation for smart contracts on the platform.

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Ethereum Layer 2 Networks Surge in Transactions Outpacing Mainnet Activity

Ethereum layer 2 networks are experiencing remarkable growth, with daily transaction counts reaching a new high of 12.2 million, significantly outpacing the mainnet’s declining activity. The Base network led with over 3.6 million transactions, while Manta also saw a notable spike. In contrast, the Ethereum mainnet’s transaction count has decreased, highlighting a shift in activity towards these newer layer 2 solutions.

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