By
Godfrey Benjamin
April 29th, 2024
Base’s latest TPS figures have brought about an unavoidable comparison between its network and that of Solana.
A core contributor on Coinbase Ethereum layer-2 Base has hinted about an impressive throughput recently achieved on the network. According to Jesse Pollak, who is also the firm’s Head of Protocols, the Base network is conveniently seeing a throughput of between 300-400 transactions per second (TPS). He shared the update in a recent X post, albeit to the excitement of his over 98,000 followers on the platform.
Interestingly, however, Chainspect data showed a real-time TPS of 30.25 and a maximum recorded TPS of 292 as of publication.
Users Compare Base to Solana
Without a doubt, the Base network is currently doing an impressive amount of TPS. Layer-2 ecosystem analytics platform L2Beat even reported that Base’s average TPS peaked at 37 on April 8. That is way above double of Ethereum’s 14 TPS.
Base’s latest TPS figures have brought about an unavoidable comparison between its network and that of Solana. A keen observer, identified as Wazz, probed Pollak’s X report, claiming that Base if the reports are true, then Base may already be at par with Solana in terms of TPS. He wrote:
“Correct me if I’m wrong but if true then Base is now doing the same TPS as Solana.”
Wazz’s submission considers that though Solana reportedly hit 1,000 TPS, 60% of those transactions did fail. For the pseudonymous trader, that translates to Solana’s actual TPS being somewhere around 400.
Similarly, those on Solana’s side are also questioning Pollak’s Base claims. According to Solana-based Helius Labs CEO Mert Mumtaz, Pollak did not include failed transactions in his figures. Mumtaz posted that the biggest Base block has 84% failed transactions. He added that if that was put into consideration and factored into the data, then Base’s real TPS should be around 41.
The arguments come amid the rising popularity of Ethereum layer-2 scaling solutions among some users. Meanwhile, Solana network advocates continue to claim its superiority despite the recent setbacks being experienced on the network.
Overall, the Base network has been seeing massive activity lately, causing its total value locked (TVL) to soar to an all-time high of $1.5 billion on Tuesday. That is according to DeFiLlama data. The TVL marks a 235% surge since the start of 2024 and serves as a testament to the memecoin frenzy that is currently ongoing.