Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Coinbase-incubated layer-2 network Base and Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution zkSync Era have both surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. Base achieved a TPS of 12.93, a 49.76% increase within just one week, while zkSync Era achieved a TPS of 12.62.Base has seen a tremendous surge in activity thanks to the decentralized social media platform Friend.tech, recording nearly $19 million in trading volume and pushing network activity on the layer-2 blockchain. It has attracted approximately $380 million in total assets locked and recorded a trading volume of more than $20 million in the past week, with its daily transaction count hitting an all-time high above $1.88 million. Base even entered the top 10 this week, eclipsing the prominent layer-1 network, Solana.zkSync Era became the first zkEVM to be made publicly available in March after four years in development, facilitating faster and cheaper transactions. Since then, its Total Value Locked (TVL) has increased to $419 million.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	10
People	None
Companies	Matter Labs, Solana, zkSync Era, Coinbase, Base
Currencies	Solana, Bitcoin, Ethereum, Toucan Protocol: Base Carbon Tonne, Era Name Service
Securities	None