Ethereum L2 transaction volume hits a record high of 318 transactions per second

According to Foresight News, Ethereum L2 transaction volume hit an all-time high on August 7, averaging 318 transactions per second, driven by the growth of networks such as Xai, Base, and Proof of Play.

Ethereum scaling solutions now handle 24 times the transaction volume of the base Ethereum chain.

L2 solutions including Base, Arbitrum, Blast, Optimism, and Mantle together account for $11.7 billion of native TVL, or $36.7 billion if bridge deposits are included.