Ethereum Ecosystem Achieves Record 24,000 TPS

Ethereum ecosystem hits a record 24,000 TPS with Lighter's contribution.

The Ethereum ecosystem has reached a new all-time high in transactions per second (TPS). Following the inclusion of data from the L2 network by the decentralized exchange Lighter, the figure hit 24,192, according to Growthepie. 

Lighter’s throughput exceeds 4,000 TPS, which is several times higher than the second-layer solution Base, which processes between 100 and 200 operations per second.  

The technological foundation for this new record was laid by the hard forks Pectra and Dencun, which significantly increased the transaction processing speed of L2 networks. 

Ryan Sean Adams, host of the Bankless podcast, noted that second-layer solutions have increased the ecosystem’s scalability by 200 times since October. He attributed this to the spread of ZK technologies and predicted reaching 100,000 TPS in the coming months.

If you’re an L1 pivot to L2.

Ethereum L2s now 4,400 TPS per day.

That’s a 20x TPS jump in the last 30 days.

L2s are now adding a 200x scaling factor to Ethereum.

That spike starting October — that’s all @Lighter_xyz. A team that took the time to use the recent zk L2 tech in… pic.twitter.com/XnYGkkXqdq

— RYAN SΞAN ADAMS — rsa.eth 🦄 (@RyanSAdams) November 4, 2025

Ethereum co-founder Vitalik Buterin commented on the achievement, emphasizing that the blockchain of the second-largest cryptocurrency by market capitalization is “scaling.” 

Ethereum is scaling. https://t.co/3XghLGUX2C

— vitalik.eth (@VitalikButerin) November 4, 2025

The Lighter Network 

The decentralized exchange for trading perpetual contracts announced the launch of its mainnet in early October. 

The system uses zero-knowledge proof-based technologies to verify operations. 

According to the developers, the blockchain’s key advantages include instant order execution, no slippage, and low fees for retail users. 

Since its release, Lighter has experienced several outages. The largest occurred at the end of October when the network failed to process blocks for half an hour.  

It looks like the Lighter L2 contract on Ethereum stopped producing batches 36 minutes ago (normally a batch is posted every few minutes at most). It does seem like two (small) withdraw transactions managed to go through 11 minutes ago. pic.twitter.com/eykJkDFnV2

— Doug Colkitt (@0xdoug) October 11, 2025

The team explained that the cause was the activity of automated bots conducting fake trades. As a result, the price of HYPE from Hyperliquid on the exchange soared from $47 to $98 in one minute. 

The platform compensated affected users $774,872 in the stablecoin USDC. 

Back in late September, on the decentralized exchange Aster, the price of XPL from the stablecoin project Plasma suddenly rose from $1.3 to $4. The cause was an error in the token’s perpetual contract.