Ethereum

Aave

Movement

Polygon

Ethereum layer-2 blockchain Movement is aiming to be the “first fast” Ethereum scaler, with its co-founder claiming the network can process nearly double the number of transactions a second compared to its fastest rival at its peak.
Movement’s testnet, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-layer2-movement-labs-polygon-integration" rel="noopener noreferrer nofollow" target="null" text="null" title="null">launched on</a> July 30, had reached a peak of “over 12,000” transactions per second (<a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/ethereum-sharding-a-beginners-guide-to-blockchain-sharding" rel="noopener noreferrer nofollow" target="null" text="null" title="null">TPS</a>) and “in theory, could do 30 to 50 thousand,” Movement Labs co-founder Rushi Manche told Cointelegraph at Korea Blockchain Week.
“We’re gonna be the first fast L2 on Ethereum,” he claimed.
The Ethereum layer 2 with the highest real TPS was Polygon which processed 190 transactions a second, CoinGecko research analyst Lim Yu Qian <a data-ct-non-breakable="null" href="https://www.coingecko.com/research/publications/fastest-blockchains" rel="noopener noreferrer nofollow" target="null" text="null" title="null">reported</a> in May, which is far down from its advertised top TPS speed of 7,000.
Solana was the fastest blockchain in terms of real TPS, with 1,053 transactions a second, which Lim noted “only achieved 1.6% of its theoretical maximum speed of 65,000 TPS.”
Manche attributed Movement’s speed to its programming language, Move — <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/move-langauge-facebook-s-stablecoin-diem-defi" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Facebook’s invention</a> for its abandoned crypto stablecoin project Diem.
Move can achieve such a high TPS, Manche explained, because it can process multiple transactions at once instead of the typical back-to-back.
“If you have 1,000 transactions, you’re waiting for A, then B, then C, then D to finish. It’s pretty slow,’ he said. “With 1,000 transactions on Move, you can execute them concurrently. All at one time.”
<figure><img alt="‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191c4b8-2673-78cf-8d27-2ff485555210">
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 Rushi Manche poses at Korea Blockchain Week in Seoul. Source: Cointelegraph
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But a blockchain hitting its maximum achievable TPS relies on use and volume — more users doing more transactions more frequently to push up the TPS.
Manche said his chain’s testnet has 44 decentralized apps (<a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/what-are-dapps-everything-there-is-to-know-about-decentralized-applications" rel="noopener noreferrer nofollow" target="null" text="null" title="null">DApps</a>) that are boosting its TPS, led in part by Telegram-based <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/telegram-mini-apps-rise-ton-foundation" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Mini Apps</a> that contribute to a tenth of the total TPS volume.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/half-telegram-clicker-gamers-crypto-newcomers-blum-creator" rel="noopener noreferrer nofollow" target="null" text="null" title="null">50% of Telegram tap-to-earn gamers are crypto noobs — Blum CEO</a>
“People are coming toward more consumer and social applications, which are higher TPS demanding” when compared to decentralized exchanges such as Aave and Curve Finance, he explained.
Some Telegram tap-to-earn game apps have recently exploded in popularity, roping in millions of users and even knocking Telegram’s linked <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ton-back-online-dogs-outage" rel="noopener noreferrer nofollow" target="null" text="null" title="null">blockchain offline</a> for long stretches.
“People want the ability to use apps in their phone, so we’re seeing a lot of Telegram-based Move apps,” Manche said. “There are tap apps, there’s Mortal Kombat, there’s all these mini-games that all have transaction volume.”
The Movement mainnet has no publicly available launch date, Manche said its “coming up.”
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/blockchain-transactions-per-second-tps-stupid-big-questions/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions</a>
Additional reporting by Andrew Fenton.

‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet

Cointelegraph

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