Ethereum TPS Soars to 24K with Lighter Layer 2 Boost
According to Growthepie data, Ethereum TPS reached a record 24,192 transactions per second after including Lighter layer 2’s ~4,000 TPS. Ethereum TPS figures now factor in Layer 2 throughput, while the Base chain remains between 100–200 TPS.
This milestone follows the Pectra and Dencun upgrades, which enhanced layer 2 scalability. Ethereum co-founder Vitalik Buterin and Bankless host Ryan Sean Adams praised these improvements and forecast Ethereum TPS climbing to 100,000 and eventually 1 million.
However, Lighter has suffered multiple outages since its October 1 launch and compensated nearly 3,900 wallets with $774,872 USDC after an October 28 disruption. Experts warn that Layer 2 networks capturing fees may divert value from the ETH mainnet if incentives aren’t aligned.
Traders should note that higher Ethereum TPS drives lower fees and deeper DeFi liquidity, but must monitor Layer 2 stability and the development of fee-sharing and MEV integration to ensure sustainable value flow to ETH.
Bullish
Higher Ethereum TPS signals improved network efficiency, lower gas fees and greater DeFi capacity, which are positive drivers for ETH demand. Milestones like 24K TPS highlight successful Pectra and Dencun upgrades and Layer 2 scaling via Lighter. While Lighter outages and fee diversion concerns introduce short-term risk, ongoing incentive alignment through fee sharing and MEV integration can underpin long-term value accrual to ETH, supporting a bullish outlook.