Ad
Tech
Share this article

Starknet Claims to Shatter Transaction Speed Record Among Ethereum Layer-2 Networks

According to the team, Starknet reached "a max TPS of 127.5 over the past 24 hours," eclipsing the speed record from Coinbase's Base.

Updated Oct 30, 2024, 5:49 p.m. Published Oct 30, 2024, 1:38 p.m.
Chart purporting to show Starknet breaking TPS record (Starknet/Voyager.online)
Chart purporting to show Starknet breaking TPS record (Starknet/Voyager.online)

Starknet, a zero-knowledge rollup, said Wednesday it had shattered the record for transactions per second (TPS) among Ethereum layer-2 networks.

According to the team, Starknet reached "a max TPS of 127.5 over the past 24 hours."

"The milestone occurred during a gaming stress test, which was dubbed 'dress rehearsal for mass use via L2s,'" a press release stated.

A Starknet spokesperson wrote in an email that the feat knocked Coinbase's layer-2 network, Base, off the top spot, beating Base’s record 24-hour TPS of 79.92 TPS "by a large margin," citing the website L2Beat.

CoinDesk reached out to Coinbase, and a spokesperson responded: "Overall, Base’s mission is to bring a billion people onchain, and we know we can’t do that alone. Faster and cheaper onchain transactions are an important step to making this technology more accessible to everyone. We believe a rising tide raises all boats, and we're glad to see progress toward even faster onchain transactions across the ecosystem."

Chart purporting to show Starknet breaking TPS record (Starknet/Voyager.online)
Chart purporting to show Starknet breaking TPS record (Starknet/Voyager.online)

Starknet is seen as one of the top teams building layer-2 networks atop Ethereum, due to its sophisticated cryptography and technical attributes – even though it ranks lower than rival projects on leaderboards of top destinations for decentralized-finance (DeFi) protocols. Its total value locked (TVL) — a measure of deposits socked into protocols on the network — currently stands at $235.7 million, according to DeFi Llama. That's well behind Base's $2.64 billion and Arbitrum's $2.44 billion.

But the layer-2 projects are competing on other key metrics – including speed, interoperability and the degree of decentralization.

The latest "stress test" of the Starknet network was a joint effort between StarkWare, game development firm Cartridge and the Starknet Foundation.

'Flippyflop'

Some 11 million daily transactions were recorded, and the peak TPS was 857, according to the team.

"The stress test was conducted with a game called 'flippyflop,' developed by Cartridge," a press release stated. "The tile game saw users competing against bots to check tiles on the grid. Bots worked to undo the gamers’ work by unchecking tiles at random. As such the theme was 'human vs. machine.' The high pace of simple transactions generated during this game was designed to be the ultimate test for Starknet’s TPS."

It should be noted that Starknet's TPS test may not be an apples-to-apples test comparison versus other networks.

In other contexts, such as with zero-knowledge provers — a crucial component within many blockchain systems — there have been special efforts to conduct tests in a controlled environment.

And often there are tradeoffs – speed versus decentralization, for example.

Read more: What Are Rollups? ZK Rollups and Optimistic Rollups Explained

UPDATE (17:48 UTC): Adds comment from Coinbase spokesperson.


Bradley Keoun

Bradley Keoun is CoinDesk's managing editor of tech & protocols, where he oversees a team of reporters covering blockchain technology, and previously ran the global crypto markets team. A two-time Loeb Awards finalist, he previously was chief global finance and economic correspondent for TheStreet and before that worked as an editor and reporter for Bloomberg News in New York and Mexico City, reporting on Wall Street, emerging markets and the energy industry. He started out as a police-beat reporter for the Gainesville Sun in Florida and later worked as a general-assignment reporter for the Chicago Tribune. Originally from Fort Wayne, Indiana, he double-majored in electrical engineering and classical studies as an undergraduate at Duke University and later obtained a master's in journalism from the University of Florida. He is currently based in Austin, Texas, and in his spare time plays guitar, sings in a choir and hikes in the Texas Hill Country. He owns less than $1,000 each of several cryptocurrencies.

picture of Bradley Keoun