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Degen Chain L3 now tops the TPS charts within the Ethereum ecosystem

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Degen Chain, a meme coin-inspired layer 3 built on Base, recorded the most transactions among all Ethereum-based networks over a 24-hour period on Thursday.

The average value transacted on Degen Chain is rather small at $0.27, however, compared to Ethereum and Base at $1,867 and $170, respectively.

Degen’s TPS count increased 62% over the last day to notch 35.7 TPS — beating out the blockchain it was built on, Base, at 29.7 TPS,TPS by Ethereum-based blockchain over the last 24 hours. Source: L2BEAT But Degen Chain has only notched $819,600 in trading volume over the last day, placing it 35th out of 44 blockchains

 

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