According to Cointelegraph, Ethereum layer-2 blockchain Movement is positioning itself as the fastest Ethereum scaler, with its co-founder asserting that the network can handle nearly double the transactions per second (TPS) compared to its closest competitor at peak performance.
Movement’s testnet, which launched on July 30, achieved a peak of over 12,000 TPS and theoretically could reach 30,000 to 50,000 TPS, according to Movement Labs co-founder Rushi Manche, who spoke at Korea Blockchain Week. Manche claimed, 'We’re gonna be the first fast L2 on Ethereum.'
Currently, Polygon holds the highest real TPS among Ethereum layer-2 solutions, processing 190 transactions per second, as reported by CoinGecko research analyst Lim Yu Qian in May. This figure is significantly lower than Polygon’s advertised top speed of 7,000 TPS. Solana, on the other hand, is the fastest blockchain in terms of real TPS, with 1,053 transactions per second, achieving only 1.6% of its theoretical maximum speed of 65,000 TPS.
Manche attributed Movement’s high speed to its programming language, Move, originally developed by Facebook for its now-abandoned crypto stablecoin project Diem. Move allows for concurrent processing of multiple transactions, unlike the typical sequential processing. 'If you have 1,000 transactions, you’re waiting for A, then B, then C, then D to finish. It’s pretty slow,' Manche explained. 'With 1,000 transactions on Move, you can execute them concurrently. All at one time.'
However, achieving maximum TPS depends on user activity and transaction volume. Manche noted that Movement’s testnet includes 44 decentralized apps (DApps) that are enhancing its TPS, with Telegram-based Mini Apps contributing to a significant portion of the volume. 'People are coming toward more consumer and social applications, which are higher TPS demanding,' he said, comparing them to decentralized exchanges like Aave and Curve Finance.
Some Telegram tap-to-earn game apps have recently surged in popularity, attracting millions of users and even causing Telegram’s linked blockchain to experience downtime. 'People want the ability to use apps in their phone, so we’re seeing a lot of Telegram-based Move apps,' Manche added. 'There are tap apps, there’s Mortal Kombat, there’s all these mini-games that all have transaction volume.'
While the Movement mainnet does not have a publicly available launch date, Manche indicated that it is 'coming up.'
Alex
Kikyo
Hui Xin