Author: Artem Mikoshi
Ethereum processes 1.5 million transactions per day, which is about 17 TPS.
Any L2 solution is currently impossible to overload, considering all Dapps even at 1/10.
Therefore, it looks quite comical when a project claims 50,000 TPS, 10,000, or 1,000.
Considering that even VISA, approximately (1,000–4,000 TPS) has a much higher peak potential (officially 65k) and Mastercard (1,000–3,000) is used by the entire world, it's even difficult to overload them.
And we come to a situation where the power of projects is so excessive that even if Ethereum and cryptocurrency become 10 times more popular, right now it’s almost impossible to overload L2.
And then the question arises, if I understand this, don’t the creators understand when they include high speeds in their roadmap? They understand everything; it just sells relatively well now, but not all projects are currently focused on transaction speed. The leader in such distortions now is StarkNet.
However, instead of attracting developers and lowering the entry threshold into the project, some L2s spend their resources on some nonsense, even after 10 years, it's unlikely that current technologies will be overloaded. They sell us a beautiful wrapper and useless excess power.
And interestingly, StarkNet is very fast, with technologies that surpass #ARB and #OP , yet we see how big players form partnerships with these two and even with #ZK with a fairly dead network now, rather than with #STRK . Of course, the programming language problem, compatibility with EVM, grants, etc., I've discussed in the video, but StarkNet continues to get hung up on these numbers as if it really affects anything. Companies in collaboration are unlikely to look and say, wow, this project has 30k TPS, and this one has 5k... it's important to look at other factors.
One might think this is a ten-year head start; the project will be strong! But we don’t care what will happen in 10 years; after this cycle, in a bear market, from STRK, ARB, and OP, there will be no trace left, as even Bitcoin has previously dropped by 80%.
You might ask, if I’m so negative about it, then why did I buy the same STRK? The fundamentals in crypto are just part of it; we don’t dismiss manipulation. Moreover, in the long run, development and partnership strategies can change, and I want to view reality objectively, rather than saying, I bought STRK, and will now only look positively at it to make life easier 😅.
(It's surprising how projects want to strive for mass adoption; they keep talking about it, but UX - User Experience is often placed almost last.)
And of course, this is just my opinion; I do not claim to have the ultimate truth.
Maybe I should make a separate detailed video on this, I don’t know if it’s necessary🤔.
