Ethereum Breaks New Record for Transactions Per Second as Fusaka Upgrade Looms

The Ethereum network has just hit a new record high in transaction volume per second (TPS), reaching 32,950 TPS. This figure surpasses last week’s peak of 31,000 TPS, and is attributed to increased activity across the ecosystem, including Layer 2 networks. The anticipated Fusaka upgrade, which launches today, will further enhance scalability, with its implementation promising faster transaction speeds and improved efficiency by reducing data storage requirements.