[Crypto World] The Ethereum ecosystem in November was explosive. According to on-chain monitoring by GrowThePie, the entire Ethereum network's TPS hit a new all-time high—a peak of 32,950 transactions per second.

What does this number mean? It's important to know that the Ethereum mainnet itself isn't actually fast; the real heavy lifting is done by those Layer 2 networks. Data shows that a Layer 2 project called Lighter alone accounts for about 90% of the average daily TPS in the entire Ethereum L2 ecosystem. Even more astonishing, it only pays $685 per day to the Ethereum mainnet—supporting the entire ecosystem's throughput ceiling at rock-bottom prices.

This actually fits the original intention behind L2 design: moving computation off-chain and only submitting the final results on-chain for settlement. However, having one project account for 90% of the volume does raise some curiosity about its actual business use case.