Avalanche, the leading smart contract platform, has achieved a remarkable milestone with its newly unveiled testnet, HyperSDK, which showcased its capability to handle over 140,000 transactions per second [TPS]. This achievement, as depicted in a shared GitHub screenshot, marks a significant leap for the layer-1 blockchain network.
HyperSDK made its debut on February 21, 2023, with the primary aim of empowering developers to construct high-performance Virtual Machines [VMs] entirely from the ground up. Blockchains created using HyperSDK are aptly named “HyperChains,” offering developers the freedom to tailor them for a myriad of purposes, ranging from NFT marketplaces to DeFi protocols. This innovation heralds a new era of creativity and flexibility for Avalanche’s developer community.
Before the advent of HyperSDK, Avalanche could process up to 4,500 TPS, while Solana managed between 2,000 and 3,000 TPS, and Ethereum lagged far behind with a mere 15-20 TPS, according to Coincodex data.
HyperSDK’s achievement of a staggering 143,322 transactions per second in a controlled testing environment stands as a monumental accomplishment. It aligns with Avalanche’s vision of seamlessly interconnecting a web of highly optimized blockchains, illustrating the network’s commitment to pushing the boundaries of blockchain scalability.
According to a blog post published in February, developers can now seamlessly integrate into a lightning-fast execution environment without the daunting task of writing extensive code from scratch. This streamlined development process reduces the time required to create a customized blockchain runtime from several months to just a matter of days.
Avalanche Achieves Unprecedented Growth in July’s Snow Report
Recently, the AVAX team released its Snow Report, reflecting a flurry of activity in the ecosystem. July proved to be a pivotal month for the Avalanche blockchain, marked by remarkable achievements and network advancements. The Avax ecosystem experienced a surge in activity, boasting over 20 million active addresses and an unprecedented milestone of one million monthly active users for the third consecutive month.
The network’s growth was underlined by significant developments across various sectors. Notably, the renowned decentralized exchange [DEX] Uniswap joined Avalanche, enriching its expanding DeFi ecosystem. Additionally, Struct Finance emerged as a newcomer, introducing decentralized structured financial products to further diversify the offerings within the Avalanche network. This ongoing momentum solidifies Avalanche’s position as a prominent player in the blockchain space.
