<\/p>\n
Xai’s Genesis: Vanguard campaign has attracted engagement from 1.3 million wallets driving more than 100 transactions per second one week after launching.<\/p>\n
The daily throughput of Ethereum Layer 2 networks is at a new all-time high.<\/p>\n
On June 16, Layer 2 and Layer 3 networks processed an average combined throughput of 246.3 transactions per second (TPS), according to L2beat. The recent spike in activity eclipsed the previous high of 183.4 TPS from early April.<\/p>\n
The milestone was driven by rocketing activity on Xai, a gaming-focused Layer 3 network co-developed by OffChain Labs \u2014 the team behind Arbitrum. Xai hosted 101.7 TPS on average over 24 hours, marking a nearly 9,000% increase in seven days.<\/p>\n
The surge in activity was propelled by the June 10 launch of Vanguard: Genesis, which Xai described as offering a \u201cfull suite of new games and rewards\u201d to its users.<\/p>\n Xai was not the only Ethereum scaling solution to post impressive activity on June 16, with Base coming in second with nearly 33 TPS \u2014 just 11.5% shy of its all-time high.<\/p>\n Proof Of Play Apex, a Layer 3 hosting the recently booming Pirate Nation<\/a> web3 game, also posted an all-time high TPS of nearly 16 TPS to rank fourth among Ethereum scaling solutions on June 16. Taiko<\/a>, a Layer 2 rollup, ranked sixth behind Ethereum with a record high of 11.6 \u2014 a 910% gain over the past seven days.<\/p>\n The surge in activity on Xai and Proof Of Play Apex comprise the latest examples of Layer 3 networks<\/a> proving themselves as a preferred architecture for web3 games.<\/p>\n Layer 3 networks comprise dedicated appchains hosting a single decentralized application and are typically built on top of Layer 2 networks \u2014 allowing them to leverage Layer 1 networks such as the Ethereum mainnet for security and transaction finalization. <\/p>\n Xai utilizes Arbitrum\u2019s modular Orbit infrastructure, while Pirate Nation leverages Proof Of Play\u2019s multichain architecture for Layer 3s.<\/p>\n Layer 3s have also emerged as a popular solution for appchains outside of the web3 gaming niche that demand high throughput, including decentralized social media<\/a>, decentralized exchanges<\/a>, and mainstream financial applications<\/a>.<\/p>\n With the backing of OffChain Labs, Xai appears poised to quickly emerge as a contender within the on-chain gaming space.<\/p>\n Last August, Xai launched its Odyssey<\/a> testnet campaign, offering up 5% of the XAI token\u2019s supply as rewards to early users. The campaign hosted 5 million daily transactions from more than 500,000 wallets.<\/p>\n Xai said its mainnet genesis campaign<\/a> also offers rewards in the form of points<\/a> to both players and developers. \u201cDevelopers and studios will be able to participate in a series of builder quests to score points on the Xai Vanguard: Genesis leaderboard and earn their own series of rewards,\u201d the project said.<\/p>\n The network has already onboarded nearly 1.3 million one week after launching its Genesis campaign. Xai said multiple third-party games are set to launch on the network during Genesis, including Crypto Unicorns, Final Form, and Lost Glitches.<\/p>\n According to Chainbroker, Xai has raised $10.4 million in three funding rounds, offering up tokens at $0.01, $0.032, and $0.035 in each round with 24-month vesting periods and six-month cliffs.<\/p>\n XAI last changed hands for approximately $0.56 after sliding 8.8% in 24 hours and 21% in seven days, according to CoinGecko.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Xai’s Genesis: Vanguard campaign has attracted engagement from 1.3 million wallets driving more than 100 transactions per second one week after launching. The daily throughput of Ethereum Layer 2 networks is at a new all-time high. On June 16, Layer 2 and Layer 3 networks processed an average combined throughput of 246.3 transactions per second […]<\/p>\n","protected":false},"author":2,"featured_media":325155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-325153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=325153"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325153\/revisions"}],"predecessor-version":[{"id":325156,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325153\/revisions\/325156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/325155"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=325153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=325153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=325153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Layer 3 emerges as popular architecture for gaming<\/h2>\n
Xai quickly attracts millions of users<\/h2>\n