Turbo Protocol, an Ethereum Layer 2 scaling solution, has launched a new blockchain that reportedly processes up to 400,000 transactions per second (TPS). This speed is approximately 4,000 times faster than high-throughput chains like Solana, the Turbo team announced at the Blockchain Application Stanford Summit on Tuesday.
The Turbo project is part of a growing trend in blockchain development focusing on “parallel transaction processing,” which records multiple transactions simultaneously instead of sequentially, as is currently done on Ethereum. For context, Ethereum’s base layer processes around 20 to 30 TPS, Solana over 1,000 TPS, while global payments giant Visa settles about 24,000 TPS.
Turbo CEO Aaron Greenblatt demonstrated the new blockchain at the summit, highlighting that applications on the Turbo network will not need to compete over Ethereum gas fees. He emphasized that the protocol is ideal for Web3 projects requiring heavy on-chain computational workloads, particularly in sectors like decentralized AI, gaming, and social applications.
Ethereum has struggled with slow transaction speeds and high fees since its inception in 2015. Layer 2 solutions like Turbo, Optimism, and Polygon are exploring different methods to enhance efficiency by eventually “rolling up” batches of transactions onto the main Ethereum blockchain.
