Xai’s Genesis: Vanguard marketing campaign has attracted engagement from 1.3 million wallets driving greater than 100 transactions per second one week after launching.
The every day throughput of Ethereum Layer 2 networks is at a brand new all-time excessive.
On June 16, Layer 2 and Layer 3 networks processed a median mixed throughput of 246.3 transactions per second (TPS), in accordance with L2beat. The current spike in exercise eclipsed the earlier excessive of 183.4 TPS from early April.
The milestone was pushed by rocketing exercise on Xai, a gaming-focused Layer 3 community co-developed by OffChain Labs — the workforce behind Arbitrum. Xai hosted 101.7 TPS on common over 24 hours, marking a virtually 9,000% enhance in seven days.
The surge in exercise was propelled by the June 10 launch of Vanguard: Genesis, which Xai described as providing a “full suite of recent video games and rewards” to its customers.
Xai was not the one Ethereum scaling answer to put up spectacular exercise on June 16, with Base coming in second with practically 33 TPS — simply 11.5% shy of its all-time excessive.
Proof Of Play Apex, a Layer 3 internet hosting the lately booming Pirate Nation web3 recreation, additionally posted an all-time excessive TPS of practically 16 TPS to rank fourth amongst Ethereum scaling options on June 16. Taiko, a Layer 2 rollup, ranked sixth behind Ethereum with a report excessive of 11.6 — a 910% acquire over the previous seven days.
Layer 3 emerges as common structure for gaming
The surge in exercise on Xai and Proof Of Play Apex comprise the most recent examples of Layer 3 networks proving themselves as a most well-liked structure for web3 video games.
Layer 3 networks comprise devoted appchains internet hosting a single decentralized utility and are usually constructed on high of Layer 2 networks — permitting them to leverage Layer 1 networks such because the Ethereum mainnet for safety and transaction finalization.
Xai makes use of Arbitrum’s modular Orbit infrastructure, whereas Pirate Nation leverages Proof Of Play’s multichain structure for Layer 3s.
Layer 3s have additionally emerged as a well-liked answer for appchains exterior of the web3 gaming area of interest that demand excessive throughput, together with decentralized social media, decentralized exchanges, and mainstream monetary functions.
Xai rapidly attracts hundreds of thousands of customers
With the backing of OffChain Labs, Xai seems poised to rapidly emerge as a contender inside the on-chain gaming area.
Final August, Xai launched its Odyssey testnet marketing campaign, providing up 5% of the XAI token’s provide as rewards to early customers. The marketing campaign hosted 5 million every day transactions from greater than 500,000 wallets.
Xai stated its mainnet genesis marketing campaign additionally gives rewards within the type of factors to each gamers and builders. “Builders and studios will be capable of take part in a collection of builder quests to attain factors on the Xai Vanguard: Genesis leaderboard and earn their very own collection of rewards,” the challenge stated.
The community has already onboarded practically 1.3 million one week after launching its Genesis marketing campaign. Xai stated a number of third-party video games are set to launch on the community throughout Genesis, together with Crypto Unicorns, Last Kind, and Misplaced Glitches.
In response to Chainbroker, Xai has raised $10.4 million in three funding rounds, providing up tokens at $0.01, $0.032, and $0.035 in every spherical with 24-month vesting durations and six-month cliffs.
XAI final modified palms for roughly $0.56 after sliding 8.8% in 24 hours and 21% in seven days, in accordance with CoinGecko.
