Lighter helps the Ethereum network surpass the 24,192 TPS milestone! ETH price is gearing up for a rebound.

On November 7, 2025, the Ethereum network hit a historic peak of 24,192 transactions per second (TPS) and maintained an average throughput above 4,000 TPS. The Layer-2 solution Lighter was the main contributor, handling 3,616.9 TPS. This technical breakthrough boosted Ethereum’s price, which rebounded to around $3,380 after a 7.95% decline over the past week. During the same period, the total cryptocurrency market cap increased by 1.64%.

Technical indicators show that the RSI has recovered from oversold territory to 37, and the MACD line is beginning to turn upward. If the price can break through the $3,500 resistance level, it could target a move toward $3,800. This performance leap confirms the effectiveness of Layer-2 scaling solutions and lays a foundation for the mass adoption of the Ethereum ecosystem.

The Technical Significance of the Network Performance Breakthrough

The peak of 24,192 TPS is not accidental but a natural result of Ethereum’s layered architecture evolution. Detailed data analysis reveals that Lighter contributed the most with 3,616.9 TPS, followed by Base Chain (174.7 TPS), Soneium (58.6 TPS), with OP Mainnet, Arbitrum One, and the main Ethereum network forming a comprehensive multi-layer ecosystem. Notably, the network has maintained an average throughput above 4,000 TPS after reaching the peak, which is crucial for commercial applications.

Lighter’s performance is particularly impressive. This zk-rollup solution has consistently handled around 4,000 TPS since its launch, demonstrating that zero-knowledge proof technology has matured for large-scale use. Its core innovation separates transaction batching from proof generation, allowing users to enjoy instant transaction confirmation while ensuring underlying security. Developers can build high-frequency dApps on this framework, such as in-game asset trading or real-time bidding systems.

From an evolutionary perspective, this milestone marks Ethereum’s entry into the “high-speed era.” Compared to the roughly 30 TPS on the mainnet in 2021, current performance has increased by 800 times, bringing Ethereum’s processing speed close to traditional payment networks like Visa, which averages around 24,000 TPS. If this growth continues, Ethereum could aim for a million TPS before 2026.

Synergistic Effects of the Layer-2 Ecosystem

The success of multi-layer network architecture stems from the differentiated positioning and technological complementarity of various solutions. Lighter focuses on zk-rollup implementations for general smart contracts, Base Chain leverages a major centralized exchange’s user base to expand social applications, and Soneium targets high-performance gaming and metaverse scenarios. This division of labor enables Ethereum’s ecosystem to meet the demands for high throughput, low cost, and strong security simultaneously.

Data flow patterns reveal deeper value. Most transactions occur within Layer-2 networks, but final settlement still anchors to the Ethereum mainnet. This design ensures asset security while generating revenue for mainnet validators through fee sharing. According to Dune Analytics, Layer-2 networks contributed $120 million in fees to the mainnet in Q3 2025, a 300% year-over-year increase.

The upcoming Fusaka upgrade will further enhance this synergy. Scheduled for December 3, the hard fork will introduce EIP-7623, reducing calldata storage requirements to lower Layer-2 data availability costs and optimizing cross-chain messaging protocols. Post-upgrade, transaction costs on OP Rollup solutions like Arbitrum could decrease by 40%, and zk-rollup proof generation efficiency could improve by 25%.

Technical Analysis of Price Trends

From a technical standpoint, Ethereum is at a critical juncture. The $3,380 support level sits within a convergence zone between the 50-day moving average (around $3,450) and the 100-day moving average (around $3,250). The RSI at 37, while still in the weak zone, has moved away from oversold levels below 30, indicating diminishing selling pressure. The MACD histogram is narrowing below zero, and a bullish crossover (golden cross) may be forming, often signaling a short-term rebound.

Key resistance is at $3,500, a psychological level that also coincides with a previous high-volume trading zone and the 38.2% Fibonacci retracement level. A strong breakout above this could target $3,800 (the 50% Fibonacci retracement). Conversely, failure to break through could see the price testing support at $3,200, with a further dip toward $3,000 if that level is breached.

Derivatives market data support this outlook. According to Coinglass, Ethereum perpetual contract funding rates have turned positive after being negative, and open interest has increased by 12%, indicating new long positions are forming. Additionally, the put-call ratio for options in the $3,500–$3,600 range has risen to 1.35, suggesting institutional investors are cautiously optimistic about mid-term prospects.

Ecosystem Development and Market Outlook

The network’s performance improvements are fueling ecosystem innovation. In DeFi, Uniswap V4 on Arbitrum has reduced trading latency to under 0.8 seconds, narrowing arbitrage opportunities. In gaming, Axie Infinity’s new version deployed on Lighter supports thousands of concurrent battles, bringing user experience closer to traditional Web2 games. These enhancements are accelerating user migration from Web2 to Web3.

Institutional participation is also rising. Fidelity Digital Assets reported in October that the proportion of their custody clients holding Ethereum increased from 18% in 2024 to 31%, citing improved network usability. VanEck analysts predict that with staking yields remaining above 3.5%, Ethereum could attract $50 billion in institutional capital over the next three years.

Valuation models show a growing correlation between network activity and price. According to a Metcalfe’s law-adjusted model, Ethereum’s daily active addresses exceeding 2 million suggest a valuation range of $3,500–$4,000. Considering Layer-2 transaction data, the actual valuation might be undervalued by 20–30%, presenting a compelling long-term investment opportunity.

Conclusion

Ethereum’s achievement of 24,192 TPS is not just a technical milestone but a watershed moment for ecosystem maturity. The widespread adoption of Layer-2 solutions has begun to support large-scale commercial applications. While short-term prices remain influenced by overall market sentiment, the continuous improvement in network fundamentals provides a solid basis for revaluation. With the Fusaka upgrade imminent and institutional adoption accelerating, Ethereum is poised to create a positive feedback loop between performance and value, reinforcing its role as the leading infrastructure of the decentralized world.