The Degen network, a new Ethereum layer 3 network, has recorded the highest number of transactions per second (TPS) in the Ethereum ecosystem in the last 24 hours.

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Degen, a new Ethereum layer-3 network, is leading the pack in TPS (transactions per second) within the Ethereum ecosystem. While impressive, keep in mind that transaction value on Degen is reportedly lower and TPS doesn't tell the whole story about network performance.