8 hour ago
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NEAR Achieves 1M Transactions Per Second in Sharded Test Environment
NEAR Protocol has reached a milestone of 1 million transactions per second (TPS) in a benchmark test, surpassing Visa's peak capacity of 65,000 TPS. This demonstrates the efficiency of sharding for scalability and throughput in high-performance blockchains.
- The test environment simulated real-world scenarios using Google Compute Engine across 70 shards.
- The benchmarks showed peaks of over 1 million TPS maintained for nearly an hour each.
- Cost for running the test was approximately $900 monthly, significantly higher than the minimum required for NEAR validators.
- The test focused on native token transfers without smart contract executions, which could lower overall capacity.
- NEAR's mainnet currently operates with nine shards, indicating current capacity is below the tested 1 million TPS.
Other noteworthy blockchain TPS capacities include:
- Sonic: ~400,000 TPS
- ICP: ~210,000 TPS
- Aptos: ~160,000 TPS
- Sui: ~120,000 TPS
- TON: ~105,000 TPS
- Polkadot: ~100,000 TPS
- Solana: ~65,000 TPS, with the highest real-time TPS at 1,238
This positions NEAR among the top layer-one blockchain networks with high theoretical capacity and scalability. Recent ecosystem developments include the launch of TravAI for travel bookings, NEAR AI Cloud, Private Chat, and partnerships like Brave Browser integration.