Recently, discussions about next-generation blockchain technology have been revolving around Gigagas, but what exactly is it?
And why is it considered a superior metric compared to TPS?
We got you covered and we've compiled a list of blockchain networks that have achieved or are targeting Gigagas performance.
So, let's dive in 🧵
...
— 📌 What is Gigagas?
The Gigagas concept, introduced by @paradigm, measures the computational work a blockchain can handle per second.
Specifically, 1 billion "gas" units per second equals 1 Gigagas.
Unlike measuring transactions per second (TPS), Gigagas (GPS) offers a more nuanced view, reflecting the network's ability to process complex tasks. This makes it a more accurate gauge of efficiency and scalability.
Gigagas aids in cost assessment by indicating per-second gas fees, impacting network economics and user experience. It standardizes performance comparisons across EVM-compatible chains.
Importantly, Gigagas matters because it helps blockchains to measure its capabilites to support demanding applications like:
➢ Onchain payment and DeFi with complex smart contract
➢ Onchain real-time gaming
➢ High-frequency trading on-chain with low latency
➢ Multi-agentic onchain swarm
...
— 📌 List of projects
Below is a list of projects that have aimed for or achieved Gigagas performance, primarily in their Devnet or Testnet stages ( to make it easy to read 1 GPS = 1 gigagas/s):
➢ @Somnia_Network (50 GPS in Devnet)
➢ @rise_chain (1 GPS initially and up to 10 GPS)
➢ @GravityChain (1 GPS leveraging GrEVM and up to 6.8 GPS)
➢ @megaeth_labs (1.5 GPS in testnet, aiming for 10 GPS)
➢ @pharos_network (2 GPS)
➢ @SeiNetwork (5 GPS in Sei V3 internal devnet)
➢ @abundance_xyz (1 GPS)
➢ @SonicLabs (1.3 GPS)
➢ @MetisL2 Hyperion (1 GPS)
➢ SURGE Rollup by @NethermindEth (Aiming for 1 GPS)
Honourable mention*
➢ @N1Chain (10,000 TPS/app)
➢ @solayer_labs (InfiniSVM achieves 1M TPS and 100 Gbps+ in testnet)
➢ @Aptos (500k TPS in conflicting txs, <1s finality)
➢ @monad_xyz (10k TPS)
➢ @SuiNetwork (297k+ TPS with 100 globally distributed validators)
➢ @AltiusLabs - VM-Agnostic Modular Scaling
➢ @gelatonetwork - Rollup-as-a-Service (RaaS) with ABC Stack
➢ @conduitxyz G2 - RaaS
Please note that a high TPS doesn't directly translate to higher gigagas without specific data. For context, Sei Labs' roadmap aims for 5 gigagas, equivalent to approximately 250,000 TPS. This suggests that reaching 1 million TPS could theoretically approach or exceed gigagas if gas-intensive transactions are processed efficiently.
Tagged my friends to check Gigagas Chain
> @blocmatesdotcom
> @AleaResearch
> @CipherResearchx
> @HouseofChimera
> @YashasEdu
> @belizardd
> @SherifDefi
> @0xCheeezzyyyy
> @Foxi_xyz
> @moic_digital
> @Mars_DeFi
> @YashasEdu
> @thelearningpill
> @kenodnb
> @Flowslikeosmo
> @DeFiMinty
> @Haylesdefi
> @Hercules_Defi
> @DeRonin_
> @0xAndrewMoh
> @0xDefiLeo
> @Defi_Warhol
> @CryptMoose_
> @0xelonmoney
> @TheDeFiPlug
> @arndxt_xo
> @CryptoShiro_
> @the_smart_ape
Recently, discussions about next-generation blockchain technology have been revolving around Gigagas, but what exactly is it?
And why is it considered a superior metric compared to TPS?
We got you covered and we've compiled a list of blockchain networks that have achieved or are targeting Gigagas performance.
So, let's dive in 🧵
...
— 📌 What is Gigagas?
The Gigagas concept, introduced by @paradigm, measures the computational work a blockchain can handle per second.
Specifically, 1 billion "gas" units per second equals 1 Gigagas.
Unlike measuring transactions per second (TPS), Gigagas (GPS) offers a more nuanced view, reflecting the network's ability to process complex tasks. This makes it a more accurate gauge of efficiency and scalability.
Gigagas aids in cost assessment by indicating per-second gas fees, impacting network economics and user experience. It standardizes performance comparisons across EVM-compatible chains.
Importantly, Gigagas matters because it helps blockchains to measure its capabilites to support demanding applications like:
➢ Onchain payment and DeFi with complex smart contract
➢ Onchain real-time gaming
➢ High-frequency trading on-chain with low latency
➢ Multi-agentic onchain swarm
...
— 📌 List of projects
Below is a list of projects that have aimed for or achieved Gigagas performance, primarily in their Devnet or Testnet stages ( to make it easy to read 1 GPS = 1 gigagas/s):
➢ @Somnia_Network (50 GPS in Devnet)
➢ @rise_chain (1 GPS initially and up to 10 GPS)
➢ @GravityChain (1 GPS leveraging GrEVM and up to 6.8 GPS)
➢ @megaeth_labs (1.5 GPS in testnet, aiming for 10 GPS)
➢ @pharos_network (2 GPS)
➢ @SeiNetwork (5 GPS in Sei V3 internal devnet)
➢ @abundance_xyz (1 GPS)
➢ @SonicLabs (1.3 GPS)
➢ @MetisL2 Hyperion (1 GPS)
➢ SURGE Rollup by @NethermindEth (Aiming for 1 GPS)
Honourable mention*
➢ @N1Chain (10,000 TPS/app)
➢ @solayer_labs (InfiniSVM achieves 1M TPS and 100 Gbps+ in testnet)
➢ @Aptos (500k TPS in conflicting txs, <1s finality)
➢ @monad_xyz (10k TPS)
➢ @SuiNetwork (297k+ TPS with 100 globally distributed validators)
➢ @AltiusLabs - VM-Agnostic Modular Scaling
➢ @gelatonetwork - Rollup-as-a-Service (RaaS) with ABC Stack
➢ @conduitxyz G2 - RaaS
Please note that a high TPS doesn't directly translate to higher gigagas without specific data. For context, Sei Labs' roadmap aims for 5 gigagas, equivalent to approximately 250,000 TPS. This suggests that reaching 1 million TPS could theoretically approach or exceed gigagas if gas-intensive transactions are processed efficiently.
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