Offchain Labs (Arbitrum developer) Co-founder: Arbitrum–Ethereum Symbiosis, Layer 2 (secondary blockchain for scaling) Tops 1,000 TPS (transactions per second)

According to Steven Goldfeder (Offchain Labs co-founder), Layer 2 (secondary blockchain for scaling) complements Layer 1 (base blockchain) scaling; Arbitrum and Base (Layer 2 network) exceeded 1,000 TPS (transactions per second) versus Ethereum’s 40 during recent volatility.