Abstract cuts block processing time to 200ms…"Transaction speed improved fivefold"

Abstract, an Ethereum layer2 (L2) project, has reduced block processing time to around 200 milliseconds (ms), reaching what is currently the fastest level among existing L2 networks.

On the 27th (local time), Abstract said on its official channel, "Block time was reduced from 1 second to 200 ms, improving transaction processing speed by about five times," and added, "This upgrade has reached a level that enables real-time applications and a smooth user experience."

Through this performance improvement, Abstract has greatly expanded the feasibility of implementing on-chain applications that require high-speed processing, such as games, decentralized finance (DeFi), and trading protocols. In particular, since game tick systems operate on an average 200 ms basis, on-chain games with much faster responsiveness than the previous ~600 ms games have become possible. In addition, implementation of a perpetual futures exchange (Perp DEX) that operates in a fully on-chain structure is expected to become a reality.

The increase in transaction processing speed is expected to lead to higher on-chain trading volume and improved profitability of cross-chain and arbitrage activities. Abstract stated, "The speed has increased to the point where the Binance order book can be updated up to 1000 times per second on the Ethereum network," and "as a result, on-chain order book prices will match centralized exchange (CEX) prices more precisely."

To commemorate this upgrade, Abstract also released a demo application called 'Axestract'. All clicks are processed as on-chain transactions, and with a gas sponsorship feature applied, users can test the speed for free.

Abstract said, "This upgrade makes real-time level block generation possible," and "it will be a turning point that opens the era of true on-chain real-time applications."