ETHEREUM SCALING IS STILL FAR FROM GLOBAL-SCALE CRYPTO

Summary from the TLDR Crypto newsletter

Cheap ETH swaps don't mean crypto is “done” scaling. Even Ethereum, Base, and Solana are nowhere near the throughput required for truly global, consumer-scale applications. A single viral app like HQ Trivia in 2018 handled ~2.38M concurrent users, implying a demand of ~238k TPS for a single trustless, verifiable, instant onchain experience, far beyond what any major chain can handle today without multi-hour settlement delays or extreme fees.