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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.