Originally published on: December 18, 2024
HashKey Group has disrupted the blockchain space with the official launch of its Ethereum layer-2 mainnet on Dec. 18. This groundbreaking move follows a highly successful testnet phase that attracted over 300,000 community members and recorded a whopping 24.72 million transactions across 860,000 wallet addresses.
During the testnet period, a total of 50 projects were deployed, showcasing the immense potential of HashKey Chain. The mainnet is equipped with cutting-edge OP-Stack and Rollup technology, enabling a network capacity expansion that ensures a seamless user experience. Reports indicate that the mainnet reached a remarkable 400 transactions per second (TPS) during laboratory testing, with gas fees as low as 0.1 gwei.
As of the mainnet launch, HashKey Chain has already processed a 24-hour transaction volume of 43,300 transactions, boasting a TPS of 0.5 and incredibly low gas fees of 0.001 gwei. This achievement solidifies HashKey Chain’s position as a game-changer in the blockchain industry.
The timing of this development couldn’t be better, as the Asia-Pacific region experiences a surge in cryptocurrency and blockchain infrastructure growth. Hong Kong, in particular, is making strides towards becoming a crypto hub, with new legislation and regulatory approvals shaping the landscape.
Furthermore, on Dec. 18, Hong Kong’s financial regulator authorized the operations of four virtual asset trading platforms, signaling a positive outlook for the crypto industry in the region.
With the launch of HashKey Chain’s mainnet, the future of decentralized finance looks brighter than ever. Stay tuned for more updates on this revolutionary platform and the evolving crypto landscape.
