Пропускная способность блокчейна выросла в 100 раз и превысила пиковые значения Stripe и NASDAQ – отчёт a16z

cryptonews.ruPublished on 2025-10-14Last updated on 2025-10-24

  • Блокчейны во главе с Ethereum за последние годы улучшили свою пропускную способность, чтобы удовлетворить запросы большинства пользователей.
  • Внедрение технологии блокчейн институциональными инвесторами, подкрепленное четкими правилами, помогло увеличить пропускную способность за последние годы.
  • Блокчейны пока не превзошли транзакции по кредитным картам, что говорит о том, что технология все еще находится на ранней стадии развития.

Технология блокчейн стремительно развивается и теперь способна обрабатывать объёмы транзакций, сопоставимые с объёмами крупных традиционных финансовых систем, согласно отчёту «Состояние криптовалют» за 2025 год, подготовленному компанией a16z crypto. Анализ венчурной компании показывает, что всего за пять лет пропускная способность блокчейна выросла более чем в 100 раз, что свидетельствует о значительном прогрессе в масштабируемости.

Благодаря 100-кратному росту количества транзакций в секунду (TPS) в блокчейнах, эта новая технология вышла на уровень крупнейших финансовых систем. Согласно отчёту, пропускная способность Stripe в Чёрную пятницу и Киберпонедельник составляет около 2300 транзакций в секунду. Торги на NASDAQ в часы работы биржи обрабатывают около 2400 транзакций в секунду.

Блокчейны теперь опережают Stripe и пиковые TPS NASDAQ после 100-кратного роста (a16z)


Источник: a16z

Между тем, технология блокчейна пока не опережает по количеству транзакций по кредитным картам в секунду, которое в настоящее время составляет около 24 500. Таким образом, можно с уверенностью предположить, что технология блокчейна находится на ранней стадии развития.

Почему показатели TPS на блокчейне выросли в 100 раз за пять лет

Развитие блокчейнов для обеспечения массового внедрения криптовалют

Скорость обработки блокчейнов достигла 3400 транзакций в секунду, что во многом обусловлено массовым внедрением криптоактивов. Согласно отчёту a16z, предполагаемое число ежемесячно активных пользователей криптовалюты выросло до 40–70 миллионов, в то время как число владельцев криптовалюты во всём мире превышает 716 миллионов.


Источник: a16z

Блокчейны развивались годами, увеличивая свою пропускную способность, и лидером в этом направлении стал Ethereum (ETH). Стоит отметить, что сеть Ethereum с момента перехода на механизм консенсуса Proof-of-Stake (Proof-of-Stake) располагает десятками решений для масштабирования второго уровня.

Новые возможности использования блокчейна и криптоиндустрии: токенизация, рынки предсказаний и децентрализованная бессрочная торговля

За последние несколько лет технология блокчейн привлекла больше институциональных инвесторов, что привело к появлению новых вариантов её использования. Например, отчёт a16z показывает, что с начала года объём транзакций на рынках предсказаний вырос экспоненциально благодаря Polymarket.


Источник: a16z

Технология блокчейн также получила широкое распространение среди децентрализованных бирж, ориентированных на бессрочную торговлю, таких как Hyperliquid.

Между тем, токенизация реальных активов (RWA) также сыграла важную роль в заметном росте блокчейн-транзакций. Институциональные инвесторы, такие как BlackRock, уже вышли на рынок токенизации, вложив миллиарды долларов в технологию блокчейн.

Рост стейблкоинов обусловлен четким регулированием криптовалют

Рынок стейблкоинов экспоненциально вырос после пика криптовалютного рынка в 2021 году. В отчёте a16z отмечается, что органическое внедрение стейблкоинов помогло им обработать нескорректированный объём в размере 46 триллионов долларов с начала года и скорректированный объём около 9 триллионов долларов.


Источник: a16z

Для сравнения, Visa обработала в общей сложности 16 триллионов транзакций за последние 12 месяцев, а PayPal — около 1,7 триллиона. Массовое внедрение стейблкоинов ускорилось благодаря недавнему принятию президентом Дональдом Трампом закона GENIUS Act.

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