MegaHoot Technologies, a leading blockchain and AI technology solutions provider, made a significant breakthrough with the decentralized digital asset swapping system HootDex. On August 1, 2023, MegaHoot Technologies, in collaboration with several traditional financial high-frequency trading institutions, conducted an intense stress test on HootDex to push the boundaries of transactional throughput.
The goal of the stress test was to achieve 50,000 transactions per second (TPS) in a live on-chain environment. HootDex, built as a layer-2 system on the robust Pecu Novus Blockchain Network, underwent a rigorous examination to assess its capabilities under real-world conditions.
Unlike typical stress tests that rely on theoretical scenarios in a sandbox environment, this test used actual transactions, ensuring authenticity and accuracy. The test provided a true testament to HootDex’s capabilities and the impact it could have in the world of HFT digital asset trading.
The MegaHoot Technologies team, along with the partnering financial institutions, embarked on a 24-hour nonstop challenge, bracing themselves for the results. The outcome surpassed expectations, as HootDex impressively achieved a remarkable 110,000 TPS, effectively doubling the target. This milestone moment delivered valuable insights to the team, affirming the stability, scalability, and potential for further enhancements.
Key findings from the stress test include:
Accurate Theories: The stress test confirmed the team’s theories and demonstrated the system’s robustness under extreme pressure.
Enhanced Scalability: HootDex showcased exceptional scalability, providing a clear path for future improvements to further enhance transactional throughput.
Continued Advancements: The stress test demonstrated that HootDex’s transactional throughput can be further enhanced to handle even greater numbers of transactions per second effectively.
Stellar Stability and Scalability: HootDex’s success highlighted the exceptional stability and scalability of the Pecu Novus Blockchain Network, solidifying its position as the ideal foundation for the HootDex platform.