According to the source, blockchains now process 3,400+ transactions per second compared with Nasdaq’s approximately 2,400 transactions per second, based on figures from an a16z crypto report cited by the source. According to the same a16z crypto report cited by the source, this throughput comparison indicates current on-chain infrastructure at the reported level meets or exceeds the referenced Nasdaq TPS benchmark, a trading-relevant datapoint for DeFi and on-chain derivatives participants evaluating execution capacity.