Rayls Labs has demonstrated its high-performance capabilities by executing 1.6 million transactions in just five days on its Devnet. This achievement highlights the Layer 1 blockchain's exceptional throughput, crucial for meeting the stringent demands of traditional finance. The Rayls Public Chain, operating on a high-performance EVM L1 engine, showcases its ability to deliver sub-second finality, a critical factor for banking operations. The announcement comes strategically ahead of the Rayls Hackathon at Devconnect, aiming to inspire developers with its scalability and bolster its over $1 million funding initiative. The community's response, dubbing it an "institutional gateway," underscores Rayls Labs' effective communication of its capabilities. By releasing these performance metrics, Rayls Labs signals to financial institutions its readiness to handle their requirements with a fast, stable blockchain supported by an active testing community.