Ethereum (ETH) scaling resolution Polygon (MATIC) processed the very best variety of every day transactions within the blockchain’s historical past final week.
On November sixteenth, the Polygon blockchain noticed 16,449,264 transactions, marking a sudden and big enhance from the common of beneath three million per day.
In a submit on social media platform X, Polygon founder Sandeep Nailwal says the community dealt with the spike with out experiencing any downtime.
“Polygon dealt with 16+ million transactions, and the community didn’t even blink.
At its peak, PoS (proof of stake) had a throughput of 255 tps (transactions per second) – that’s round two to a few instances of your entire ETH ecosystem mixed. Whole transaction charges generated by the validators are round [$1 million] in a single day, although the fuel charges spiked to insane ranges.
Block rewards totaled greater than 155,000 MATIC, round $1.2 million income for validators in a single day.”
Nailwal says a brand new metaverse sport referred to as Child Shark, which is predicated on the Polygon chain, may very well be what’s behind the sudden spike in transactions.
“I hear there’s some sport Child Shark launching, may that be the rationale? Somebody informed me simply now that the minting stopped simply now and we’d return to the much less loopy ranges.”
He additionally says that efforts to enhance Polygon enabled the community to effectively deal with the quantity of transactions.
“Polygon PoS chain was capable of deal with this load as a direct results of Polygon ecosystem engineering contributors and the upgrades to PoS which were rolled out over the previous couple of months.”
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