Ethereum (ETH) scaling resolution Polygon (MATIC) processed the very best variety of day by day transactions in the blockchain’s historical past final week.
On November sixteenth, the Polygon blockchain saw 16,449,264 transactions, marking a sudden and huge enhance from the common of under three million per day.
In a publish 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 3 instances of your entire ETH ecosystem mixed. Complete transaction charges generated by the validators are round [$1 million] in a single day, although the gasoline 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, might be what’s behind the sudden spike in transactions.
“I hear there is some game Baby Shark launching, could that be the reason? Someone told me just now that the minting stopped just now and we might go back to the less crazy levels.”
He additionally says that efforts to enhance Polygon enabled the community to effectively deal with the amount of transactions.
“Polygon PoS chain was able to handle this load as a direct result of Polygon ecosystem engineering contributors and the upgrades to PoS that have been rolled out over the last few months.”
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