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 large improve from the typical of under 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 the complete 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 recreation known as Child Shark, which is predicated on the Polygon chain, might be what’s behind the sudden spike in transactions.
“I hear there’s some recreation Child Shark launching, may that be the explanation? Somebody instructed me simply now that the minting stopped simply now and we would return to the much less loopy ranges.”
He additionally says that efforts to enhance Polygon enabled the community to effectively deal with the amount 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 have been rolled out over the previous couple of months.”
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