Polygon Dealt with Over 16,000,000 Transactions in Single Day and ‘Didn’t Even Blink,’ Says Founder Sandeep Nailwal

by Cryptospacey

Ethereum (ETH) scaling answer Polygon (MATIC) processed the very best variety of day by 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 improve from the typical of beneath 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 the whole 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.” 

Supply: Polygonscan

Nailwal says a brand new metaverse sport referred to as Child Shark, which relies on the Polygon chain, could possibly be what’s behind the sudden spike in transactions.

“I hear there may be some sport Child Shark launching, might 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 in a position to 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 few months.”

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