{"id":87167,"date":"2023-11-17T12:30:59","date_gmt":"2023-11-17T10:30:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87167"},"modified":"2025-09-13T10:03:31","modified_gmt":"2025-09-13T07:03:31","slug":"polygon-fees-rise-1000-after-pols-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/polygon-fees-rise-1000-after-pols-launch\/","title":{"rendered":"Polygon fees rise 1,000% after POLS launch"},"content":{"rendered":"<p>On 16 November, gas costs on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-polygon-matic\">Polygon<\/a> network jumped by almost 1000%, to around 5000 Gwei (~$0.1), as users began actively creating POLS tokens inspired by <a href=\"https:\/\/forklog.com\/en\/news\/what-are-ordinals-and-brc-20-tokens\">Ordinals<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/M9FajTyTOmpr8lNrFSFsC63VTl_F-fsxjvGMRIVAdaIVQE_pKDbaf_TBeyrPD5fRoYS7iXTvrSJUUQH9mH7JNRw5lMPATxWx4Y_Lvc9V9SHgYqsp0oNV2n_IYHOsUvUptUHMBBeUxJ72Nn_QQls7DUU\" alt=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 Polygon \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 1000% \u043f\u043e\u0441\u043b\u0435 \u0437\u0430\u043f\u0443\u0441\u043a\u0430 POLS\"\/><figcaption class=\"wp-element-caption\">Gas-fee dynamics on Polygon. Data: <a href=\"https:\/\/livdir.com\/polygongaspricechart\/#\">Livdir<\/a>.<\/figcaption><\/figure>\n<p>Activity in the blockchain also surged sharply: the number of transactions rose from 2.89 million to a historic high of 16.5 million.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Eo6G7JYzCcmcUZ5TN6fYxYnqguVYVrY_uR_KjeddoJqpc99riyf4_DaPeQhxvndPh2Aas2gdiuHEwfcYzzzKMT59woKWZIsDAoU8riOyg_vgVkDtswstXETc2nG2NHlyj0IAXGnh1FzXNM72w_rQnG8\" alt=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 Polygon \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 1000% \u043f\u043e\u0441\u043b\u0435 \u0437\u0430\u043f\u0443\u0441\u043a\u0430 POLS\"\/><figcaption class=\"wp-element-caption\">Number of daily Polygon transactions. Data: <a href=\"https:\/\/polygonscan.com\/chart\/tx\">Polygonscan<\/a>.<\/figcaption><\/figure>\n<p>Meanwhile, fees on Polygon, even at peak load, did not exceed those on Ethereum. The transfer fee on the second-largest blockchain by market capitalization reached $30.<\/p>\n<p>At the time of writing, Polygon gas costs had stabilised at the standard level of 1000 Gwei.<\/p>\n<p>The spike was driven by the popularity of the recently launched PRC-20 standard, which allows creating <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">non-fungible tokens<\/a> similar to Ordinals on the Bitcoin network.<\/p>\n<p>According to the Dune dashboard, since November 15 more than 102 million MATIC (~$87.5 million) has been spent minting POLS. The Baby Shark collection is the most popular.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Do2-ifgfvHWRt2JF-RhH4L6ngiCHcMDyMrsWCIzGzv0fPwn8_l7_jrUAJZgPIrnYPNnjpPdxaaizKs_rZe73IMg18rsPkWwHRg14ZG7C8zPnjj2IHEG_1Ezd_-OcTjNLlTzJc2nNiDMj9mJbrtCmavE\" alt=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 Polygon \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 1000% \u043f\u043e\u0441\u043b\u0435 \u0437\u0430\u043f\u0443\u0441\u043a\u0430 POLS\"\/><figcaption class=\"wp-element-caption\">Gas spent on creating POLS. Data: Dune.<\/figcaption><\/figure>\n<p>PRC-20 works practically identically to BRC-20, but Polygon&#8217;s mechanism uses transaction-call data to generate NFTs.<\/p>\n<p>Co-founder Sandeep Nailwal responded to the situation. He noted that the number of transactions per second at one moment reached 170.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What is going on on <a href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a> POS chain? 6m transactions in last 24 hrs. 170 TPS on average. 1mn+ MATIC burnt by the protocol. The chain worked smoothly, gas fees went crazy though but no reorgs or 0 blocks etc.<\/p>\n<p>I hear there is some game Baby Shark Launching, could that be the\u2026<\/p>\n<p>\u2014 Sandeep Nailwal | sandeep. polygon ? (@sandeepnailwal) <a href=\"https:\/\/twitter.com\/sandeepnailwal\/status\/1725202988451483979?ref_src=twsrc%5Etfw\">November 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe blockchain worked smoothly, gas fees were crazy, but there were no reorganizations, zero blocks and the like,\u201d added Nailwal.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/polygon-launches-ethereum-token-pol-to-replace-matic\">launched<\/a> a smart contract on the Ethereum mainnet for the Polygon Ecosystem Token (POL), which is intended to replace MATIC. Details of the <a href=\"https:\/\/forklog.com\/en\/news\/polygon-proposes-replacing-matic-with-pol\">proposal<\/a> to replace the coin appeared in September.<\/p>\n<p>In late June, Polygon Labs unveiled the expected <a href=\"https:\/\/forklog.com\/en\/news\/developers-unveil-polygon-2-0-architecture\">Polygon 2.0 architecture<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 16 November, gas costs on the Polygon network surged by almost 1,000%, to around 5000 Gwei (~$0.1), as users began actively creating Ordinals-inspired POLS tokens.<\/p>\n","protected":false},"author":1,"featured_media":87168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1264],"class_list":["post-87167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-polygon-matic"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87167"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87167\/revisions"}],"predecessor-version":[{"id":87169,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87167\/revisions\/87169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87168"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}