Polygon Gas Fees Soar 1,000% Amid Ordinals-Inspired Token Craze
Gas costs on THE Polygon network reached as high as $0.10 during A mad rushing has mint A Inspired by ordinals token called POLS.
![Polygon gas fees increase by 1000% in the middle of ordinals - craze for inspired tokens](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-11/5755cf95-f1f3-417e-8ac8-ea2e5b3d28ee.jpg)
Gas costs on Ethereum layer-2 Polygon (MATIC) jumped more that 1000% has reach A peak of $0.10 as users flooded THE network with THE struck of Inspired by ordinals tokens double POLS.
In A Nov. 16 X (Previously Twitter) job Polygon founder Deep sand Nailwal sharing her surprise has THE pupil transaction activity on THE network saying THE point I could have has been due has THE launch of A new Based on polygons non-fungible token (NFT) collection.
What East going on on @0xPolygon POV chain? 6m transactions In last 24 hours. 170 GST on average. 1 min+ MATIC burned by THE protocol. THE chain work gently, gas costs went mad However but No reorganizations Or 0 blocks etc.
I hear there East a few game baby Shark Launch, could that be the…
— Deep sand Nailwal | deep. polygon (@sandeepnailwal) November 16, 2023THE reason For THE slight increase In network activity And suddenly point In gas costs seems has be future mostly Since A frenzy of enthusiasm For struck THE new POLS token.
Dune Analytic data watch THE rushing of struck activity For POLS coincided with more that 102 million MATIC tokens — value $86 million has current prices- be used as gas.
![](https://s3.cointelegraph.com/uploads/2023-11/0110c73f-1177-42da-9fd5-3807614f479d.png)
THE POLS token East built on A protocol double RPC-20, which works in the same way has THE Bitcoin Derivative of ordinals BRC-20 token standard.
According to has data Since Ethereum Virtual Machine data p...
![Polygon Gas Fees Soar 1,000% Amid Ordinals-Inspired Token Craze](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-11/5755cf95-f1f3-417e-8ac8-ea2e5b3d28ee.jpg?#)
Gas costs on THE Polygon network reached as high as $0.10 during A mad rushing has mint A Inspired by ordinals token called POLS.
![Polygon gas fees increase by 1000% in the middle of ordinals - craze for inspired tokens](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-11/5755cf95-f1f3-417e-8ac8-ea2e5b3d28ee.jpg)
Gas costs on Ethereum layer-2 Polygon (MATIC) jumped more that 1000% has reach A peak of $0.10 as users flooded THE network with THE struck of Inspired by ordinals tokens double POLS.
In A Nov. 16 X (Previously Twitter) job Polygon founder Deep sand Nailwal sharing her surprise has THE pupil transaction activity on THE network saying THE point I could have has been due has THE launch of A new Based on polygons non-fungible token (NFT) collection.
What East going on on @0xPolygon POV chain? 6m transactions In last 24 hours. 170 GST on average. 1 min+ MATIC burned by THE protocol. THE chain work gently, gas costs went mad However but No reorganizations Or 0 blocks etc.
I hear there East a few game baby Shark Launch, could that be the…
— Deep sand Nailwal | deep. polygon (@sandeepnailwal) November 16, 2023THE reason For THE slight increase In network activity And suddenly point In gas costs seems has be future mostly Since A frenzy of enthusiasm For struck THE new POLS token.
Dune Analytic data watch THE rushing of struck activity For POLS coincided with more that 102 million MATIC tokens — value $86 million has current prices- be used as gas.
![](https://s3.cointelegraph.com/uploads/2023-11/0110c73f-1177-42da-9fd5-3807614f479d.png)
THE POLS token East built on A protocol double RPC-20, which works in the same way has THE Bitcoin Derivative of ordinals BRC-20 token standard.
According to has data Since Ethereum Virtual Machine data p...
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