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HomeFinancePolygon fuel charges spike 1,000% amid Ordinals-inspired token craze
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Polygon fuel charges spike 1,000% amid Ordinals-inspired token craze

Fuel charges on layer-2 Polygon surged greater than 1,000% to succeed in a peak of $0.10 as customers inundated the community with the minting of Ordinals-inspired tokens dubbed POLS.

In a Nov. 16 X (previously Twitter) put up, Polygon founder Sandeep Nailwal shared his shock on the elevated transaction exercise on the community, saying the spike might’ve been as a result of launch of a brand new Polygon-based nonfungible token (NFT) assortment.

POLS triggered greater than $86 million of MATIC for use as fuel. Supply: Dune Analytics
Polygon fuel charges have since returned to barely above-average ranges. Supply: Livdir

Proceed Studying on Cointelegraph

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