The Polygon network experienced a surge in gas fees, with the current gas fee reaching over 1700 gwei, likely due to the Polygon Inscription PRC-20 POLS casting event. On November 15, the network saw a peak transaction volume of over 6.1 million transactions. The surge in transaction fees was attributed to the minting of Ordinals-like tokens. Additionally, the cumulative fees generated from Bitcoin inscriptions on November 16 exceeded 2,500 BTC, with over 80% of fees paid for BRC-20 type inscriptions. The surge in transaction fees on the Polygon network following the POLS token launch was significant, and FTX/Alameda-labeled addresses received around 11.5M $MATIC (worth ~$9.8M) from Polygon (Matic) PoS Staking Contract.
Due to the popularity of BRC20, Bitcoin’s daily transaction fee was US$11.63 million on November 16, surpassing Ethereum (US$8.446 million) for the first time since mid-November 2020. At the same time, Bitcoin’s daily transaction fee was the highest since May 10.… https://t.co/wzevk5FEkq
Breaking records! 💰 Annual mining revenues soared past $44 million in block rewards and transaction fees, signaling a significant shift in 2023.📈 This surge, last seen in April 2022, marks a turning point for 2023 as crypto entrepreneurs lead the way. 🚀 #CryptoMining https://t.co/qaVVnvtrlw
Onchain Fees on #Bitcoin Network Soar, Reaching Near-Record Heights https://t.co/YO3JRCY850
#Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes https://t.co/YO3JRCY850
#PeckShieldAlert #Ethereum Foundation-labeled address has transferred ~1,066 $ETH (~$2.11M) to Gnosis Safe Proxy (0x221F…b0ed) https://t.co/dZWbpH1uEK
Major Surge in Transaction Fees on Polygon Network Following POLS Token Launch https://t.co/qW7rYErtuZ
#PeckShieldAlert #polygon gas fee https://t.co/g5zBwRvrqC
#PeckShieldAlert #FTX/#Alameda-labeled addresses received ~11.5M $MATIC ( Worth ~$9.8M) from #Polygon (Matic): PoS Staking Contract https://t.co/1FApirNAd6
Gas fees on the @0xPolygon network surged more than 1000% during a mad rush to mint a new Ordinals-inspired token dubbed POLS. https://t.co/1uhEMMxCch
ICYMI: Minting of Ordinals-like tokens causes big surge in Polygon transaction fees https://t.co/HU8j1O6aLR
Cumulative fees generated from #Bitcoin inscriptions exceeded 2,500 BTC on Thursday, November 16. Over 80% of all fees paid on the network for inscriptions have been for BRC-20 type inscriptions, which are text-based inscriptions. https://t.co/0eXkE9aq1C
Polygon Version of Bitcoin Ordinals Sends Gas Fees Skyrocketing Click below to read: https://t.co/JRS9VG2Nl5
Minting of Ordinals-like tokens causes big surge in Polygon transaction fees https://t.co/N19sJPi4Ac
On Nov. 15, the Polygon network reached its peak transaction volume for the year, exceeding 6.1 million transactions https://t.co/nW8pfxVaCA
According to Polygonscan, the current Polygon Gas fee has soared to over 1700 gwei, which may be related to the Polygon Inscription PRC-20 POLS casting event. In addition, the number of transactions on the Polygon exceeded 6.1 million on November 15, which was the peak of the… https://t.co/glQla6nFrQ
#PeckShieldAlert #polygon gas fee https://t.co/u9IiKJjq5X