The launch of a new token called POLS, inspired by Ordinals, has led to a significant surge in transaction fees on the Polygon network. Gas fees on the network surged by more than 1000% due to the rush to mint the POLS token. This surge in fees has resulted in a major increase in transactions on the Polygon network, surpassing the combined activity on Ethereum, Arbitrum, Optimism, BNB, and Avalanche. The transaction fee cost on the Ordinals chain is now $15.
transaction fee cost on the ordinals chain is now $15 https://t.co/WrX8Ndbgis
In the last 2 days, @0xPolygonLabs saw a BIG spike in transactions This was due to the minting of $POLS tokens These are are PRC-20, similar to Bitcoin ordinals' BRC-20 https://t.co/TNDtiCZCaG
🚀 #Polygon is soaring! Transactions surged over 465% this week, hitting a record 16.4M daily, outpacing combined activity on Ethereum, Arbitrum, Optimism, BNB, & Avalanche. 📈 What's driving this? The innovative PRC-20 token standard, a fresh take inspired by Ordinals but… https://t.co/lF7OeXxDti https://t.co/n5ZoEgjvak
Major Surge in Transaction Fees on Polygon Network Following POLS Token Launch https://t.co/qW7rYErtuZ
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
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