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Polygon Handled Over 16,000,000 Transactions in Single Day and ‘Didn’t Even Blink,’ Says Founder Sandeep Nailwal
Ethereum ( ETH ) scaling solution Polygon ( MATIC ) processed the highest number of daily transactions in the blockchain’s history last week.
On November 16th, the Polygon blockchain saw 16,449,264 transactions, marking a sudden and massive increase from the average of below three million per day.
In a post on social media platform X, Polygon founder Sandeep Nailwal says the network handled the spike without experiencing any downtime.
“Polygon handled 16+ million transactions, and the network didn’t even blink.
At its peak, PoS (proof of stake) had a throughput of 255 tps (transactions per second) – that’s around two to three times of the entire ETH ecosystem combined. Total transaction fees generated by the validators are around [$1 million] in a single day, though the gas fees spiked to insane levels.
Block rewards totaled more than 155,000 MATIC, around $1.2 million revenue for validators in a single day.”
Read More: https://dailyhodl.com/2023/11/20/polygon-handled-over-16000000-transactions-in-single-day-and-didnt-even-blink-says-founder-sandeep-nailwal/
Ethereum ( ETH ) scaling solution Polygon ( MATIC ) processed the highest number of daily transactions in the blockchain’s history last week.
On November 16th, the Polygon blockchain saw 16,449,264 transactions, marking a sudden and massive increase from the average of below three million per day.
In a post on social media platform X, Polygon founder Sandeep Nailwal says the network handled the spike without experiencing any downtime.
“Polygon handled 16+ million transactions, and the network didn’t even blink.
At its peak, PoS (proof of stake) had a throughput of 255 tps (transactions per second) – that’s around two to three times of the entire ETH ecosystem combined. Total transaction fees generated by the validators are around [$1 million] in a single day, though the gas fees spiked to insane levels.
Block rewards totaled more than 155,000 MATIC, around $1.2 million revenue for validators in a single day.”
Read More: https://dailyhodl.com/2023/11/20/polygon-handled-over-16000000-transactions-in-single-day-and-didnt-even-blink-says-founder-sandeep-nailwal/
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