• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The polygon network is congested, transaction charges skyrocket due to a blockchain game

411
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Related articles

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023
Hackers did not return money, Kyber Network threatens legal action

Hackers did not return cash, Kyber Network threatens legal action

November 27, 2023

Over the previous couple of days, Polygon customers have continually faced prolonged transaction execution instances and substantial charges, with the trigger believed to come from the NFT Sunflower Farmers game.

The polygon network is congested, transaction charges skyrocket due to a blockchain game

Although it has lengthy been acknowledged as a blockchain with substantial transaction throughput and reduced transaction charges, this week the Polygon network was complained by numerous customers for regular congestion, as very well as substantial charges, numerous instances larger than normal for the transaction processing.

However, not like the congestion problems of other platforms this kind of as NFT on Ethereum or IDO on Solana, the trigger of Polygon’s latest poor scenario stems from Sunflower growers – a farm NFT game with particularly easy layout and graphics, in which gamers complete blockchain transactions to signify resource gathering routines, in exchange for the game’s SFF tokens. Additionally, the reality that Sunflower Farmers has a mechanism to back up all player information each 25 minutes to the Polygon blockchain exacerbates the issue as the quantity of gamers increases.

Transaction charge statistics on Polygon. Source: Polygonscan

According to statistics, from a charge of much less than $ .01, the transaction charge on Polygon this week occasionally reached $ .five, an maximize of far more than 50 instances. Polyscan information demonstrates that Polygon’s quantity of lively addresses in the previous seven days also greater by 60%, to far more than 200,000 addresses. However, numerous persons speculate that this quantity is “virtual”, since all the robots are plowing the Sunflower Farmers game.

Statistics on the quantity of lively addresses on Polygon. Source: Polygonscan

Meanwhile, DappRadar reviews that Sunflower Farmers has been the ideal app on Polygon for the previous seven days with more than 440,000 customers, double the identify behind DEX QuickSwap.

Ranked with the application with the most customers on Polygon as of the morning of January seven, 2022. Source: DappRadar

Dan Elitzer, co-founder of hedge fund Nascent, says this is the outcome of Polygon’s concentrate on carrying out company on the low-priced. He mentioned:

“If you make something that calculates and has global coverage with near-free usage, people will play it until it stops or the fees go up to the point of stopping them.”

The stagnation brought on by Sunflower Farmers also offers a great new instance of why well-liked blockchain video games need to take into account building their very own sidechain in the initial area, as Axie Infinity does by functioning with Ronin.

Polygon’s growth crew has nevertheless to comment on the state of the blockchain, brought on by Sunflower Farmers.

Meanwhile, despite the fact that the selling price of the SFF token has dropped practically ten instances from the peak, the heat of Sunflower Farmers nevertheless isn’t going to look to have stopped.

SFF token selling price motion in the previous 72 hrs, in accordance to CoinMarketCap

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BlockchaincongestedduefeesgameNetworkPolygonskyrockettransaction
Share164Tweet103

Related Posts

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7