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

Over the previous couple of days, Polygon customers have continually faced prolonged transaction execution instances and substantial charges, with the trigger b...

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

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 fees skyrocket due to
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.

The polygon network is congested transaction fees skyrocket due to
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.

The polygon network is congested transaction fees skyrocket due to
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.

The polygon network is congested transaction fees skyrocket due to
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.

The polygon network is congested transaction fees skyrocket due to
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:

More From Crypto News

XRP ETFs Hit 10-Week Green Streak as Solana Funds Lead
Crypto News

XRP ETFs Hit 10-Week Green Streak as Solana Funds Lead

XRP exchange-traded funds have recorded net-positive weekly flows for 10 consecutive weeks, extending the longest sustained inflow streak among altcoin ETF prod...

Sep 20, 20262 min read
Crypto Options Nearly Double Market Share as Derivatives Shift: Report
Crypto News

Crypto Options Nearly Double Market Share as Derivatives Shift: Report

Crypto options have nearly doubled their share of Bitcoin derivatives open interest, according to a joint report from Glassnode and Bybit that maps how the stru...

Sep 20, 20263 min read
Saylor Hints at More Strategy Bitcoin Buys After Fed Hike
Crypto News

Saylor Hints at More Strategy Bitcoin Buys After Fed Hike

Michael Saylor has signaled that Strategy may continue accumulating Bitcoin following the Federal Reserve’s latest rate increase. The remarks are a hint at inte...

Sep 20, 20263 min read
Bank of Russia Proposes 1% Capital Cap for Crypto Risk
Crypto News

Bank of Russia Proposes 1% Capital Cap for Crypto Risk

The Bank of Russia has released a draft regulation proposing that Russian banks and banking groups cap their covered cryptocurrency and foreign digital instrume...

Sep 20, 20263 min read
Bitcoin Tops $80,000 as Institutional Positioning Stays Mixed
Crypto News

Bitcoin Tops $80,000 as Institutional Positioning Stays Mixed

Bitcoin has cleared the $80,000 mark, a round-number milestone that draws immediate market attention, but the move arrives alongside institutional positioning t...

Sep 20, 20263 min read
Bitcoin Near $80K as AVAX Resists the Crypto Market Sell-Off
Crypto News

Bitcoin Near $80K as AVAX Resists the Crypto Market Sell-Off

Bitcoin is sliding toward the $80,000 level as a broad crypto market correction pressures prices across the board, while Avalanche’s AVAX is standing out by hol...

Sep 20, 20263 min read
Shiba Inu

Author

Shiba Inu

Read more CoinLive coverage and analysis from Shiba Inu.