• 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

January 7, 2022
in Crypto News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Memecoin Index Plunges 74% Amid This Best 100X Crypto Presale Exploding in 2026 – Dogecoin Tumbles 11% And SHIB Hits $0.05

Memecoin Index Plunges 74% Amid This Best 100X Crypto Presale Exploding in 2026 – Dogecoin Tumbles 11% And SHIB Hits $0.05

February 13, 2026
Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

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 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.

1641523368 723 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.

1641523368 607 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:

Tags: BlockchaincongestedduefeesgameNetworkPolygonskyrockettransaction
Share76Tweet47

Related Posts

strategy sells 32 btc thumbnail

Strategy Sells 32 BTC: What the Bitcoin Sale Means

by Akita Inu
July 15, 2026
0

Strategy sold 32 BTC for $2. 5 million in late May, a rare disposal by the largest corporate Bitcoin holder...

bitcoin 8b 51 attack risk ethereum more secure thumbnail

Bitcoin Faces $8B 51% Attack Risk, Ethereum More Secure

by Akita Inu
July 14, 2026
0

Duke University Professor Campbell Harvey has argued that a 51% attack on Bitcoin could cost roughly $8 billion, and that...

crypto exchanges wall street asset distribution channel thumbnail

Crypto Exchanges Become Wall Street Asset Distribution Channel

by Akita Inu
July 14, 2026
0

Crypto exchanges are positioning themselves as distribution channels for Wall Street assets, marking a structural shift in how traditional financial...

bonzo lend loses 9m zeroed oracle signature exploit thumbnail

Bonzo Lend Loses $9M in Zeroed Oracle Signature Exploit

by Akita Inu
July 13, 2026
0

Bonzo Lend disclosed that an attacker manipulated oracle price feeds by submitting a zeroed signature that the protocol's verification logic...

trump calls on senate to pass crypto clarity act thumbnail

Trump Urges Senate to Pass Crypto Clarity Act

by Akita Inu
July 13, 2026
0

Trump's public endorsement elevates the bill's profile within the Senate and pressures leadership to schedule floor time. The administration has...

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

  • Strategy Sells 32 BTC: What the Bitcoin Sale Means
  • Bitcoin Faces $8B 51% Attack Risk, Ethereum More Secure
  • Crypto Exchanges Become Wall Street Asset Distribution Channel
  • Bonzo Lend Loses $9M in Zeroed Oracle Signature Exploit
  • Trump Urges Senate to Pass Crypto Clarity Act
  • Ripple CEO Says SEC Lawsuit Nearly Pushed Company to Shut Down
  • SBI Solana Partnership Eyes Japan On-Chain Market
  • Pi Network’s PI Hits New All-Time Low After 11% Drop as 130M Token Unlock Nears
  • 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