Polygon Insights #5
Hola readers! The past week has been an exciting one, Adidas and Prada are launching NFTs on Polygon, FTX integrates Polygon PoS mainnet, and the Polygon Road to Web3 hackathon at ETHGlobal was announced.
Let’s dive in. ⚡️
Key takeaways: EIP 1559 went live on January 18, 2022. It is a huge milestone, ensuring Polygon PoS remains fully compatible with Ethereum and introducing the by now famous fee and burn mechanisms. As part of the implementation, the PoS block size went from an average of 20MB to 10MB.
This combined with Polygon’s much faster block times created cascading effects on average transaction costs, active addresses, and number of transactions.
⛽️ Gas Fee saved by using Polygon: $110 Million daily ($40.16 per Txn)
Detailed analysis on prev. week is here.
For in-depth weekly analysis threads, view our Analytics resources on GitHub. View all the latest announcements and updates about Polygon on our Blog post.
We are happy to welcome you to our official Discord server or answer your questions via GitHub Discussions. Thanks for reading! 🤝