At the beginning of this month, users made about 6 million transactions daily on the altcoin network. As of October 11, this indicator decreased to 3.2 million transactions.
The number of transactions on the Polygon network has halved after the protocol developers raised transaction fees. A decrease in the number of Polygon transactions is indicated by data from the Polygonscan service. Back in early October, about 6 million transactions were made daily in the Polygon network. As of October 11, this figure fell to 3.2 million transactions.
On October 5, Polygon co-founder Sandeep Nailwal told users that the development team will increase network fees from 1 Gwei to 30 Gwei to combat spam transactions that threaten network stability.
Polygon is an Ethereum-compatible second-tier sidechain powered by PoS (Proof-of-Stake) algorithm. This network is faster and with lower fees than the main Ethereum network.