Sandeep Nailwal: Polygon Successfully Manages 16 Million Transactions in One Day Without Flinching

Sandeep Nailwal: Polygon Successfully Manages 16 Million Transactions in One Day Without Flinching

Ethereum (ETH) off-chain scaling solution Polygon (MATIC) breaks Daily Transaction Record

Last week, the Polygon blockchain experienced an unprecedented surge in transactions, reaching a staggering 16,449,264 transactions on November 16th. This exceptional milestone represents a significant increase from the average number of daily transactions, which typically averaged below three million on the blockchain.

Polygon’s Seamless Handling of Transaction Spike

Sandeep Nailwal, the founder of Polygon, took to social media to highlight the network’s remarkable ability to handle the spike in transactions seamlessly. According to Nailwal, the network did not experience any downtime, despite processing over 16 million transactions. At its peak, Polygon’s proof of stake (PoS) demonstrated an impressive throughput of 255 transactions per second, surpassing the entire Ethereum ecosystem combined. The validators generated approximately $1 million in transaction fees in a single day, with gas fees reaching unprecedented levels.

Game-Based Transactions on Polygon Chain

Nailwal suggested that the sudden surge in transactions could be linked to the launch of a new metaverse game, Baby Shark, based on the Polygon chain. This game potentially contributed to the meteoric increase in transactions. However, Nailwal hinted that the transaction levels could return to normal once the minting process for the game ends.

Nailwal credited the efficient handling of the transaction volume to ongoing efforts to improve the Polygon ecosystem. He recognized the contributions of engineering contributors and the implementation of upgrades to the PoS protocol as critical factors in enabling the network to handle the monumental surge in transactions.

Hot Take: Is Polygon Poised for Long-Term Success?

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Polygon’s ability to process an unprecedented number of transactions in a single day is a testament to the scalability and reliability of its off-chain solution. With ongoing upgrades and developments, Polygon is positioning itself as a formidable player in the blockchain space, providing a robust infrastructure to support the burgeoning metaverse and gaming industry.

Sandeep Nailwal: Polygon Successfully Manages 16 Million Transactions in One Day Without Flinching
Author – Contributor at | Website

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy’s insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.