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tether
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    HomeCrypto Finance

    Polygon gasoline charges spike 1000% amid Ordinals-inspired token craze

    Crypto Finance
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    Latest News

    Fuel charges on layer-2 Polygon (MATIC) surged greater than 1,000% to succeed in a peak of $0.10 as customers inundated the community with the minting of Ordinals-inspired tokens dubbed POLS.

    In a Nov. 16 X (previously Twitter) submit Polygon founder Sandeep Nailwal shared his shock on the elevated transaction exercise on the community saying the spike may’ve been as a result of launch of a brand new Polygon-based nonfungible token (NFT) assortment.

    POLS brought about greater than $86 million of MATIC for use as gasoline.
    Polygon gasoline charges have since returned to barely above-average ranges. Supply: Livdir

    Proceed Studying on Cointelegraph

    See also  Goldman Sachs says crypto present process a 'wholesome retracement'
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