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    HomeCrypto Finance

    Polygon gasoline charges spike 1,000% amid Ordinals-inspired token craze

    Crypto Finance
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    Gasoline charges on layer-2 Polygon surged greater than 1,000% to achieve 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) publish, 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 induced greater than $86 million of MATIC for use as gasoline. Supply: Dune Analytics
    Polygon gasoline charges have since returned to barely above-average ranges. Supply: Livdir

    Proceed Studying on Cointelegraph

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