CryptoMediaClub
Sunday, June 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Polygon Gas Fees is 7x Cheaper Than Ethereum

28.04.2023
A A
0
131
VIEWS
ShareShare

Polygon Gas Fees

  • Low prices on Polygon held steady even when there was a lot of network traffic.
  • The two networks’ – Ethereum’s and Polygon’s – fees differed noticeably in April.

Users of Ethereum have long had to deal with high gas prices because of the network’s popularity, which causes fees to increase during busy periods. Users of the Polygon network may have discovered some relief in April, though. Data shows that compared to Ethereum Mainnet, Polygon’s daily average gas rates were seven times less expensive.

Average Daily Gas Fees on Polygon Mainnet: Polygonsscan

The striking price disparity is probably a result of Polygon’s architectural design. Polygon is a layer-two scaling solution built on top of the Ethereum network, allowing it to provide customers with quick, affordable transactions. Costs are kept low via its Proof-of-Stake (PoS) consensus method since block creators are rewarded with tiny fees rather than the bigger incentives provided on Ethereum Mainnet.

Polygon Soar Over 300% in April

Despite the variations in network architecture, Polygon has experienced significant growth recently. In fact, in just April, a few important indicators saw an increase of over 300%. The number of daily active network users was one of these measures. During the month, an average of 75,000 daily active users were registered on Polygon, which experienced a sharp surge in activity. This is a 330% rise over March, demonstrating the network’s rising popularity.

The number of network transactions executed was another statistic that increased significantly. From just 1.5 million in March, Polygon executed an average of 6.5 million transactions daily in April. This astronomical 333% growth in transaction volume demonstrates that people are choosing Polygon as a strong Ethereum substitute.

On the Polygon network, the total value locked (TVL) also experienced a significant rise. The TVL reached an all-time high of $10 billion in April, an increase of 306% over the previous month. All of these indicators lead to rising interest in Polygon and its capacity to offer customers quick, affordable transactions. More users will probably look to Polygon as a workable substitute while Ethereum continues to struggle with excessive gas fees. With such excellent growth indicators, it is obvious that Polygon is a network to keep an eye on in the upcoming months.

Recommended For You

  • Google Cloud Partners With Polygon Labs, Building Web3 Products
Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
Bitcoin Miner Greenidge Eyes Expansion With Core Scientific Collaboration

Bitcoin Miner Greenidge Eyes Expansion With Core Scientific Collaboration

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Investors flock to Bitcoin after Ethereum’s Shapella upgrade

Investors flock to Bitcoin after Ethereum’s Shapella upgrade

2 years ago
Hong Kong SFC Warns of Websites Impersonating Regulated Crypto Exchanges

Hong Kong SFC Warns of Websites Impersonating Regulated Crypto Exchanges

1 year ago
Web3 Registrar Orange Domains Combines BNS and DNS

Web3 Registrar Orange Domains Combines BNS and DNS

1 year ago
Manchester City Teams Up with Quidd to Launch Digital Collectibles and Fan Experiences

Manchester City Teams Up with Quidd to Launch Digital Collectibles and Fan Experiences

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

Two NYPD Allegedly Officers Caught in Crypto Kidnapping Storm, Duties Curtailed

Bitcoin Price Prediction: Post-$827M Liquidation Carnage – Can BTC Reclaim $104k Amid ETF Inflows?

Ethereum Price Prediction: ETH at $2,517 After Sharplink Gaming’s $48M Institutional Buy-in News — SEC Filing Sparks Bullish Sentiment

BlackRock’s IBIT Sees $430M Outflow, Ending 31-Day Inflow Streak

FTX Recovery Trust Begins $5B Second Payout to Creditors

Trending

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?
All news

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

01.06.2025
0

South Korean gaming firm Wemade is preparing for a new chapter after a Seoul court rejected its...

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

01.06.2025
JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

01.06.2025
Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

01.06.2025
Two NYPD Allegedly Officers Caught in Crypto Kidnapping Storm, Duties Curtailed

Two NYPD Allegedly Officers Caught in Crypto Kidnapping Storm, Duties Curtailed

01.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz