CryptoMediaClub
Tuesday, June 24, 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

OKX Ventures, Aptos Foundation Create $10M Accelerator Fund to Further Web3 Adoption

OKX Ventures, Aptos Foundation Create $10M Accelerator Fund to Further Web3 Adoption

11 months ago
Top Crypto Gainers Today on DEXScreener – IGGY, BIGT, DonutsTROMP

Top Crypto Gainers Today on DEXScreener – IGGY, BIGT, DonutsTROMP

10 months ago
Immutable zkEVM begins testnet phase with 12 Web3 games in development

Immutable zkEVM begins testnet phase with 12 Web3 games in development

2 years ago
Universal Virtual Machine Based on ZKP Now Available

Universal Virtual Machine Based on ZKP Now Available

1 year ago

Categories

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

Highlights

Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions

Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

$100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move

Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

$2M Whale Purchase Rescues FARTCOIN from Collapse — $2 Price Target Within Reach?

Trending

Fintech Firm Fiserv Taps PayPal and Circle to Power Its Stablecoin Initiative
All news

Fintech Firm Fiserv Taps PayPal and Circle to Power Its Stablecoin Initiative

24.06.2025
0

Fiserv, one of the largest fintech firms in the US, announced plans Monday to launch its own...

Bitcoin Reclaims $106K After Trump’s Israel-Iran Ceasefire — Is $110K Next?

Bitcoin Reclaims $106K After Trump’s Israel-Iran Ceasefire — Is $110K Next?

24.06.2025
Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech

Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech

24.06.2025
Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions

Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions

24.06.2025
Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

24.06.2025
  • 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