Category: PRC-20

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Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over

November 17, 2023

The POLS mint was arguably the most anticipated event on the Polygon (MATIC) blockchain this year and the stats have corroborated this. On Thursday, the Bitcoin BRC-20-inspired mint took place and the burn figures have been nothing short of impressive. Over 100 million MATIC tokens were incinerated as a result of this event. But data…
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Polygon gas fees spike 1000% amid Ordinals-inspired token craze

November 17, 2023

Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS. Gas fees on Ethereum layer-2 Polygon (MATIC) surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS.  In a Nov.…
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