On November 16th, the Polygon blockchain saw 16,449,264 transactions, marking a sudden and massive increase from the average of below three million per day.
In a post on social media platform X, Polygon founder Sandeep Nailwal says the network handled the spike without experiencing any downtime.
“Polygon handled 16+ million transactions, and the network didn’t even blink.
At its peak, PoS (proof of stake) had a throughput of 255 tps (transactions per second) – that’s around two to three times of the entire ETH ecosystem combined. Total transaction fees generated by the validators are around [$1 million] in a single day, though the gas fees spiked