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Polygon (MATIC) Gas Fees Rocketed Due to This Game

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Sat, 01/08/2022 - 17:34
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Vladislav Sopov
Users of decentralized applications on Polygon (MATIC) blockchain are ready to sign petition to prevent Sunflower Farmers from eating all its resources
Polygon (MATIC) Gas Fees Rocketed Due to This Game
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Bloomberg Crypto observers noticed that players of Sunflower Farmers have clogged up the Polygon (MATIC) blockchain network. Here's how the euphoria around one game can paralyze one of the top smart contracts platforms.

Sunflower Farmers broke Polygon: Bloomberg

According to the article by Bloomberg's Olga Kharif, a spike of in-game activity on Sunflower Farmers play-to-earn protocol on Polygon (MATIC) sent median gas fees to exorbitant levels.

As per data displayed by mainstream Polygon explorers, in the first days of 2022, gas fees on Polygon (MATIC) rallied to new historic highs.

Sunflower Farmers are eating Polygon resources
Image by Polygonscan

On Jan. 1-3, Polygon gas rates increased by 600%. The most obvious catalyst of the first massive Polygon (MATIC) network collapse is the activity of the Sunflower Farmers game.

Currently, its users are sending more than two million transactions on Polygon every 24 hours. The game became the #1 gas consumer on Polygon Network, leaving USD Coin and Wrapped MATIC token contracts in the dust.

Migration to Terra, Solana in the cards?

As the game now harnesses more than 70% of Polygon's resources, some users of dApps on the same network even proposed to launch a petition to prevent Sunflower Farms from accessing Polygon.

As such, Polygon collapses the same way Ethereum did in 2020-2021. As covered by U.Today previously, Ethereum (ETH) was clogged by Ponzi schemes MMM Crypto and Forsage.

Related
There’s New Leader on Ethereum Blockchain When It Comes to Gas Consumption

While some analysts claim that this is nothing but a growing pain of Polygon, developers might start considering moving their applications to other EVM-compatible blockchains.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)