Polygon Gas Fees Spike Over 1000% During POLS Token Minting Frenzy
- Gas fees on Polygon spiked over 1000% as users rushed to mint POLS tokens
- POLS tokens are inspired by Bitcoin Ordinals and follow a similar PRC-20 standard
- Over $86 million in MATIC was burned as gas during the POLS minting frenzy
- Only 8.7% of total POLS supply has been minted so far by just over 18,000 owners
- Polygon gas fees have since returned to normal levels after the initial spike