Polygon Fees Spike Due to Experimental Token Activity
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Gas fees on Polygon's proof-of-stake chain skyrocketed to over $0.10 on Thursday due to an influx of PRC-20 activity.
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The POLS token was primarily responsible for the surge in transactions and fees.
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Similar to Bitcoin's BRC-20 tokens, PRC-20s are an experimental class of tokens on Polygon.
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Inscriptions-based token activity previously sent fees on Bitcoin to multi-year highs earlier this year.
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Some developers have questioned the purpose of inscriptions tokens on networks with already low fees like Polygon.