Polygon Foundation (@0xPolygonFdn): Polygon PoS Network Update: Demand at All-Time High
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Polygon PoS Network Update: Demand at All-Time High Polygon PoS just hit an all-time high for demand and single-day fees generated, with a burn of 3 Million $POL (0.03% of POL's total supply). This demand has led to a rise in gas costs for some users, caused by persistent block saturation. → Polygon uses an EIP-1559 fee mechanism. When blocks are consistently above the target utilization (currently 50%), the base fee increases to match demand high demand → fuller blocks → higher base fees What we’re doing now Moving fast to expand capacity and smooth fees as demand grows. Concretely, this means supercharging the network in real time: • Increasing gas limit from 60M to 65M, expanding network capacity by ~8–10%. • Preparing a hard fork to adjust EIP-1559 target gas limit, raising the utilization target above 50% to support fuller blocks that come with higher demand. → This means allowing more of each block to be utilized before fees rise, making gas prices more manageable and predictable under sustained demand. Gas prices should also normalize faster after a burst of activity. Security will remain the top priority as each implementation is made. What’s next • Short term: keep pushing toward 5,000+ TPS • Medium term: continue execution on the Gigagas roadmap for long-term scaling For nodes, hard fork coordination details are coming shortly. We will share updates as each step rolls out. Thanks for your patience!