The number of transactions on the Ethereum layer 2 aggregator Polygon has dropped significantly since the team decided to increase the cost of gas. According to the Polygonscan blockchain tracker, daily transactions have fallen from over 6 million earlier this month to around 3.2 million as of Oct 11.

Chinese media outlet Wu Blockchain attributed the slump to a recent hike in gas prices on the layer 2 ecosystem,

“After Polygon increased the Gas Price from 1 Gwei to 30 Gwei, the average daily transaction volume on the Internet has nearly halved recently,”

Source Polygon Transactions Drop by Half Following Gas Fee Hike (yahoo.com)

By block head

Block Head is a blockchain journalist.