Stock Groups

Arbitrage bot’s spam attack on the Polygon network generated $6,800 per day By Cointelegraph

[ad_1]


One of the biggest stories in 2021 has been the rise of layer-two protocol as decentralized finance (DeFi), nonfungible tokens, and NFT have driven transaction prices higher.ETHThe ) network efficiently prices out many participants.

The Polygon network (formerly MATIC) emerged earlier this year as one the leading contenders for an Ethereum layer-2 scaling solution. Its QuickSwap DeFi platform, which was also one the most successful, was another.

Comparison of the number of transactions made on Ethereum and Polygon. Source: Flipside Crypto
Average gas price for Polygon based on daily transactions. Source: Delphi Digital