On November 16, gas prices on the Polygon network jumped nearly 1,000% to levels of around 5,000 Gwei (~$0.1) as users began actively creating Ordinals-inspired POLS tokens.

Blockchain activity also increased sharply, with the number of transactions increasing from 2.89 million to an all-time high of 16.5 million.

At the same time, commissions at Polygon, even during peak load, did not exceed those of Ethereum. The transfer fee in the second largest blockchain by capitalization reached $30.

At the time of writing, Polygon gas prices have stabilized to the standard 1000 Gwei.

The surge is driven by the popularity of the recently launched PRC-20 standard, which allows for the creation of non-fungible tokens similar to Ordinals on the Bitcoin network.

According to the Dune dashboard, since November 15, over 102 million MATIC (~$87.5 million) have been spent on minting POLS. The most popular collection is Baby Shark.

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