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Polygon Handled Over 16,000,000 Transactions in Single Day and ‘Didn’t Even Blink,’ Says Founder Sandeep Nailwal

Polygon Handled Over 16,000,000 Transactions in Single Day and ‘Didn’t Even Blink,’ Says Founder Sandeep Nailwal

Ethereum (ETH) scaling solution Polygon (MATIC) processed the highest number of daily transactions in the blockchain’s history last week. On November 16th, the Polygon blockchain saw 16,449,264 transactions, marking a sudden and massive increase from the average of below three million per day. In a post on social media platform X, Polygon founder Sandeep Nailwal […]

The post Polygon Handled Over 16,000,000 Transactions in Single Day and ‘Didn’t Even Blink,’ Says Founder Sandeep Nailwal appeared first on The Daily Hodl.

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Breaking: Polygon blockchain reportedly suffers network outage

The blockchain has not produced any new blocks or processed transactions for at least an hour and 40 minutes, leading some to believe its currently suffering an outage.

Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain network could be suffering from an outage.

Latest blocks and transactions on Polygon. Source: Polygonscan

According to data from Polygonscan, the blockchain's last block and transaction was processed at around 8:35 pm UTC on Feb. 22.

The network has previously suffered network outages, with the last occurring on Mar. 21-22, 2022 due to maintenance required on one of the network's three layers.

The Polygon team is yet to comment on the outage.

This is a developing story, and further information will be added as it becomes available.

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership