Nailwal also gave a shoutout to the core developers, validators, and everyone else who is participating in running the network.
This is a significant milestone for Polygon, as it shows that the network is able to handle a large amount of traffic and generate revenue for its stakers. The $1.2 million in revenue generated in a single day is a testament to the network’s scalability and efficiency.
I am not sure if a lot of ppl noticed that Polygon POS smoothly processed 17mn transactions in a single day, generated 1.2mn revenue for the stakers. Insane!
Shout out to core devs, validators and everyone participating in running the network🔥🔥 pic.twitter.com/ZAV2gQAEjb
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) November 18, 2023
The recent success of Polygon is due in part to the network’s recent rebranding. In June of this year, Polygon announced that it was changing its name from MATIC to POL. The rebranding was part of a larger effort to reposition the network as a more user-friendly and accessible platform.
The rebranding has been successful so far, as Polygon has seen a significant increase in user activity since the change. The network is now processing over 1 million transactions per day, and it is one of the fastest-growing blockchain networks in the world.
The success of Polygon is a positive sign for the future of Ethereum. Polygon is one of a number of Layer 2 scaling solutions that are being developed to help Ethereum scale to meet the demands of its users. If these scaling solutions are successful, then Ethereum will be able to continue to grow and thrive in the years to come.