The cost of Polygon, an ethereum scaling solution, has soared to an all-time high. The reason? A game.
Polygon gas prices soared to an all-time high of 410 Gwei on average. According to Polygon, this is almost double the previous high of 226 posted on December 4 Block Browser .
A Gwei is equal to one billionth of a MATIC token, native to Polygon, and transactions require many units of gas (denominated in Gwei), with more complex transactions requiring more. So while 410 Gwei is still only a fraction of a cent, transactions cost many units of gas, but these price increases add up.
The game that drove the dramatic rise is called Sunflower Farmer, and people like Stephen Bentyn, who works on the Polygon based app Sapiency, they are Joking on Twitter "Sunflower breaks Polygon".
This isn't the first time games have crashed the blockchain. The most notable examples are Ether itself and CryptoKitties, arguably the first NFT application to gain mainstream acceptance. Worryingly, extended solutions like Polygon aim to prevent this problem by removing transactions from the Ether mainchain to avoid popular apps jacking up fees and slowing down confirmation times.
Image: K-line chart of gas consumption by address on Polygon, with Sunflower's address in blue. Source: Polygon scan
With over 359,000 users in the last 24 hours, DappRadar ranks Sunflower Farmer as the second largest app on any blockchain, behind only PancakeSwap on the Coin Smartchain (BSC) and ahead of behemoths like Axie Infinity and OpenSea.
The problem with Polygon may be more costly than the use of blockchain. Phillippe Castonguay, product director at Horizon Games, has produced a Polygon-based game called Skyweaver that Tweets Given the sudden surge in demand for transactions on the blockchain, approximately 11% of Polygon verifiers failed to submit blocks.
Keiya Kasten Expressed The Sunflower Game is the root of the problem.
At the top, the Sunflower game involves growing plants and harvesting them later in exchange for the project's SFF tokens. Users can also use SFF to purchase other tools that can be used to acquire additional resources that can be exchanged for NFTs represented by objects such as chicken coops or scarecrows.
Photo: Screenshot of Sunflower game.
According to CoinGecko, SFF is down 51 percent in the last 24 hours as of Jan. 5, while Polygon's token MATIC is down 9.3 percent as part of a broader sell-off that saw the overall cryptocurrency market cap fall 4.7 percent.