Polygon, the sixth-largest blockchain by assets locked, is increasing the minimum gas price for transactions on its network by a factor of 30.
The move comes as the network recently surpassed Ethereum in terms of Daily Active Addresses and is intended to reduce the number of spam transactions on the network.
While Polygon will continue to offer the cheapest transactions among the major DeFi chains at $0.002, even after the fee hike, the gap is closing between it and competing low-cost blockchains like Solana, Fantom and Arbitrum, whose transactions have an average cost of $0.001, $0.05 and $0.10 respectively.
Solana processes 50,000 transactions per second, and its average cost per transaction is $0.00025,