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Ethereum EIP-1559 upgrade launches on Polygon to burn MATIC

Published 01/17/2022, 10:58 PM
Updated 01/18/2022, 12:40 AM

The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year has launched on the layer-two scaling network Polygon.

Ethereum’s EIP-1559 upgrade shipped with its London hard fork last summer and has been a success in terms of gas price predictability and network fee burning. The upgrade has now launched on the layer-two scaling network Polygon in an effort to improve “fee visibility”. It went live about an hour ago at block 23850000.

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