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    Polygon Hard Fork

    ETH-scaling project Polygon completed a hard fork last month in hopes of reducing gas fees, as well as disruptive chain reorganizations known as "reorgs,” according to Coindesk. Let’s dive into the network’s health and performance leading up to and since the hard fork. Has the software upgrade led to lower gas fees as hoped? Have these changes affected any meaningful user metrics, such as volume, activity, monthly active users, or others?

    Background

    A hard fork (or hardfork), as it relates to blockchain technology, is a radical change to a network's protocol that makes previously invalid blocks and transactions valid, or vice-versa. A hard fork requires all nodes or users to upgrade to the latest version of the protocol software.

    Polygon on January 23, 2023, successfully completed a hard fork designed to reduce instances of spiking gas fees and disruptive chain reorganizations known as "reorgs."

    The software upgrade occurred at 10:45 UTC (5:45 a.m. ET) on Tuesday (January 17), according to a tweet from Polygon Labs, the lead company behind the project. The two proposals included in the hard fork were put forth in December. Some 87% of Polygon validator teams that participated voted for approval.

    In this dashboard, we are going to analyze The effect of Hard Fork, a month before and after January 17.

    Analysis sections

    1. Activity changes
    2. Fee changes

    Author

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