Polygon plans to increase transaction capacity by 33% in Q4

ChainCatcher reported that Polygon Labs developers plan to increase the network's single-block transaction capacity by 33% in the fourth quarter of this year by raising the block gas limit, in order to proactively address the growing demand in the stablecoin market.

Adam Dossa, Vice President of Engineering at Polygon, stated that this move aims to prevent severe blockchain congestion and provide stronger support for stablecoin payments and RWA (such as tokenized US Treasuries) transfers. Currently, the stablecoin supply on Polygon has exceeded $3 billion, and the monthly volume of P2P stablecoin transactions has grown by nearly 40% this year. US Treasury Secretary Scott Bessent expects the market capitalization of USD stablecoins to potentially grow to $2 trillion in the future, and industry analysts are also optimistic.

This Polygon upgrade will increase block capacity from 1,071 transactions to 1,428 transactions, along with architectural improvement tests (such as allowing validators to verify transactions without the full state), to reduce the impact on decentralization and hardware costs. Dossa stated that Polygon's ultimate goal is to achieve 5,000 to 10,000 transactions per second.