Anyone else have PTSD from the CryptoKitties days? Remember when Crypto Kitties hit and gave the Ethereum blockchain the hug of death? Well - it's happening to the layer 2 solutions now. Polygon is getting eaten alive by 1 single dapp.
Sunflower Farmers
Sunflower Farmers is a play to earn game on Polygon where users are able to plant crops and earn SFF tokens for playing. Users can craft NFT items and farm resources. The crafting is very similar to Minecraft in that users can create their own recipes. Users and holders of the SFF token earn a cut of rewards distributed every 3 days. This is starting to sound very attractive in terms of rewards so I see why it is getting a lot of attention. I have not looks at the tokenomics or actually played the game yet but I definitely plan to. I'll probably do a separate post with some gameplay and such, but for now I'm just here to talk about the effect that this game is having on the Polygon chain.
Looking at Polygonscan above, you can see that on the gas tracker, the average fee per transaction is 600 Gwei. This is insane for Polygon. The "normal" gas fees lately have been less than 50 Gwei, usually closer to 10 Gwei. As Polygon has gotten more attention and started having more projects built on it, the gas fees of course increased. They also recently announced the implementation of EIP-1559 burning of the MATIC token which is going to drive the price of MATIC up in theory. At 99.8% network usage, the gas fees can be pretty expensive especially for a chain that is meant to have negligible fees.
With almost 8000 pending transactions, the layer 2 gas wars have begun. Some of the pending transactions have fees as high as 1,555 Gwei. Obviously this is nothing like Ethereum's insane fees lately, but it does raise a little bit of concern. If 1 dapp can consume the network like this, imagine when Polygon gets even more adoption and there are multiple games like this running at the same time. That's when the gas wars will really kick in. This really makes me question how much more scalable Polygon makes Ethereum as a layer 2 solution. If the layer 2 solution is decimated with pending transactions and fees continue to rise.... What's the point of the layer 2? I guess the good thing here is that there are multiple different layer 2 solutions for Ethereum, but people tend to gravitate toward one. Polygon. This seems very probleMATIC hahahaha.
Hive as a solution
Ok, so follow me here. If you know anything about the Hive blockchain, you know that there are nearly no fees and that transactions are instant and immutable. There are very few blockchain-intense games using the chain with Splinterlands being the exception. Why would you want to build your game on a blockchain that has fees that, while small, will add up very quickly. This is especially true for games like Sunflower Farmers where every single action is an on-chain transaction. Imagine playing this game for a few hours, you might be doing 100 transactions. That can add up rather quickly. One solution would be performing actions off-chain and just settling on chain to create less congestion... But that takes a whole lot more effort from devs than just building on a chain built for micro-transactions. Not a chain that's supposed to be a layer 2 solution to high fees that suffers from the same issues that the layer 1 does. I'm no developer, not am I a blockchain expert. This is just my 2 sats, for whatever that might be worth.
Thanks for reading! Much love.
Links 'n Shit
| Play to Earn | Get paid to Search | Get free crypto every day | Get a WAX wallet |
|---|---|---|---|
| Gods Unchained | Presearch | PipeFlare | WAX.io |
| Splinterlands | |||
| Rising Star |
Posted Using LeoFinance Beta
You have received a 1UP from @sketchygamerguy!
The @oneup-cartel sent its following family members to protect your post: @oneup-curator, @ctp-curator, @bee-curator
You can delegate your Hive-Engine tokens to our family members and earn daily curation rewards. Join the family on Discord.
Just kind of shows you that a platform that runs on fees per transaction instead of resource credits like hive will always be obsolete for growth. No one wants to be paying a fee for every transaction a feeless system makes more sense based on resources.
Yep. It's going to happen over and over to evm chains.
It is this “rent seeking mentality” that has this world in trouble. No way I’m paying large fees for any blockchain game regardless of how good it may be. Frankly defeats the purpose of open source.
I agree, more actions could be done off chain for a lot of these.
How did we get it right (almost) twice??
You have to learn somehow
As users tend to flock a certain network fees are increasing I cringe each time that the fees are way higher than the possible chance to earn. Great thing that we have games here in Hive and other gaming projects to look out too!
I'll be on the lookout for your review on the game once you joined in.
Thanks for sharing.
Posted Using LeoFinance Beta
Exactly. How is it play to earn if your earnings are less than the fees?
This just showed us that Polygon is garbage lol
Earlier was at 4.7k the GWEI...
SHEESH! Yeah, wen layer 3? lol
I'm certainly no gamer, but man do I dig the graphics on this one - Very Pokemon on the original GameBoy vibes!
But on a serious note, just lol at the whole Ethereum scaling via layer-2 debate.
It's just never going to happen.
Polygon will have its place simply because it allows a presence on mackdaddy Ethereum.
But with transaction fees like we see from just this one game, it's never going to achieve mass adoption.
All roads lead to Hive...
PS. Upvoted for your probleMATIC line haha. Banger.
Posted Using LeoFinance Beta
I also love the style of the graphics. I just wonder what's going to happen to Polygon when we finally see Ethereum 2.0. Hive is definitely the way.
Hello, I'd love to curate this post for the OneUp Cartel, but could you please add the CTP tag first to gain the full benefit of all the curation projects. Please reply here when you're ready.
Thanks! Added the tag
!1UP
You have received a 1UP from @sketchygamerguy!
@oneup-curator, @ctp-curator, @bee-curatorAnd look, they brought !PIZZA 🍕 The following @oneup-cartel family members upvoted your post:
Delegate your tribe tokens to our Cartel curation accounts and earn daily rewards. Join the family on Discord.