Polygon plans to increase transaction capacity by 33% in the fourth quarter

ChainCatcher news, 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.

Polygon's Vice President of Engineering, Adam Dossa, stated that this move aims to prevent severe congestion on the blockchain and provide stronger support for stablecoin payments and the transmission of RWAs (such as tokenized U.S. Treasury bonds). Currently, the supply of stablecoins on Polygon has exceeded $3 billion, and the monthly volume of P2P stablecoin transactions has grown nearly 40% this year. U.S. Treasury Secretary Scott Bessent expects the market value of dollar stablecoins to potentially grow to $2 trillion, and industry analysts share an optimistic outlook.

This upgrade will increase the block capacity from 1,071 transactions to 1,428, along with architectural improvements such as allowing validators to verify transactions without needing the complete state, in order 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.