The reason was that a major technical upgrade,called ‘The London Upgrade’ or ‘EIP -1559’, was being deployed on the Ethereum network. “The entire crypto industry is quite excited about the latest Ethereum network upgrade. The London upgrade and its need: It refers to a set of interconnected upgrades that will make Ethereum more scalable, more secure and more sustainable. “The Ethereum upgrade is popularly known as ‘London Hard Fork’. Polygon is also in advanced stages of implementing EIP-1559, as it wants to keep the startup as close to the Ethereum network as possible.

Source: Mint August 08, 2021 19:52 UTC