What Is Polygon? Understanding Polygon and How It Works

While the recent Ethereum Merge is the first step towards increasing the transactions per second (TPS) on the blockchain, most of the upgrades that will facilitate that speed are still in the future. Ethereum is able to process about 10 to 30 transactions per second, with transaction fees hovering around $25, as of January 2023. During periods of high network congestion, the price can spike two or three times higher.