[Polygon-7] Polygon Fees

    Visualize the daily fees on Polygon since June 1, 2021. Compare these to the daily fees on Ethereum over the same time period - are they coorelated? Do they diverge significantly at any points? Provide analysis as to why you think this might be.

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    Ethereum vs Polygon Fees

    Ethereum dominates polygon in terms of daily fees, rightly so because the Gas Prices for ETH have been crazy since the NFTs have started.

    Note: The Ethereum data uses the Left Y-Axis, where as the Polygon data uses the Right Y-Axis for comparison purposes, the ETH values are a lot more than Polygon.

    Is there a co-relation

    If we take closer look at the data we don't see any explicit co-relation between the daily fees collected for Ethereum and Polygon except the fact that both of them have increased recently in Aug, 2021

    We do see a divergence in trend between 26 Aug to 05 Sep, where the ETH fees continue to rise, where as the Polygon fees dips quite a bit, this might be due to the fact that as ETH network gets congested the Gas fee for ETH transactions go up a lot, whereas that is not the case with Polygon.