Any idea to update list of data with better way? - eloquent

Question

Using Laravel 5.5 and eloquent.
Now i got a lot of data list with number.
Example Data actually have more than 100 data:
user_wallets
--------------------------
|id | points | use_point |
--------------------------
|1 | 10.2 | 502.22 |
|2 | 32.6 | 23.3 |
|3 | 33 | 1020.32 |
--------------------------
any idea to update the point in better ways?
let say, I want to update all point with * 0.55.
below is my current ways, but it slows.
and this calculation is updated with some offer date.
$rate = $request->rate; //0.55
$wallets = UserWallet::all();
foreach($wallets as $wallet)
{
UserWallet::find($wallet->id)->update(['points'=>$wallet->points*$rate])
}
any idea to make it faster? or better way to do this update?
Thanks

Answer 1

You could try using the each() method as $wallets is a collection.
So:
$rate = $request->rate; //0.55
$wallets = UserWallet::all();
$wallets->each(function($item, $key) use(&$rate){
$item->update(['points' => $item->points*$rate])
});
It's not a whole lot different than a foreach but I think it's the "Eloquent" way.