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Polygon

Polygon Scalability

Real-time TPS

47.49 tx/s

18.31%

Max TPS (1 block)

1,059 tx/s

Max Theor. TPS

714.3 tx/s

Transaction Volume

170,951 txns

Block Time

2.13s

Finality

5s

Type

Sidechain

Launch Date

May 30, 2020

Polygon Decentralization New

Nakamoto Coefficient

4

Validators

103

Stake

3.514B MATIC

0.05%

Consensus Mechanism

PoS

Governance

Off-chain

Polygon Real-Time TPS Chart

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About Polygon

Polygon, formerly Matic Network, is a blockchain platform designed to establish a multi-chain system compatible with Ethereum. It employs a proof-of-stake consensus mechanism similar to Ethereum for on-chain transactions, with its native token being MATIC. Functioning as a "layer two" or "sidechain" scaling solution alongside Ethereum, Polygon facilitates quicker transactions and lower fees. Its inception aimed to tackle Ethereum's major challenges, including high fees, subpar user experience, and limited transaction throughput, aspiring to create an "Ethereum's internet of blockchains" or a multi-chain ecosystem of Ethereum-compatible blockchains.

Token symbol:
MATIC

Scalability Metrics:
Polygon TPS is 47.49 transactions per second
Polygon Max TPS is 429.1 transactions per second
Polygon Max Theoretical TPS is 714.3 transactions per second
Polygon transaction volume is 170,951 transactions
Polygon block time is 2.13s
Polygon finality is 5s
Polygon is a sidechain
Polygon was launched on May 30, 2020 (5 years ago)

Decentralization Metrics:
Polygon nakamoto coefficient is 4
Polygon has 103 validators
Polygon stake is 3.514B MATIC
Polygon consensus mechanism is Proof of Stake (PoS)
Polygon governance is off-chain

Polygon Socials