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 POL. 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:
POL

Scalability Metrics:
Polygon TPS is 82.43 transactions per second
Polygon Max TPS is 537.5 transactions per second
Polygon Max Theoretical TPS is 3,810 transactions per second
Polygon transaction volume is 296,584 transactions
Polygon block time is 1.5s
Polygon finality is 5s
Polygon has 7,748,292,892 total transactions since its TGE
Polygon is a sidechain
Polygon was launched on May 30, 2020 (6 years ago)

Decentralization Metrics:
Polygon nakamoto coefficient is 4
Polygon has 102 validators
Polygon stake is $289.2M
Polygon consensus mechanism is Proof of Stake (PoS)
Polygon governance is off-chain

Developer Activity Metrics:
Polygon has 1,815 developers
Polygon has 173 repos
Polygon has 66,709 commits
Polygon has 9,526 stars
Polygon has 1,243 watchers

Financial Metrics:
Polygon revenue is $88.66K
Polygon average transaction fee is $0.01474
Polygon price is $0.08073
Polygon market cap is $862.3M
Polygon fully diluted valuation (FDV) is $862.3M
Polygon market cap to FDV ratio is 100.00%

Agent Activity Metrics:
Polygon has no data for agents
Polygon has no data for active agents
Polygon has no data for x402
Polygon has no data for services