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 73.53 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 264,691 transactions
Polygon block time is 2s
Polygon finality is 5s
Polygon has 6,017,197,101 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 103 validators
Polygon stake is $412.6M
Polygon consensus mechanism is Proof of Stake (PoS)
Polygon governance is off-chain

Developer Activity Metrics:
Polygon has 1,692 developers
Polygon has 153 repos
Polygon has 62,957 commits
Polygon has 9,282 stars
Polygon has 1,736 watchers

Financial Metrics:
Polygon revenue is $11.69K
Polygon average transaction fee is $0.00204
Polygon price is $0.1222
Polygon market cap is $1.289B
Polygon fully diluted valuation (FDV) is $1.289B
Polygon market cap to FDV ratio is 100.00%