Compare Polygon vs Algorand
Open in ChatGPTPolygon vs Algorand Scalability
Real-time TPS (1H)
Polygon TPS is 8.82X higher than Algorand TPS
Data from Chainspect
Max TPS (100 blocks)
Polygon max TPS is 92.49% lower than Algorand max TPS
Data from Chainspect
Max Theoretical TPS
Polygon max theoretical TPS is 92.38% lower than Algorand max theoretical TPS
Data from Chainspect
Transaction Volume (1H)
Polygon transaction volume is 8.82X higher than Algorand transaction volume
Data from Chainspect
Block Time (1H)
Polygon block time is 28.47% shorter than Algorand block time
Data from Chainspect
Finality
Polygon finality is 100% longer than Algorand finality
Data from Chainspect
Type
Polygon is a sidechain, while Algorand is a layer 1 blockchain
Data from Chainspect
Total Transactions
Polygon has 1.83X more total transactions than Algorand
Data from Chainspect
Launch Date
Polygon was launched 1 year after Algorand
Data from Chainspect
Polygon vs Algorand Decentralization
Nakamoto Coefficient
Polygon Nakamoto Coefficient is 66.66% lower than Algorand Nakamoto Coefficient
Data from Chainspect
Validators
Polygon has 94.16% fewer validators than Algorand
Data from Chainspect
Stake
Polygon stake is 1.57X higher than Algorand stake
Data from Chainspect
Consensus Mechanism
Polygon is PoS, while Algorand is Pure Proof of Stake
Data from Chainspect
Governance
Polygon off-chain governance is worse than Algorand on-chain governance
Data from Chainspect
Polygon vs Algorand Developer Activity
Developers
Polygon has 3.13X more developers than Algorand
Data from Chainspect
Commits
Polygon has 1.64X more commits than Algorand
Data from Chainspect
Repos
Polygon has 9.41% fewer repos than Algorand
Data from Chainspect
Stars
Polygon has 1.82X more stars than Algorand
Data from Chainspect
Watchers
Polygon has 1.88X more watchers than Algorand
Data from Chainspect
Polygon vs Algorand Financials New
Chain Revenue
Polygon chain revenue is 101X higher than Algorand chain revenue
Data from Chainspect
Average Transaction Fee
Polygon average transaction fee is 9.64X higher than Algorand average transaction fee
Data from Chainspect
Market Cap
Polygon market cap is 1.13X higher than Algorand market cap
Data from Chainspect
FDV
Polygon FDV is 0.38% lower than Algorand FDV
Data from Chainspect
Market Cap / FDV
Polygon Market Cap to FDV ratio is 1.13X higher than Algorand Market Cap to FDV ratio
Data from Chainspect
Price
Polygon price is 5.6% lower than Algorand price
Data from Chainspect
Polygon vs Algorand Real-time TPS Chart
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Other Comparisons
Polygon Comparisons
About Blockchains
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 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.
About Algorand
Algorand emerges as a blockchain platform committed to fostering transparency and enabling the growth of decentralized projects and applications. Operating as a public, decentralized blockchain, it leverages a Pure Proof-of-Stake (PPoS) consensus mechanism to uphold network security, efficiency, and decentralization. Powered by the Algorand Consensus Algorithm, the network employs a combination of cryptographic techniques and random selection to attain consensus, effectively addressing the constraints of traditional consensus mechanisms.