Polygon

Polygon

Tags
Crypto
Research
Web3
Layer 2 Blockchain
Published
Mar 13, 2022
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Important: this blog is meant for educational and entertainment purposes and is not meant to be financial advice. Please consult a financial professional before investing in cryptocurrencies.

Summary

Polygon is a Layer 2 Blockchain smart contract platform that was created to fix Ethereum’s scaling issues. It offers faster transaction speeds and cheaper gas fees over Ethereum, while being compatible with the Ethereum virtual machine (EVM), meaning that smart contracts, including NFTs, can be shared between Polygon and Ethereum. Polygon’s native token is called MATIC.


Technical Details

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Polygon offers multiple different scaling solutions, but this article will focus mostly on Polygon PoS and the MATIC token.
TBD

Investments

TBD

My Take

TBD

Tokenomics

Circulating supply
~4.88b of 10 possible (62.4%)
Daily Active Users
~400k

Speed & Scalability

Peak Capacity
65,000 Transactions per second (tps)
Average tps
TBD
 
Cost per transaction
$0.0059
Total Transactions
TBD
Total Validators
TBD

Community

Twitter followers
1.3m
Active Wallets
~15m

VC Backing

Investments
$450.5m
Lead Investors
Sequoia Capital, Kevin O’Leary, Celsius Network, SoftBank Vision Fund,
 
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Note: the data listed here is approximate as of the date of publish and is not yet automated (I’m working on it). It’s meant to act as a starting place to compare against other crypto projects. Please see Solana Beach for more accurate statistics.
 

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