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 71.8 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 258,467 transactions
Polygon block time is 2s
Polygon finality is 5s
Polygon has 5,985,137,074 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 $430.5M
Polygon consensus mechanism is Proof of Stake (PoS)
Polygon governance is off-chain

Developer Activity Metrics:
Polygon has 1,690 developers
Polygon has 153 repos
Polygon has 62,914 commits
Polygon has 9,286 stars
Polygon has 1,736 watchers

Financial Metrics:
Polygon revenue is $15.21K
Polygon average transaction fee is $0.002724
Polygon price is $0.129
Polygon market cap is $1.361B