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.
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.
Polygon offers multiple different scaling solutions, but this article will focus mostly on Polygon PoS and the MATIC token.
~4.88b of 10 possible (62.4%)
Daily Active Users
65,000 Transactions per second (tps)
Cost per transaction
Sequoia Capital, Kevin O’Leary, Celsius Network, SoftBank Vision Fund,
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.