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Polygon

Polygon ($MATIC), Ethereum’s “Internet of Blockchains”, is a decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.

Quick Facts

Polygon is a Layer 2 blockchain platform. Smart contracts are written in Cadence, a resource-oriented programing language that introduces new features to smart contract programming that help developers ensure that their code is safe, secure, clear, and approachable
Polygon utilizes a Proof of Stake (PoS) consensus mechanism
Polygon is a network of scaling solutions for the EVM. It has a number of different offerings:

Polygon Edge — A modular and extensible framework for building private or public Ethereum-compatible blockchain networks (Live)
Polygon PoS Chain — An EVM-compatible Ethereum sidechain, secured by a permissionless set of PoS validators (Live)
Polygon Hermez — An open-source zk-Rollup optimized for secure, low-cost and usable token transfers on the wings of Ethereum (Live)
Polygon Avail — A general-purpose, scalable data availability-focused blockchain targeted for standalone chains and off-chain scaling solutions (DevNet)
Polygon Nightfall — A one-of-a-kind scaling solution that uses optimistic roll-ups along with Zero-Knowledge cryptography (TestNet)
Polygon Miden — A STARK based zk-Rollup with support for arbitrary smart contracts (In development)
Polygon Zero — A highly-scalable, Ethereum-compatible zk-Rollup. It uses an incredibly fast recursive proof system that is Eth-friendly (In development)

Currently “a single Polygon side chain” can theoretically handle 7,200 Transactions Per Second (TPS)
Polygon’s Cost Per Transaction (CPT) averages around $0.0001
Polygon’s White Paper 📄

Technical Specifications

(as of 4/24/22)

Performance Data

Metric	Value
Active Transactions Per Second (TPS)	~1,000
Max Theoretical TPS	7,200 TPS
Average Cost Per Transaction (CPT)	$0.005858 USD
Block Height	18,993,187
Environmental Impact	∙ Polygon: The Eco-Friendly Blockchain Scaling Ethereum
Bridges	∙ Built in bridge via Polygon PoS Chain Bridge

Github Activity

Metric	Value
Repository Name	bor
Stars	370
Watchers	47
Forks	190
Contributors	606
Merged Pull Requests	217
Closed vs Total Issues	114 out of 144

Financial Ecosystem

(as of 4/24/22)

Metric	Value
MATIC Price	$1.31 MATIC
Market Cap	$10.27B
Ecosystem Ranking by Market Cap	#17
Token Trading Volume – 24hr	$607M
Total Value Locked (TVL)	$3.68B
Liquidity	$49.3M
Number of Active Addresses	369,814
Number of Unique Addresses	141,572,642
Circulating Supply	7.81B MATIC
Total Supply	10B MATIC
Node Count	355
Inflation Rate	13.08%