@0xPolygon
Polygon (formerly MATIC Network) is a leading Ethereum Layer 2 scaling solution, founded by Jaynti Kanani, Sandeep Nailwal, and others in 2017, and rebranded in 2021. The project aims to address Ethereum's high gas fees and congestion issues, providing a multi-chain aggregation system that supports PoS consensus, zkEVM, and AggLayer technologies. AggLayer is set to launch in February 2025, achieving trustless cross-chain interoperability, connecting ZK chains and non-EVM environments; the Chain Development Kit (CDK) empowers developers to build custom chains.
Core innovations include Polygon PoS (EVM compatible, low fee fast settlement), zkEVM (zero-knowledge rollup), and Miden (privacy rollup), with the ecosystem covering DeFi, gaming, and RWA. Key developments in 2025: Immutable zkEVM launch, AWS integration, Franklin Templeton tokenized fund pilot, Reliance Jio Web3 collaboration. The community treasury allocated $1 billion to support AI, gaming, and NFT projects. Ecosystem data: TVL $1.23 billion (YTD +43%), unique addresses 117 million, total transactions 5.3 billion, TPS 1000.
$POL (formerly $MATIC) is the native token, with a total supply of 10 billion, used for gas fees, staking, and governance. The current price is approximately $0.247, with a market cap of about $2.47 billion and a 24h trading volume of $187 million. Analysis: Polygon rides the L2 wave, with interoperability and enterprise partnerships (such as Disney, Google Cloud) driving growth, potentially reaching $16 by 2026. However, it faces competition (like Optimism) and regulatory risks, making the execution of AggLayer critical. Overall potential is strong, suitable for Ethereum ecosystem investors.
