Polygon

Polygon is a platform that utilizes zero-knowledge (ZK) technology to create a scalable ecosystem of interconnected blockchains, enabling fast transactions with near-zero gas fees. It addresses the limitations of Ethereum's scalability by allowing developers to build and deploy Layer 2 solutions that maintain security and interoperability.

Traction 10/10

Bengaluru, India · HQ

Founded 201744850K+ followers

Blockchain & Cryptocurrency
Developer Tools
Web3 & NFTs

Updated 7 months ago

Funding

Raised to date

$282MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

+11

Funding rounds are not available yet.

Founders

1 founder

Iggy Ioppe

Tech investor/builder

Product

Problem

Ethereum's scalability limitations result in slow transaction speeds and high gas fees, hindering the widespread adoption of decentralized applications. Developers need efficient and cost-effective Layer 2 solutions to overcome these constraints while maintaining security and interoperability.

Solution

Polygon provides a suite of scaling solutions for Ethereum, leveraging zero-knowledge (ZK) technology to enable a scalable ecosystem of interconnected blockchains. The platform allows developers to build and deploy various Layer 2 solutions, including Polygon PoS, an EVM-compatible sidechain, and Polygon zkEVM, a ZK-rollup offering EVM equivalence. Polygon's architecture aims to unify Web3 by creating a network of sovereign blockchains that function as a single, cohesive chain, facilitating fast transactions with low fees. The AggLayer CDK allows developers to build Ethereum Layer 2s with industry-leading ZK tech.

Target Audience

Polygon targets Web3 developers, enterprises, and users seeking scalable and cost-effective solutions for building and interacting with decentralized applications on the Ethereum network.

Features

Polygon PoS: An EVM-compatible sidechain offering fast transactions and low gas fees.
Polygon zkEVM: A ZK-rollup providing Ethereum equivalence and enhanced scalability.
AggLayer: A protocol for trustless cross-chain interoperability.
AggLayer CDK: Tooling to build Ethereum Layer 2s with ZK technology.
Miden: A ZK-optimized rollup with client-side proving for enhanced privacy.
Plonky3: A ZK proving system designed for speed and efficiency.
POL Token: The native currency used within the Polygon ecosystem.