• Polygon hit file of over $100 million micropament volumes
• Small funds elevated by 37%
• The platform is at present commanding greater than 50% of the micropayment market share

Sandeep Nailwal, CEO of Polygon, shared some statistics concerning the firm’s rising function as a facility-grade fee rail. Most notably, micropayments starting from $0.50 to $100 reached an all-time excessive in June, surpassing the month-to-month quantity of $100 million.

In the meantime, the quantity of small funds ($100 to $1,000) surged by 37%, with Polygon giving it a 42% share in slices of on-chain funds.

General, Polygon at present instructions greater than 50% of the micropayment market share, combining Ethereum, Solana, Base, arbitrum, Optimism, Avalanche and Gnosis.

Knowledge: A transparent chief in chain funds

From the looks of the information supplied, it seems that polygons have developed from pure Layer 2 to an ecosystem targeted on funds focused at precise utilization.

Nailwal’s latest choice to turn out to be “founder-led CEO” and embrace a extra centralized administration method exhibits the drive for a brand new technique.

Shortly after his appointment, it was introduced that the staff would abolish the ZKEVM layer and totally again up the POS chain and Agglayer infrastructure. The primary aim of this transfer is to spice up Stablecoin flows and tokenized belongings.

Maybe a mix of all these elements has led to Polygon’s native token Pol growing by round 10% over the previous seven days.

Current updates for Polygon

Just a few weeks in the past, Polygon launched the Agglayer V0.3 improve. This launched a function known as “proof of execution,” which permits blockchains to take part in Agglayers with out the necessity for architectural modifications.

Beforehand, Agglayer solely had a verified token stability, however now it additionally confirms that chain state is confirmed utilizing zero data proofs to guard customers throughout a variety of chains. The improve is being hailed as a serious technical leap, particularly for polygons, by permitting for deeper multi-chain integration.

It was then introduced that subtle exhausting forks have been applied to improve the consensus layer to Heimdal 2.0. The aim is to cut back the ultimate time to about 5 seconds and scale back the frequency of chain reorganization.

Judging from the above developments, it seems that polygons are on a very good path to rivals, even conventional fee networks in efficiency. Over 50% of the quantity of cryptographic micropatents, the platform demonstrates real-world adoption.