ON–306: Polygon Mega Issue 🟣
Coverage on Transaction Data, TVL Update, Polymarket, Courtyard, Real World Assets, Stablecoins and NFTs
📝 Editor’s Note: Setting the Scene
Welcome to our third Mega Issue focused on Polygon, whose proof-of-stake chain quietly served as the home to Polymarket, the breakout prediction market app.
Polymarket had an electric final quarter in 2024 as it generated over $3B in trading volume in Q4. Notably, there were no outages despite a $350M volume spike for the prediction market on Election Day.
There are other signs of Polygon's proof-of-stake chain becoming a go-to option for breakout apps. Courtyard, a marketplace and tokenization platform for physical collectibles, facilitated a $200,000 sale of a first edition Charizard, one of the most valuable Pokemon cards available. Courtyard also generated $4M+ in volume in the past month. Kudos!
And at a $175M market capitalization, the total value of Real World Assets (RWAs) on Polygon —excluding stablecoins— rank third only behind Ethereum and Stellar. Stablecoins too, have found product-market fit on Polygon — the dollar-pegged assets reached a $2.1B high in Q4 2024.
That goes without addressing Polygon's upcoming AggLayer, a new architecture which will serve to unite all blockchains’ state and liquidity through zero-knowledge proofs.
More on that later. For now, here's the latest onchain from Polygon.
– ON Editorial Team
👥 Olga | Website | Dashboard
📈 Polygon Among Top Three Blockchains by Transaction Volume
Polygon has emerged as a leading blockchain platform, ranking among the top three chains by transaction volume. Its steady growth and focus on innovation have made it a stable, secure, and low-cost home for breakthrough apps. In 2024, Polygon achieved key milestones, including major upgrades and strategic partnerships, further cementing its reputation as a trusted and scalable network for decentralized applications.
Quick Links: Disclosures
