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Read the API docsPOL is the native token of the Polygon network, a Layer 2 scaling ecosystem built on top of Ethereum. Polygon aims to address the high transaction costs and limited throughput of Ethereum by processing transactions on its own network and settling results back to Ethereum. It is designed for developers building decentralised applications and for users who want faster, lower-cost interactions with Ethereum-compatible smart contracts.
Polygon processes transactions on its own chain, which had a recorded block time of 0.0 minutes in the stored data, indicating near-instant block production. POL functions as the network's utility and staking token, used to pay for transaction fees and to participate in network validation. The ecosystem also incorporates Zero Knowledge technology, which can compress and verify transaction batches before posting proofs back to Ethereum.
The network collected 2,316,269 USD in fees over the trailing 30 days and 29,644,913 USD over the trailing 12 months, paid by users initiating transactions on the Polygon chain. The median transaction fee on the most recent full day recorded was 0.010043 USD. Of the fees collected in the trailing 30 days, the protocol retained 2,310,513 USD as revenue, reflecting a take rate of 99.75%, meaning almost all fees flow to the protocol rather than to validators or other supply-side participants — supply-side revenue over the same 30-day period was just 5,756 USD. Annualised from the trailing 30 days, fees come to approximately 28,181,273 USD, giving a market-cap-to-fees ratio of 35.16.
Written from the figures on this page by an AI language model and reviewed against them. It contains no view on price.
CEO Marc Boiron said the Coinme acquisition will help Polygon control customer relationships and capture revenue that previously went to payment intermediaries.
POL dipped close to $0.090 before a weak bounce.
Polygon Labs has finalized its purchase of Coinme, transforming its Open Money Stack into a US-regulated payments platform.
The deal gives Polygon access to 37 money transmitter licenses and 11 state exemptions.
Polygon Labs has completed its acquisition of crypto payments company Coinme, bringing regulated U.S.
