Polymesh

Polymesh is a permissioned, institutional-grade blockchain designed specifically for regulated financial assets such as securities and other real-world instruments. It targets financial institutions and regulated market participants who need a blockchain infrastructure that natively handles identity verification, compliance rules, confidentiality, and settlement finality. Its native token is POLYX, which powers activity on the network.

Polymesh is built on the Substrate framework and uses a Nominated Proof of Stake consensus algorithm, meaning validators are nominated by token holders to produce and confirm blocks. The chain has a reported block time of effectively zero minutes in the stored data, which may reflect near-instant or sub-minute finality rather than a literal zero. POLYX is used to pay for transactions and network operations within this permissioned environment, where participants must satisfy identity requirements before interacting.

The data provided does not include a fee revenue figure, so no fee stream, fee recipients, or protocol earnings can be described for Polymesh from the information stored here. What is known is that 100 percent of the circulating supply has already been issued, the dilution overhang stands at 0.0 percent point-in-time, and the fully diluted value equals the market capitalization of approximately 43.86 million USD, meaning no additional supply is pending. The 24-hour turnover ratio sits at 2.03 percent of market cap over that period, which reflects trading volume relative to network size but says nothing about fee generation.