Polymesh

Polymesh is a permissioned, institutional-grade blockchain built specifically for regulated financial assets such as securities. It targets financial institutions and regulated issuers who need a compliant infrastructure for issuing, managing, and settling tokenized assets. The project claims to address shortcomings in governance, identity verification, compliance enforcement, confidentiality, and settlement that general-purpose blockchains do not handle well for regulated markets.

Polymesh is built on the Substrate framework and uses a Nominated Proof of Stake consensus mechanism, meaning token holders nominate validators who produce and finalize blocks — the recorded block time in this dataset is effectively zero minutes, indicating near-instant finality. POLYX is the native token of the network and is used to pay for on-chain transactions, participate in staking, and fund governance processes. Because the network is permissioned, participants must satisfy identity and compliance requirements before interacting with regulated assets on-chain.

The data stored here does not include a direct fee-revenue figure for Polymesh, so fee-based valuation measures are not available on this page. What is known is that POLYX is spent on transaction fees within the network, but no protocol-level fee collection totals are recorded in this dataset. The circulating supply stands at approximately 1.322 billion POLYX, representing 100 percent of supply issued with no additional supply pending and a dilution overhang of 0 percent, meaning the fully diluted market cap and the circulating market cap are equal at roughly 58.7 million USD.