Introduction
Polygon (formerly known as Matic Network) is one of Ethereum's layer 2 sidechains which run in parallel to ETH's mainchain. Polygon's main goal is to offer a framework to build blockchains that are highly scalable and allow interoperability instead of being walled off from each other. Besides that, Polygon also boasts high transactions per second (TPS), such that transactions are almost always getting confirmed instantly.
With that said, Polygon currently has --- unique users, with an average of --- new users joining per day in the last 30 days! If we look at the number of total transactions per block on Polygon, even if traffic volumes are significantly lower than Ethereum, thousands of transactions are being executed each block smoothly. On paper, Polygon can sustain 65,536 basic transactions per block.
--- Gwei (Rapid)
--- Pending Txs
---% Utilized
Median Block Time
---s
Average Transaction Fees
Total Transaction Fees
New Users
Swap Transactions
Volume
Unique Interactions with Sushiswap(Polygon)
Tokens Swap Volumes
Today's Volume: $
Swap Transactions
Volume
Unique Interactions with Quickswap
Top Tokens per Total Volume Swapped
Summary
- In order to use Polygon as an alternative to the ETH mainnet, a user must first "bridge" their tokens into Polygon.
- There are three bridges currently on Polygon, namely the ERC20 bridge, the ETH bridge, and the Plasma Bridge.
- ERC20 Bridge: In charge of all non-MATIC ERC20 Token bridging activities.
- ETH Bridge: In charge of ETH Token bridging activities.
- Plasma Bridge: In charge of all MATIC Token bridging activities.
- These bridges act as portals between the Polygon mainnet and ETH mainnet.
- As of today, there are currently --- tokens bridged from ETH mainnet to Polygon, with a TVL of $---!!
THE ERC20 BRIDGE
ERC20 Bridged Value
---
Tokens Bridged