Introduction

Polygon builds Ethereum-compatible blockchain networks and scalability solutions. Polygon is a protocol, not a solution. The Polygon SDK lets developers design Ethereum-compatible networks.

Polygon Network is a Proof of Stake (PoS) sidechain and one of the first live Polygon products. Sidechain is a connected parallel chain.

Polygon creates Ethereum-compatible blockchain scaling solutions. Polygon Network is a PoS sidechain with rapid, low-cost transactions and EVM compatibility.

Polygon plans to offer more scalability solutions, such as zk rollups, optimistic rollups, and stand-alone blockchains, to assist Ethereum's Layer 2 ecosystem thrive.

Method

By use of flipside_prod_db.ethereum.erc20_balances table, the circulating supply are calculate and flipside_prod_db.ethereum_core.fact_hourly_token_prices table are used to chart the price from the start till today.

Analysis

Observation

• As of the above chart, the all-time high in price was set on December 27th, 2021, at 2.82 dollars, and on the other hand, the circulating supply is in an upward trend.

Observation

• The average price over time vs. cumulative growth of circulating supply is shown in the above chart. That indicates that the momentum in cumulative growth of circulating supply is in a sharpening state. On the other hand, the price has been in a downward trend since December 27th, 2021.

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