Launching a DeFi focussed Polygon-based Ethereum L2/Sidechain sub-pool will be the starting point for developing a higher level pool of Ethereum L2 scaling themed baskets, $L2DEFI for the PowerUniverse family. A Polygon-based pool token $POLYDEFI could be launched initially on its own, and also later added into the $L2DEFI Ethereum L2 scaling thematic pool, which could contain other baskets including roll-up-based Ethereum scaling ecosystems like Gnosischain/xDAI, Optimism, Arbitrum, Starkware and zkSync.
Polygon is an aggregator of scaling solutions that operate on Ethereum. The Polygon architecture consists of four abstract, composable layers, including: the Ethereum layer, the security layer, the Polygon networks layer, and the execution layer. With this architecture, any project can have its dedicated optimized instance of Ethereum and can exchange messages among themselves. Polygon is battle tested, hosts +400 dApps and has 100 validators validating the network. It has been near capacity at peak periods.
Polygon is Scaling Ethereum
What is Polygon (MATIC) - Bitfinex blog
What is Polygon (MATIC) Polygon is one of the leading blockchain platforms for high speed, low cost, and sustainable Web3 infrastructure. If blockchain apps, smart contract platforms, DApps, and cryptocurrencies are going to see mass adoption, they need to be fast and easy to use....
A Deep Dive Into Polygon ($MATIC)
I think it's safe to say the L2 wars have begun. I genuinely think 2022 will be the year of Layer 2 ecosystems. Between zkSync, Starkware, Optimism, and Arbitrum, etc, there's just so many talented, hardworking teams trying to scale Ethereum right now.
Ethereum Ecosystem analytics by and for the community. Explore and share data from Ethereum Mainnet, Matic, Optimism and xDai for free.
User Behavior On Polygon
Hey there, We have crossed ~15,000 unique readers. Decent progress. I appreciate everyone taking the time to read, share and write back to this newsletter. It means a lot to me and those contributing. I wanted to start a series looking at how different prominent networks are doing. We'll
Polygon has Mature Composability
Ethereum Layer 2 - Polygon/MATIC (technically a sidechain)
The investment case for EVM Layer 2 products involves taking a view on future supply/demand for Ethereum 2 capacity. According to the Founder of Polygon:
“Ethereum 2.0 is supposed to have 64 shards, each one is going to be similar to what Ethereum is today. Let’s say after you add proof-of-stake to the current, single Ethereum chain, it’s able to process 50 tps (transactions per second), up from 13 tps today. Multiply that 64 shards: 3,200 tps Do you think if Ethereum is going to become the fundamental settlement layer of the world that even 3,200 tps is a good enough scalability?” Ethereum 2.0 will become 64 times more scalable than Ethereum is now, but the demand will be 1,000 X than where we are. You will need L2 scalability.”
Polygon achieves this in large part due to the underlying technical architecture of its Proof-of-Stake (PoS) Commit Chain and its More Viable Plasma (MoreVP) L2 scaling solution. Of course, not everyone will share the Polygon vision. Perhaps 3,200 transactions per second will be sufficient for enough time that people will stop using L2 solutions. Maybe when we do need more than 3,200 tps, we’ll be using Ethereum 3.0? Others also predict that Ethereum will rely on multiple layers for the long-term, and expect L1 to be a place for base issuance and settlement of protocol assets, and L2 for micro-transactions and enabling censorship resistance or enforcement.
Via formal proposals debated in the DAO, PowerPool can prioritise the order in which new vehicles for L2/Sidechain basket tokens are launched, and manage their composition dynamically. ConsenSys is supporting Polygon in the race to offload more Ethereum traffic to L2 by extending its principal EVM developer tools. Meanwhile, Polygon is desperately trying to grow ecosystem faster: Importantly, Major CEXs like Coinbase and others will soon announce direct withdrawals to Polygon, driving TVL up very rapidly.
In addition to being a scaling leader based on Plasma, Polygon also has options to join both the Optimism (along with Synthetix L2) and Zk-Rollup-based composability groups. This optionality gives Polygon a good chance of managing future congestion due to bots and front-running that put upward pressure on transaction volumes in low-fee environments.