Polygon Plans to Boost Transactions Per Second Post-Hard Fork

Sandeep Nailwal, co-founder of Polygon, announced on X that the Madhugiri hard fork has increased Polygon’s transaction speed by 40% to approximately 1,400 TPS.

This milestone positions Polygon for a targeted 5000 TPS in six months, potentially revolutionizing its status as a leading global payment blockchain.

Polygon’s Competitive Edge in Global Payments Ambition

According to CoinMarketCap, Polygon (MATIC) currently has a fully diluted market cap of $2.18 billion, with a 24-hour trading volume increase of over 144% to $1.27 million. The price changes in the last 30 days show a decrease of 26.70%, slightly over 56% in the past 90 days.

Coincu researchers note these advancements highlight a broader push towards creating flexible application-specific chains capable of supporting consumer apps. By achieving scalability milestones, Polygon aims to distinguish itself, potentially influencing competitive dynamics in Layer 2 scaling solutions.

Market Dynamics and Future Outlook

Did you know? Polygon’s TPS goal of 100,000 is part of a larger trend in blockchain technology towards high throughput for global payment solutions.

Polygon’s current market performance reflects significant trading activity, indicating investor confidence in its future scalability and infrastructure improvements.

As Polygon continues to innovate, experts believe its strategic focus on scalability will enhance its competitive position in the rapidly evolving blockchain landscape.