- Polygon revealed the “Gigagas” roadmap, highlighting TPS increase and institutional expansion.
- Focus on 100,000 TPS and RWA settlement by 2026.
- Increased POL token utility with cross-chain upgrades and low transaction costs.
On June 13, Polygon announced its “Gigagas” expansion roadmap to enhance its network throughput to 100,000 transactions per second (TPS) by 2026. This initiative aligns with its goal to establish itself as a core infrastructure provider for global payments and real-world asset settlements.
The roadmap will bolster Polygon’s position in the market, offering improved scalability and cost-effective transactions, essential for institutional partnerships.
Polygon Targets 100,000 TPS and Institutional Integration
Polygon has initiated a multi-phased strategy to expand its network throughput. The initial phase targets a TPS increase to over 1,000 through the Bhilai upgrade, with planned cost efficiency in gas fees. The network will maintain low transaction costs below $0.001, payable in POL tokens.
This strategy focuses on scalable infrastructure to support institutional transactions and enhance token utility. Engineers aim to address cross-chain discrepancies for seamless integration with traditional financial services by partnering with major institutions like Stripe and BlackRock.
Market response has been significant, with key stakeholders expressing optimism. Sandeep Nailwal, Polygon’s CEO, reinforced the roadmap’s significance:
Polygon’s technical roadmap now prioritizes real-world assets and stablecoin transactions with a unified push towards Polygon PoS and our multichain Agglayer vision.
POL Token Rallies Amid Polygon’s Strategic Expansion
Did you know? Polygon’s ambition to boost TPS to 100,000 echoes historical upgrades that enhanced the network’s scalability, akin to milestones seen in other Layer 2 solutions.
On CoinMarketCap, POL is trading at $0.21, marking a 6.07% increase over the past seven days but a significant 18.49% decline in the last month. The circulating supply is over 10.44 billion with a market cap of $2.21 billion, making POL a focal point in network utility and performance.
Insights from Coincu research team suggest the roadmap could facilitate stronger integration with traditional finance sectors, while also enhancing cross-border payment capabilities. The increased TPS goal positions Polygon to compete effectively with other high-throughput networks in the DeFi and financial markets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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