Polygon Reaches US$13 Billion Market Cap After Raising US$450 Million

Investors are placing big bets on Ethereum through Polygons scaling capabilities


Vrisha Phrabhakaran

11 Feb, 2022

Polygon Reaches US$13 Billion Market Cap After Raising US$450 Million | BEAMSTART News

- From our Sponsors -

Polygon is a decentralised Ethereum scaling platform that allows developers to build scalable user-friendly decentralised applications with low transaction fees.

Ethereum has untapped new potential using blockchain technology through its smart contract capabilities.

This has attracted multiple other industries and uses in comparison to its predecessor, Bitcoin.

Ethereum however, is still burdened by slow speed and high transaction costs.

Community Q&A

Polygon's Advantage

  • Polygon is referred to as ‘side-chain’ meant to move transactional information out of the blockchain.
  • The reduction of information on the blockchain will improve the speed and scale capabilities of the blockchain.
  • Polygon currently houses more than 7,000 decentralised applications.
  • The company is focused on expanding its scaling services and keeping a keen eye on the advancements of Web3.

Investors such as Shark Tank’s Kevin O'Leary, Tiger Global and many others have backed Polygon and its scaling capabilities.

The company reached a US$13 billion market cap after securing US$450 million in their first major financing round since 2017.

- From our Sponsors -

Latest Jobs

Backend/Data Engineer

Sweetspot

New York,

Full Time

USD 130000 — USD 200000 yearly

Senior Software Engineer

Truewind

California,

Full Time

USD 120000 — USD 180000 yearly

Founding Software Engineer

Taro

California,

Full Time

USD 90000 — USD 180000 yearly

Product Engineer, Investor Software

Y Combinator

California,

Full Time

USD 185000 — USD 350000 yearly

Senior Data Analyst

Meru Health

Colorado,

Full Time

USD 90000 — USD 145000 yearly

Compliance Analyst

Chariot

Full Time

USD 80000 — USD 90000 yearly

Software engineer - UX

Offstream

Colorado,

Full Time

USD 115000 — USD 135000 yearly

Founding Fullstack (Frontend) Engineer

Confident AI

California,

Full Time

USD 100000 — USD 200000 yearly

AI/ML Engineer

Rulebase

California,

Full Time

USD 100000 — USD 200000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).