Polygon has announced that it is targeting 100,000 transactions per second (TPS) in another significant move, as its POL token gets listed on the Solana platform. The new CEO of Polygon Foundation, Sandeep Naiwal, shared this in a roadmap on X.
According to Nailwal, the roadmap is already in motion, with the first release on the Amoy testnet set to launch on the mainnet by the first week of July. This is expected to increase Polygon PoS’s speed to over 1000 TPS. More upgrades are expected to follow.
He said:
“By October, the chain will become one of the most performant and better UX chains in the ecosystem by achieving 5000 TPS with no reorgs.”
Based on the roadmap, the Polygon PoS chain will be integrated with Agglayer by the end of 2025 to build an ecosystem where money, assets, and verified data can move globally seamlessly. This will ensure that money moves quickly, providing end users with the comfort and privacy they need and eliminating the need for middlemen and waiting periods.
All these are part of the long-term plan to push Polygon TPS to 100,000 by 2026, a mission that the project believes is achievable. Thus, it plans to scale effectively while attracting more validators to boost decentralization.
The roadmap also indicates that the organization prioritizes institutional support by partnering with corporations such as Stripe, Reliance Jio, Hamilton Lane, Apollo, and BlackRock.
POL is now available on Solana
This latest announcement comes just days after Naiwal became the CEO of the Polygon Foundation amid many wholesale changes. He had announced on X that he was moving upstairs to steer the foundation in the right direction and stimulate focused execution.
He believes the time has come to put the foundation in the right direction, with millions of liquidity to build sustainably, with no distractions or pressure to raise more funds. The switch-up follows years of Polygon’s struggles to stay relevant as other Ethereum Layer-2 networks gained more market share.
Meanwhile, Polygon token POL is now available on the Solana network through Wormhole’s Native Token Transfers (NTT) framework. Wormhole announced the development, noting that POL can now be used within the thriving Solana ecosystem without losing its core functionalities.
The availability of POL on the Solana shows its Polygon Foundation’s readiness to operate cross-chain and could boost POL value through increased use. The token has also enjoyed some regulatory clarity since the Securities and Exchange Commission (SEC) dropped its lawsuit, alleging it is a security.
Will these changes yield the necessary results for the Polygon Foundation?
Since this raft of changes was announced on the Polygon platforms, the POL token has increased by 6% in the past seven days. However, it is trading at $0.22, according to CoinMarketCap, with a 6% decline in the last 24 hours due to a broader market slump.
Still, one exciting update that could significantly boost the rating of the POL and the foundation’s general interest is the launch of Agglayer, which has the potential to link and collaborate with various chains in the industry.
In the long run, Polygon intends to lead global payment systems and Real-World Assets, and all its present moves are directed toward that goal. It intends to connect all global retail payment networks, stock exchanges transacting on the chain, or several AI agents or IoT devices working on micropayments across its Agglayer-connected chain.
This aligns with Polygon’s long-term vision to work towards a situation where there will be no difference between Polygon and other chains. Agglayer works behind the scenes to ensure transactions flow fully and freely across aggregated networks, which will change how global payment networks work.
If the Polygon Foundation can achieve its roadmap, the POL token could see a major boost in value.
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Source: https://www.cryptopolitan.com/polygon-is-targeting-100000-tps-by-2026/