Product Update

Polygon blockchain supported in Crystal

by Hlib Krasnov, Product Manager

Full functionality now available for Polygon 

Our platform is now fully integrated with the Polygon blockchain. All functionality is available for Polygon, including Connections, Visualization and Full support in Monitor. 

With its wide adoption and scaling capabilities, Polygon is an important addition to our list of fully supported blockchains.  

Polygon operates as a “layer two” or “sidechain” scaling solution that runs parallel to Ethereum. This enables rapid transactions and low fees. MATIC is the platform’s native cryptocurrency, which is used for staking, fees, and other purposes. 

Since its establishment in 2017, Polygon has gained notable popularity in the cryptocurrency space and consistently holds a position within the top 15 cryptocurrencies based on market capitalization. 

Its scaling solutions have seen “widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 327 million, 1.6 million smart contracts created, and 2.9 billion total transactions processed since inception.”  As a solution that addresses some of the clumsy elements of Ethereum (ETH), Polygon has positioned itself as the “internet of blockchains” for Ethereum. The Polygon network hosts major Web3 projects, like Aave, Uniswap, and OpenSea, as well as popular enterprises including Robinhood, Stripe, and Adobe. 

As we are committed to providing market-leading coverage of blockchains for analysis, we are thrilled to announce we fully support Polygon in Crystal Expert. With this improvement, you can analyze activity on Polygon using Visualizations to see interactions and understand what these direct and indirect interactions are to manage potential risk. 

Book a demo today to see these new features and learn how Crystal can transform your compliance process.