Competition for new Layer 1 networks to emerge is extremely tough, with all of the top Layer 1 blockchains in existence. But, with enough innovation, a dedicated team, a powerful mission, and a solid community, there is definitely potential, and that’s why we’re here to share a Layer 1 that is flying under the radar, known as Polymesh.
What is Polymesh?
Let us introduce you to the Polymesh Network, the first blockchain purpose-built for RWAs, the emerging industry projected to reach up to $30 trillion by 2030. Polymesh first launched towards the end of the last bull market in late 2021 and was founded by Trevor Koverko, who is also the co-founder of the Polymath Network.
Recently, Polymesh was acquired by Polymath and transitioned into Polymesh Labs Ltd.. Marking a monumental moment, together they are positioning themselves as a leading infrastructure for regulated, institutional-grade asset tokenization.
How Does Polymesh Work?
Built with purpose, and compatible with any RWA, Polymesh makes it easy to tokenize any regulated assets, including equity, commodities, real estate, debt, art, IP and practically any financial product or real-world asset. Tokenizing assets enhances asset management, creates lower barriers to entry, drives portfolio diversification and enables better capital flow and liquidity!
Due to its strict RWA focus, it’s not exactly as popular as other leading Layer 1 networks in terms of activity, well, not for now anyway. Nonetheless, the Polymesh, which runs on the nominated Proof-of-Stake (NPoS) consensus mechanism, is home to over 12K users, has over 117K conducted transactions, 86 live operator nodes, and 508.91M staked $POLYX tokens, equating to over 52% of the total circulating supply!
Polymesh Ecosystem
Within Polymesh Network’s RWA-focused ecosystem are over 40 companies/protocols that are taking their businesses to the next level with asset tokenization. Ranging from Zodia Custody, AlphaPoint, REtokens, and more, the Polymesh network is elevating the RWA tokenization industry to the next level.
$POLYX Token Utilities
$POLYX, the native token powering the network, serves three primary utilities:
1- Primarily to conduct transactions on the Layer 1
2- Participating in governance proposals
3- Securing the network via $POLYX staking
However, $POLYX has some bonus utilities for developers to incentivize them to build on the network, as well as KYC provider rewards for verifying user identities and more.
Conclusion
At the time of writing, $POLYX is trading at $0.13 with a market cap of $127.68M. In 2024, at the end of March, $POLYX peaked at an ATH of $0.7547 with its market cap exceeding $520M. As it stands, $POLYX has not lived through a bull market, and it will be very exciting to see how it performs.
For those interested in TA on the $POLYX token and some potential price predictions, feel free to check out this video, which was featured in the Top 10 Altcoins to Buy in July 2025!
Official Polymesh Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
