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Market stats

Market cap


Volume (24h)


Circulating supply

768.4M POLYX

All time high


Price change (1h)


Price change (24h)


Price change (7d)


About Polymesh

What is Polymesh?

Polymesh (POLYX) is a permissioned blockchain designed specifically for regulated assets. It strives to streamline outdated processes and pave the way for new financial instruments by addressing challenges related to governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of Polymesh, used for staking, securing the network, paying transaction fees, and participating in governance. Polymesh's architecture allows for the recording of security token transfers, eliminating the need for third-party verification of ownership information. This aims to bridge the information gap between token holders and issuers.

How does Polymesh work?

Polymesh operates using a nominated proof-of-stake consensus mechanism, which incentivizes node operators and stakers to collaborate in guiding the chain's evolution. Staking aligns the economic interests of both parties through compensation and penalties in POLYX. The mechanism determines which blocks are added to the chain, as well as roles, rules, and incentives. Stakers, who are verified POLYX holders, back their chosen node operators with POLYX, and both parties receive compensation or fines based on the node operator's performance in maintaining their node and following Polymesh rules. Polymesh also integrates built-in financial primitives that enable users to operate the blockchain at fixed costs.

What are the potential use cases for Polymesh?

Polymesh is designed to effectively address critical concerns like rule enforcement, identity verification, regulatory compliance, data privacy, and transaction finalization. It enables developers to create decentralized applications (dApps) on the platform, opening up a wide range of potential use cases. Beyond security tokens, Polymesh also extends its support to stablecoins, which can be pegged to various currencies. These stablecoins, issued by authorized and well-capitalized third parties, facilitate cost-effective on-chain activities and efficient cash distributions. Polymesh's approach to identity and compliance makes it a platform for regulated financial instruments.

What is the history of Polymesh?

Polymesh was developed by the Polymesh Association, with a core team consisting of Chris Housser (Head of Strategy), Adam Dossa (Head of Blockchain), Graeme Moore (Head of Tokenization), William Vaz-Jones (Head of Partnership Development), Robert Jakabosky (Head of Applied Blockchain Research), Francis O’Brien (Head of Developer Relations), and Nick Cafaro (Head of Product). The project was designed to overcome the limitations in Ethereum and other general-purpose blockchains that may hinder the acceptance of security tokens by industries and institutions. The Polymesh Association's focus on regulated assets and its expertise in the ERC-1400, a standard for security tokens proposed by Polymath, aims to strike a balance between global accessibility and regulatory compliance.

Coinbase Bytes

Coinbase Bytes

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Polymesh is on the rise this week.

The price of Polymesh has risen by 6.20% in the past 7 days. The price declined by 0.66% in the last 24 hours. In just the past hour, the price shrunk by 1.63%. The current price is $0.21 per POLYX. Polymesh is 50.00% below the all time high of $0.43.

The current circulating supply is 768,351,172.23 POLYX.


What is the current price of Polymesh?

We update our Polymesh to USD currency in real-time. Get the live price of Polymesh on Coinbase.

What is the market cap of Polymesh?

The current market cap of Polymesh is $164.83M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Polymesh?

The all-time high of Polymesh is $0.43. This all-time high is highest price paid for Polymesh since it was launched.

What is the 24 hour trading volume of Polymesh?

Over the last 24 hours, the trading volume of Polymesh is $24.65M.

What other assets are similar to Polymesh?

Assets that have a similar market cap to Polymesh include Tribe, Venus BTC, Flux, and many others. To see a full list, see our comparable market cap assets.

How many Polymesh are there?

The current circulating supply of Polymesh is 768 million.

Can I buy Polymesh on Coinbase?

No, Polymesh is not currently available on Coinbase, but you can sign up to get the latest news on Polymesh and be notified when it gets added to our exchange.

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