Validators process transactions and receive fees from users (supply-side fees).

Polygon is a smart contract platform for decentralized applications & interoperability platform for blockchains. Polygon was founded by Jaynti Kanani, Sandeep Nailwal & Anurag Arjun and launched in 2017.

MATIC holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Polygon’s investors include Coinbase Ventures, ZBS Capital, MiH Ventures, etc.

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Blockchains (L1)

Polygon

# Polygon Token holders Methodology

## 1. Overview

Polygon tokenholders measures the number of unique addresses that hold native MATIC tokens on the Polygon blockchain at any given time. This metric provides insight into the adoption and distribution of Polygon's native token by counting distinct wallet addresses with non-zero MATIC balances. The calculation aggregates daily snapshots of address balances to determine the total number of tokenholders.

## 2. Data sources

The calculation relies on several key data sources:
- **Polygon blockchain state data**: Daily snapshots of address balances showing MATIC holdings across all addresses
- **Native token balance tracking**: Aggregated balance data for Polygon's native MATIC token across all addresses
- **Chain availability data**: Metadata indicating when Polygon blockchain data is reliable and complete for accurate metric calculation

## 3. Step-by-step calculation

### Component A: Native tokenholders extraction
- **Purpose**: Retrieves the core tokenholder count data for Polygon's native MATIC token
- **Logic**: Extracts daily tokenholder counts from pre-calculated native token balance aggregations. The data includes timestamp information, chain identifier for Polygon, and the count of unique addresses holding MATIC tokens. The tokenholder count is cast to high-precision numeric format to ensure accuracy for large numbers
- **Key fields**: `timestamp` for daily tracking, `chain_id` identifying Polygon network, and `tokenholders` containing the count of unique addresses with non-zero MATIC balances

### Component B: Metric finalization
- **Purpose**: Applies Token Terminal's standard metric formatting and business rules
- **Logic**: Uses the `finalize_metric_tokenholders` macro to standardize the data format, add project metadata identifying this as Polygon data, apply consistent column naming conventions, and implement any business logic for handling edge cases or data quality issues
- **Key fields**: Adds standardized metadata fields and ensures consistent metric structure across all Token Terminal projects

### Final aggregation
- **Combining components**: The finalized tokenholder data is filtered using chain availability rules to ensure only reliable time periods are included in the final metric
- **Data quality filtering**: Applies availability filters that exclude time periods where Polygon blockchain data might be incomplete or unreliable
- **Time aggregation**: Maintains daily granularity for tokenholder counts, providing a time series view of MATIC token distribution
- **Final calculation**: The result is a time series showing the daily count of unique addresses holding native MATIC tokens on Polygon, filtered for data quality and availability

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the project's native token.

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