For Polygon Labs, the research and development arm of Polygon, 2024 was a breakthrough year, driven by Polymarket’s mass adoption during the US presidential elections.
2025 kicked off strong as Polygon Labs partnered with Jio Platforms, the digital arm of Reliance Industries, to bring Web3 to over 450 million Jio users, boosting mass adoption.
In 2024, Polygon PoS TVL hit a high of $1.3 billion in November. However, MATIC’s market cap has fallen 67% over the past year due to growing competition from Arbitrum and Optimism, along with its transition to POL.
“Market cap is just one metric—it doesn’t capture real-world adoption, developer activity, or ecosystem growth,” Marc Boiron, CEO of Polygon Labs told Invezz in an interview.
Boiron discussed how Donald Trump’s election and Europe’s MiCA regulation impact the global blockchain industry. He also addressed Polymarket’s enduring popularity despite scrutiny, the debate over Solana’s resurgence versus Layer-2 fragmentation, and how Agglayer aims to solve these challenges.
Edited excerpts:
Jio partnership unlocks real-world blockchain adoption
Invezz: You recently partnered with Jio Platforms, which is a significant development. How does this change things for you? Are more such partnerships (including government) on the cards?
Polygon was built in India with a mission to make blockchains scalable and broadly accessible.
Collaborating with Jio Platforms aligns perfectly with that vision of bringing Web3 to the masses.
Polygon PoS (Proof of Stake) blockchain offers the speed, low fees, and scalability needed to onboard a large number of users seamlessly.
Jio’s integration unlocks real-world blockchain adoption at an unprecedented scale.
We’re committed to working with all types of companies and governments that see the potential of Web3 to transform digital experiences, especially in a fast-growing market like India.
MiCA a strong model for balanced regulation
Invezz: Donald Trump’s election has marked a watershed moment for cryptocurrencies. How do you see things changing for the blockchain industry globally and in India?
President Trump’s four NFT drops on Polygon PoS signal how even major political figures recognize the potential of this technology.
During his time in office, we anticipate more regulatory clarity and a more favorable framework that unlocks a new wave of building and adoption.
Looking to the rest of the world, MiCA (Markets in Crypto-Assets Regulation) in Europe is a strong model for balanced regulation, and if the US and other markets follow suit, it will give institutions the confidence to scale Web3.
In India, the right framework could position the country as a global leader in blockchain innovation.
With Polygon PoS giving all types of business, payments and beyond, the opportunity to have their use cases break, the outlook for regulatory changes will create more demand from institutions to build their application on Polygon PoS.
This momentum has already been felt with institutions in the payments space.
Polygon’s role in real-world asset (RWA) tokenization
Invezz: Real-world asset (RWA) tokenization is booming. What role does Polygon play in this trend?
Real-world asset tokenization makes it easier to bring traditional assets onto the blockchain.
Polygon PoS offers low fees, fast transactions, and strong security—everything needed to tokenize assets like real estate and commodities.
PoS is already powering projects like fractional real estate ownership and commodity tokenization, helping unlock liquidity and bring more transparency.
Polygon PoS is the perfect fit for these projects, offering the scalability and cost-efficiency they need.
Consumer use cases for tokenization are expanding rapidly, with platforms like Courtyard driving growth by bringing off-chain assets on-chain through increasing sales.
Popularity of Polymarket in US elections, and Super Bowl; growing regulatory scrutiny
Invezz: Polymarket was all the rage during the US elections, and now also for the Superbowl betting. However, it has attracted regulators’ scrutiny, like the CFTC in the US, with some countries like Singapore and Thailand even blocking the site. Your thoughts?
Polymarket’s popularity during the US elections and the Super Bowl shows the growing demand for decentralized prediction markets.
It’s a strong example of how blockchain can bring transparency and efficiency to markets traditionally dominated by centralized players.
Regulatory scrutiny is expected as the space evolves, but we believe well-defined frameworks—like MiCA in Europe—can provide a path forward.
Clarity will help innovation flourish while addressing compliance concerns.
This is most likely to happen with strong use cases like prediction markets.
We always want a better source of information.
As the US elections show, prediction markets like Polymarket are better sources of information than traditional media, which drives regulators to want to enable this type of innovation to thrive.
Fragmentation is not just Ethereum’s problem, it affects all of the crypto
Invezz: How do you respond to claims that Solana and other Layer-1s are regaining momentum while Layer-2s are fragmenting?
As core collaborators on Agglayer, this is exactly the kind of challenge that keeps us up at night.
Let’s be clear—no single chain can serve as the backbone of a blockchain-powered internet.
Mass adoption simply can’t be scaled by one network alone, no matter the momentum of Solana or any other L1.
Right now, massive pools of value are locked within isolated ecosystems—Ethereum, Solana, Bitcoin, and beyond.
Add in the growing number of L2s designed to scale Ethereum, and fragmentation isn’t just Ethereum’s problem—it affects all of crypto.
There’s no native, safe, and seamless way to interoperate across these ecosystems.
That’s exactly what Agglayer solves.
The mission is to unify crypto—regardless of chain architecture or stack.
Take Jupiter’s recent “Aggregate Everything” push in the Solana ecosystem—it echoes the vision Agglayer has had from day one.
For chains like Polygon PoS, this is a game-changer.
Connecting to Agglayer means tapping into a larger network of dApps, users, and liquidity across all connected chains, with a uniquely safe architecture for native asset transfers and frictionless cross-chain interoperability—something no other solution offers today.
So yes, Solana is thriving and that’s great for Web3, but it’s actually what is going to require us to be able to bring together many chains as demand for blockchains grows.
The future of crypto needs open, seamless connectivity—just like the internet we know today.
MATIC’s slipping market cap doesn’t capture real-world adoption
Invezz: MATIC has been slipping in market capitalization, with Mantle, Arbitrum, Optimism, etc taking over… how do you view the competition?
Competition is a sign of a healthy ecosystem. Mantle, Arbitrum, Optimism, and others are all contributing to the broader adoption of Ethereum scaling solutions.
That said, the market cap is just one metric—it doesn’t capture real-world adoption, developer activity, or ecosystem growth.
Polygon remains a leader in scaling, with the most adopted ZK technology, enterprise partnerships, and a thriving developer community.
The upcoming Agglayer will unify liquidity across chains, making Polygon the most interconnected scaling solution.
We’re focused on long-term impact, not short-term rankings.
The real measure of success is which networks drive the most on-chain activity and innovation—and that’s where Polygon continues to lead.
Invezz: What is the long-term plan for POL token utility in the Polygon 2.0 ecosystem?
This will ultimately be decided through community governance.
Following consensus, MATIC was upgraded to POL, bringing changes to emissions and future utility in an aggregated ecosystem.
The rollout of this utility will be shaped by ongoing community discussions throughout the year.
For Polygon, 2025 is about breakout through aggregation
Invezz: What will the theme of 2025 be for Polygon? Where do you see Polygon in five years: more decentralized or more enterprise-focused?
2024 was a breakout year for crypto, with dApps like Polymarket and Courtyard.io achieving real mass adoption.
Built on Polygon PoS, these platforms showcased the network’s role as a launchpad for utility and scale. 2025 is about breakout through aggregation.
Polygon PoS will remain one of the most widely used chains, with the data to prove it.
At the same time, AggLayer is emerging as the industry’s connective tissue, seamlessly linking chains, users, and states.
Fast forward five years: Polygon PoS will be a key chain within Agglayer, a stablecoin powerhouse driving payments and real-world adoption at scale.
As for Polygon Labs, the vision remains progressive decentralization.
Community governance is already shaping the network’s direction—and its influence will only grow stronger.
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