# Polymesh (POLYX): D-Score 42/100 — Moderately Decentralized

**BlockIndex D-Score: 42/100 (Moderately Decentralized).** Polymesh (POLYX) is a Layer 1 cryptocurrency using PoS consensus. Polymesh: Permissioned Layer-1 for regulated assets with identity-first governance and nominated PoS.

_Source: https://blockindex.ai/coin/polyx · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 42 |
| Node distribution | 5 |
| Initial distribution | 0 |
| Governance | 25 |
| Age and history | 7 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoS (N/A)
- Launch: Other
- Founder: N/A
- VC funded: No
- Max supply: N/A
- Circulating: 1,058,222,277

## Market data (as of 2026-06-19)
- Price: $0.04
- Market cap: $40.37M
- 24h volume: $2.14M
- 24h change: -3.99% · 7d change: -0.15%

## About
Polymesh (POLYX) is a permissioned, institutional-grade Layer-1 blockchain built with a focus on identity, compliance and the tokenization of regulated assets. The project positions itself as a specialized infrastructure for security tokens and real-world asset (RWA) use cases rather than a general-purpose public chain. Polymesh emphasizes identity-first workflows — actions and rights are attached to verified identities instead of bare public keys — and integrates on-chain compliance, governance tooling and settlement primitives to meet the needs of regulated market participants. The ecosystem includes a dedicated Polymesh Wallet, Polymesh Portal, Token Studio and onboarding/staking flows intended to support issuers, custodians and institutional participants.

At a technical level Polymesh implements a nominated proof-of-stake consensus model, with staking and node operator relationships used to secure the chain and manage block production. The architecture is permissioned by design and incorporates identity, attestations and compliance checks as first-class primitives; these features enable issuer-level rules, transfer restrictions and audited on-chain governance processes. The project maintains public developer artifacts and a GitHub organization, a developer portal, multiple explorers (including Subscan and a Polymesh app explorer), a governance explorer (Polkassembly) and tooling such as Token Studio that are specifically aimed at token issuance and compliance workflows.

Use cases for Polymesh are concentrated around tokenized securities and real-world assets: primary issuance of regulated tokens, compliance-attached secondary markets, custody integration, settlement services and bonded asset workflows. Polymesh aims to reduce operational friction for token issuers by providing on-chain identity verification, policy-driven transfer rules and issuer-focused APIs and developer tools. The chain’s orientation toward institutional adoption is reflected in documentation and product pages referencing onboarding guidance for licensed financial entities, staking/operator guidance and an ecosystem development fund to catalyze integrations with custodians, exchanges and tokenization service providers.

Tokenomics and economic design are discussed in the project materials but the provided sources contain inconsistent supply figures. The combined inputs reference multiple supply snapshots (one whitepaper-derived figure of ~796,445,050 total supply with ~668,429,821 in circulation, and other market snapshots listing different totals), and no explicit premine or PIP percentage was provided in the scraped data. The project describes an inflationary supply model to fund staking/block rewards rather than a strict fixed cap in the provided excerpts. Governance is identity-based with on-chain voting tools available via the governance explorer; the project is associated with a legal/organizational entity (Polymesh Association / Polymesh Labs) that supports ecosystem coordination. Development activity is visible via GitHub and a public developer portal and the project lists an ecosystem grants program, staking/onboarding flows and ongoing product updates (including 2025 content around confidentiality and RWA features) as part of the roadmap and continued development focus.

## Links
- Website: https://polymesh.network/
- Whitepaper: https://assets.polymesh.network/whitepaper.pdf
- GitHub: https://github.com/PolymeshAssociation

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore