India’s largest telecom company Jio partners with Polygon for web3 integration
Polygon Weekly Overview - February 14, 2025
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By The Numbers
Polygon daily active users: 545.6K (+2.21%)
Polygon daily txns: 3.34M (-9%)
Polygon Total Volume Locked (TVL): $786.73M (+1.61%)
NFT weekly sales volume: $8.12M (+10.76%)
Top 3 NFT collections by sales volume:
Courtyard: $7.35M (+25.78%)
Voxies: $73.65K (-14.04%)
PsychoDolphins: $18.62K (-1.69%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
AggLayer Spotlight
🟪What happened: Polygon Labs has partnered with India’s largest telecom provider, Jio, and released a web browser, JioSphere, to reward users for surfing the internet.
🟪Why does it matter: Jio's telecom infrastructure is India’s largest provider, serving over 450 million users. It is owned and operated by Reliance Industries, India’s largest company by market cap at over $189 billion. This partnership sets the stage to provide exposure for even more blockchain use cases like digital payments and scalable consumer products that are directly accessible to users through the mobile carrier.
“Jio is like, the thing in India,” Polygon Co-Founder Sandeep Nailwal said on X. “It is the company which brought India online and now is going to take India onchain. It is so big in India that many thinkers would tell you that it has significant impact on India's current GDP growth.”
Now these users are coming into web3, Nailwal added. “India will soon be miles ahead in terms of DOU, Daily Onchain Users.”
With that said, the JioSphere climbed the ranks on the App Store and Play Store in India after launch. It provides users with a wallet integration, powered by Polygon's blockchain infrastructure. The wallet also gives users the ability to earn rewards while surfing the internet. These digital rewards, called Jiocoins, accumulate in users' wallets, creating an incentives bridge between everyday internet usage and blockchain technology.
🟪The big picture: In 2024, Polygon ranked in the top three ecosystems in Asia by active developer market share. The region's developer momentum is particularly evident in India, which led in onboarding new crypto developers. This positions the Jio and Polygon partnership for large scale impact on web3 growth and innovation, with developers able to create diverse use cases reaching over 450 million users.
The Polygon PoS network enables secure, scalable products like JioSphere through its infrastructure. With technologies like Polygon CDK, Plonky3, and Agglayer, the platform is equipped to support India's vast user base.
Specifically with Plonky3, it delivers a fast zero-knowledge proving system with speedy transaction processing, low costs, and improved user experiences. As a result, the combination of Plonky3 and Polygon's Erigon CDK strengthens scalability for dApps. Through the fast interoperability of Agglayer, developers and users benefit from an improved web3 experience across a unified ecosystem that feels like a single chain.
Into the Agglayer
Lumia announced it’s RWA stablecoin rwaUSD, backed by “Real Estate Tokens” (RET)
Explore the new Spiko Dune Dashboard to track data on its “ Money Market Funds”
Learn about Ronin opening its network for permissionless building
QuickSwap DEX has added Steer Protocol’s AI LP Vaults for ETH-USDC
Check out the “Agglayer Development Milestones” below
Source: Agglayer X account
Ecosystem Showcase
ICYM: Listen to Ethereum Foundation’s X Space on “rollups, scaling, and pragmatic collaboration” with Polygon and other major L2s
Check out Messari’s “State of Polygon Q4” Report and some stats that caught our eye:
POL market cap up 31%
Transaction fees up 53.2%
New daily addresses up 7.8%
Polymarket had over $414M in betting volume related to Super Bowl LVII, according to petertherock’s Dune Analytics dashboard
Learn about how Karpous, powered by Polygon, wants to make RWAs accessible to everyone
Join in the fun
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.