Polygon's pricing is currently at a really interesting point. When I look at valuation metrics, you can see how the market is positioning the Polygon coin. If you look at the 90-day fully diluted P/S ratio, the numbers speak for themselves.

Other Layer 1s and Layer 2s are currently trading at much higher multiples. Solana at 50x, BNB at 100x, and even networks like Ethereum and Avalanche are valued more aggressively. Even Aptos and Bitcoin are more expensive compared to Polygon. But Polygon is sitting at 36.4. So it's almost cheaper than most.

Why does this matter? Because Polygon is generating real revenue. It has 100% circulating supply and operates in a deflationary regime. The fundamental data supports this. At some point, this valuation gap will have to close. Will the market finally take this Polygon coin analysis seriously, or will this undervaluation continue? Right now, I think the gap is very clear.

If the market starts re-pricing the fundamental metrics when commenting on Polygon, things could get interesting. For now, the network appears to be significantly undervalued compared to other players.