| Metric | POL | ALGO |
|---|---|---|
| Institutional Score | 61/100 | 59/100 |
| Overall Rank | #7 | #10 |
| Archetype | Bank Infrastructure | Bank Infrastructure |
| Named Institutions | 5 | 4 |
| Spot ETF Status | none | none |
| Data Confidence | high | medium |
Polygon (POL) holds a TokenSonar institutional adoption score of 61/100, ranking #7 of 27 tracked cryptocurrencies. Tracked institutional partners include JPMorgan Onyx/Kinexys, Mastercard, Franklin Templeton, BlackRock, Stripe.
Algorand (ALGO) holds a TokenSonar institutional adoption score of 59/100, ranking #10. Tracked institutional partners include Republic of Italy, Marshall Islands, ISDA, Koibanx.
Polygon (61/100) and Algorand (59/100) are closely matched on institutional adoption. Polygon is classified as a Bank Infrastructure play while Algorand is a Bank Infrastructure play, so the better fit depends on which institutional thesis you're tracking rather than a clear adoption gap. Scores update twice daily based on regulatory filings, named bank deployments, ETF flows, and on-chain RWA data, not price action.