Technologies including (3D-) (bio-)printing, diesel engines, laser-induced forward transfer, and spray cleaning require optimization and therefore understanding of micrometer-sized droplets impacting at velocities beyond 10 m s(-1). However, as yet, this regime has hardly been addressed. Here we present the first time-resolved experimental investigation of microdroplet impact at velocities up to V0 = 50 m s(-1), on hydrophilic and -phobic surfaces at frame rates exceeding 10(7) frames per second. A novel method to determine the 3D-droplet profile at sub-micron resolution at the same frame rates is presented, using the fringe pattern observed from a bottom view. A numerical model, which is validated by the side- and bottom-view measurements, is employed to study the viscous boundary layer inside the droplet and the development of the rim. The spreading dynamics, the maximal spreading diameter, the boundary layer thickness, the rim formation, and the air bubble entrainment are compared to theory and previous experiments. In general, the impact dynamics are equal to millimeter-sized droplet impact for equal Reynolds-, Weber- and Stokes numbers (Re, We, and St, respectively). Using our numerical model, effective scaling laws for the progression of the boundary layer thickness and the rim diameter are provided. The dimensionless boundary layer thickness develops in time (t) according to δBL ~ D0/√Re(t/τ)0.45, and the diameter of the rim develops as DRim ~ D0/√We(t/τ)0.68, with drop diameter D0 and inertial time scale τ = D0/V0. These scalings differ from previously assumed, but never validated, values. Finally, no splash is observed, at variance with many predictions but in agreement with models including the influence of the surrounding gas. This confirms that the ambient gas properties are key ingredients for splash threshold predictions.