MATIC

Matic NetworkMATIC

Rank #105
Token
On 25,938 watchlists

Matic Network Price (MATIC)

$0.03187
4.20%

0.0000009030 BTC

0.00002638 ETH

Low:$0.03177
High:$0.03631
24h
MATIC  Matic Network MATICPrice: $0.03187 4.20%
Market Cap
$155,018,673
4.20%
Fully Diluted Market Cap
$318,688,835
4.20%
Volume
24h
$38,274,953
21.92%
Circulating Supply
4,864,264,338 MATIC
49%
Max Supply
10,000,000,000

Matic Network Chart

 

How do you feel about Matic Network today?

Vote to see community results

About Matic Network

Matic Network price today is $0.031869 USD with a 24-hour trading volume of $38,274,953 USD. Matic Network is down 4.20% in the last 24 hours. The current CoinMarketCap ranking is #105, with a market cap of $155,018,673 USD. It has a circulating supply of 4,864,264,338 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.

The top exchanges for trading in Matic Network are currently Binance, VCC Exchange, FTX, HitBTC, and Bitcoin.com Exchange. You can find others listed on our crypto exchanges page.

What is Matic Network?

Matic Network is a Layer 2 scaling solution backed by Binance and Coinbase that aims to provide a generalized Layer 2 platform, enabling Ethereum developers to scale their DApps for large-scale usage. For the initial phase, Matic has launched its hybrid PoS+Plasma sidechain on top of Ethereum. According to the team, Matic is one of the fastest-growing DApp platforms in the space.

Matic believes the answer to enabling widespread adoption of blockchain technology lies with second-layer solutions focused on scalability. To this end, Matic Network provides massive scaling capabilities whilst leveraging the security and decentralization of the mainchain.

As a general-purpose platform, Matic is capable of housing a limitless array of DApp types on their infrastructure. So far, Matic has attracted more than 50 DApps to its PoS-secured Ethereum sidechain. DApps on Matic encompass a variety of niches ranging from gaming to DeFi, with notable projects including VR metaverse projects Decentraland, Somnium Space, The Sandbox, and Whitelabel betting platform BetProtocol.

Essentially, Matic aims to provide the infrastructure to overcome the traditional performance bottlenecks of the blockchain ecosystem, to allow all types of DApps to be able to handle large volumes of users.

Background and Vision

The Matic team has been contributing to the Ethereum ecosystem long before the formation of Matic Network and their IEO on Binance in April 2019. This includes working on implementations of Plasma MVP, the WalletConnect protocol (which allows users to access DApps in a secure and user-friendly way), and the widely-used Dagger event notification engine.

Matic is passionate about decentralization and better blockchain-based products and is working towards their core goal of facilitating mass adoption of blockchain. They believe that the current decentralized ecosystem lacks usability and convenience - decentralized transactions are slow, expensive, and complex - and therefore the blockchain environment as it stands today is unable to facilitate mainstream-level DApps. Solving this problem is Matic’s mission.

Matic aims to overcome these hurdles by leveraging a combination of blockchain scaling, developer platform and tools, and a keen focus on user experience. Their Layer 2 solution will enable countless DApps around the world to process TPS rates as high as 65,000 per second, per Matic sidechain. By providing this high-performance infrastructure, Matic aims to revolutionize the way a broad range of applications is created, from decentralized finance to gaming, thus shaping the user experience of end-users around the world.

How Does Staking Work on Matic Network?

As a Layer 2 solution utilizing a network of Proof-of-Stake validators for asset security, staking is an integral part of the Matic ecosystem. Essentially, validators will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return. MATIC holders who wish to stake but do not wish to be a validator, or are not able to be a validator, can delegate their tokens to a validator of their choice and still take part in their staking process and earn staking rewards.

About MATIC Token

MATIC is the utility token used on the Matic Network blockchain. It has a range of purposes, including paying network transaction fees and participating in Matic Network’s Proof-of-Stake consensus mechanism. Due to demand, MATIC has also been integrated into several external platforms as a payment method.

You can purchase MATIC on any exchange which supports the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.

converter-coin-logo

MATIC

Matic Network

converter-coin-logo

USD

United States Dollar

MATIC Price Statistics

Matic Network Price Today
Matic Network Price$0.03187
Price Change24h$-0.001339

4.2%

24h Low / 24h High
$0.03177 /
$0.03631
Trading Volume24h$38,274,952.94

21.92%

Market Dominance0.02%
Market Rank#105
Matic Network Market Cap
Market Cap$155,018,673.41

4.2%

Fully Diluted Market Cap$318,688,834.82

4.2%

Matic Network Price Yesterday
Yesterday's Low / High
$0.03208 /
$0.03631
Yesterday's Open / Close
$0.03406 /
$0.03277
Yesterday's Change

3.8%

Yesterday's Volume$38,716,031.33
Matic Network Price History
7d Low / 7d High
$0.02309 /
$0.03631
30d Low / 30d High
$0.01478 /
$0.03940
90d Low / 90d High
$0.01176 /
$0.03940
52 Week Low / 52 Week High
$0.007011 /
$0.03940
All Time High
May 21, 2019 (2 years ago)
$0.04502

29.21%

All Time Low
May 09, 2019 (2 years ago)
$0.003012

958.22%

Matic Network ROI

604.93%

Matic Network Supply
Circulating Supply4,864,264,338 MATIC
Total Supply10,000,000,000 MATIC
Max Supply10,000,000,000 MATIC

Matic Network Markets

#

Source

Pairs

Price

Volume

Volume %

Liquidity

Confidence

Updated
No Data

Matic Network News

Read more