Matic Network price today is $0.016312 USD with a 24-hour trading volume of $16,830,522 USD. Matic Network is up 0.65% in the last 24 hours. The current CoinMarketCap ranking is #122, with a market cap of $62,484,046 USD. It has a circulating supply of 3,830,626,432 MATIC coins and the max. supply is not available. You can find the top exchanges to trade Matic Network listed on our crypto exchanges page.
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.
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.
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.
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.
|Matic Network Price||$0.016312 USD|
|Matic Network ROI||260.81%|
|Market Cap||$62,484,046 USD|
|24 Hour Volume||$16,830,522 USD|
|Circulating Supply||3,830,626,432 MATIC|
|Total Supply||10,000,000,000 MATIC|
|Max Supply||No Data|
|All Time High|
(May 21, 2019)
|All Time Low|
(May 09, 2019)
|52 Week High / Low|
$0.043096 USD /
|90 Day High / Low|
$0.032391 USD /
|30 Day High / Low|
$0.020470 USD /
|7 Day High / Low|
$0.017973 USD /
|24 Hour High / Low|
$0.016430 USD /
|Yesterday's High / Low|
$0.016400 USD /
|Yesterday's Open / Close|
$0.016243 USD /
|Yesterday's Change||$-0.000611 USD (-3.76%)|
|Yesterday's Volume||$24,527,488 USD|