MATIC

Polygon price 
MATIC

$1.08  

1.74% (1d)

The upgrade from MATIC to POL has been initiated on Ethereum's mainnet. For more information, please refer to this article and post.

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Polygon statistics
Market cap
 

1.74%

$10,693,337,236
#15
Volume (24h)
 

2.45%

$755,505,095
#23
Volume/Market cap (24h)
 
7.07%
Circulating supply
 
9,899,134,526 MATIC
98.99%
Total supply
 
10,000,000,000 MATIC
Max. supply
 
10,000,000,000 MATIC
Fully diluted market cap
 
$10,802,295,097
MATIC to USD Converter
MATIC
USD
Price performance
24h 
Low
$1.05
High
$1.12
All-time high
Dec 27, 2021 (2 years ago)
$2.92
-63.05%
All-time low
May 09, 2019 (5 years ago)
$0.003012
+35769.58%
See historical data
Popularity
In watchlists1,530,391x
76th / 8.9K
Do you own this project? Update Token Info

The upgrade from MATIC to POL has been initiated on Ethereum's mainnet. For more information, please refer to this article and post.

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Polygon news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About Polygon

What Is Polygon (MATIC)?

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

To learn more about this project, check out our deep dive of Polygon Matic.

Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.

The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.

Who Are the Founders of Polygon?

What Makes Polygon Unique?

How Many Polygon (MATIC) Tokens Are There in Circulation?

How Is the Polygon Secured?

Where Can You Buy Polygon (MATIC)?

Polygon (MATIC) London Hard Fork and EIP-1559 Upgrade

Polygon Network Carbon Neutrality

 
 
 
 
 
 
 
 
 
 

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