Polygon MATIC Price
$0.25
Rank 238
-
1H
0.24%$0.0006
24H
-3.85%$0.0099
7D
3.20%$0.0076
30D
-1.53%$0.0038
-
Market cap $339.00 M Full cap $2.47 B Volume 24H $2.80 M ATH $2.92
Polygon Price Chart
Polygon Market Data
Polygon price today
Today's live Polygon price is $0.25 USD, with a 24-hour trading volume of $2 803 519 USD. We provide real-time updates for the MATIC to USD price. Polygon has decreased by 3% in the last 24 hours. Currently ranked 238 in the cryptocurrency market, Polygon has a live market cap of $339 003 679 USD, with a circulating supply of
1 372 002 825MATIC coins and 10000000000.00 maximum supply.
About Polygon
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.
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.
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How much is 1 MATIC?
Conversion Table
MATIC/USD
(US Dollar)
0.25 USD
MATIC/EUR
(Euro)
0.22 EUR
MATIC/JPY
(Japanese Yen)
35.13 JPY
MATIC/CHF
(Swiss Franc)
0.20 CHF
MATIC/CNY
(Chinese Yuan)
1.81 CNY
MATIC/GBP
(British Pound Sterling)
0.19 GBP
MATIC/INR
(Indian Rupee)
21.09 INR
MATIC/KRW
(South Korean Won)
351.7 KRW
MATIC/CAD
(Canadian Dollar)
0.34 CAD
MATIC/NGN
(Nigerian Naira)
395.2 NGN
MATIC/BRL
(Brazilian Real)
1.45 BRL
MATIC/SGD
(Singapore Dollar)
0.32 SGD
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