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    $0.829903 $ 0.829903
    +¥5204,24 7.1% 1D
    1D 1M 1Y ALL
    LOADING DATA
    Market Cap (USD)
    6.17B
    24H Volume
    399.96M
    Circulating Supply
    7.44B MATIC
    Max Supply
    10B MATIC
    All Time High
    2.92
    Rank
    14

    About Polygon (MATIC)

    Polygon is a protocol and framework for building and connecting Ethereum compatible blockchain networks. Due to the vigorous development of the Ethereum chain ecosystem, there are more and more DeFi users. The low TPS on Ethereum poses the increasingly serious problems of congestion and rising trading gas fees. The goal of Polygon is to build what it calls an Ethereum Layer 2 solution aggregator, to make up for the problems of the Ethereum ecosystem and accelerate the development of the Ethereum ecosystem.

    Polygon is an easy-to-use Ethereum extension and infrastructure development platform. Its core component is the Polygon SDK, which helps developers create new fully interoperable DApps.

    On the Polygon chain, the improvement of performance is mainly achieved through the form of "side chain", because the side chain can facilitate developers, enterprises and individuals to build projects more flexibly and quickly, thus enjoying higher speed and lower trading costs. Compared with the main chain, it will bring unprecedented trading experience and cost reduction.

    Presently, many popular decentralized financial (DeFi) DApps have been deployed on Polygon, such as Aave, 1INCH, Curve and Sushi.


    How does Polygon (MATIC) Work?

    There are mainly two scalability solutions used by Polygon: one is the path that relies on the security of Ethereum network, i.e. "Secure Chain", and the other is Stand-alone Chain.

    The Stand-alone Chain (Pos chain), also known as the "submission chain", has its own consensus mechanism and validation pool, and is fully responsible for its own security. For this reason, it has the advantages of independence and flexibility. For this reason, it has advantages such as independence and flexibility. The Pos chain is essentially a parallel chain, so it has certain advantages in improving throughput and reducing trading costs, providing users with a better transaction experience. The Pos chain is compatible with the Ethereum virtual machine, which facilitates developers to easily migrate their smart contracts to the Pos chain based on Ethereum.

    However, the security chain will not establish its own validation pool, which is provided by Ethereum or professional validators. It also means that the security level will be higher than that of the main chain, allowing transactions to be transferred from the main chain to the sub-chain, so as to achieve faster and cheaper transactions.

    In this way, in addition to the current implementation of Matic Plasma, Polygon will also support other major scalability solutions, such as zkRollups, Optimistic Rollups and Validium.


    What is Polygon (MATIC)?

    MATIC is the native token of Polygon. It is used to manage and protect the network through staking. The MATIC token can be used to pay the service and trading costs on Polygon and its side chain. When the more users use the application on the MATIC network, the more the transaction volume, and therefore the trading costs, so as to adjust the market supply and demand. Through staking, MATIC can also become a network validator and obtain a certain amount of token rewards. In addition, it also gives the token holder the right to shape the future of the project. The token holder can vote on the proposal and put forward his own proposal.
    Expand

    Polygon Market

    Currency Price 24H Change Action
    MATIC /USDT
    3X Margin
    $0.829903 +7.1% Trade
    MATIC /USDT
    Futures
    $0.83861 +6.77% Trade
    MATIC /USDT
    Spot
    $0.829903 +7.1% Trade

    Polygon News

    News
    Announcements
    Facebook, Instagram Users in US Can Now Share Ethereum, Flow and Polygon NFTs

    Facebook, Instagram Users in US Can Now Share Ethereum, Flow and Polygon NFTs

    Meta is letting all U.S. users connect a crypto wallet and display owned NFTs on either social app.
    Source: decrypt Posted: 2022-09-29
    Polygon está acercando las criptomonedas a los consumidores, según la firma Bernstein

    Polygon está acercando las criptomonedas a los consumidores, según la firma Bernstein

    El éxito de la blockchain se debe a su capacidad para crear una puerta de entrada más accesible para los consumidores convencionales, remarcó el informe.
    Source: coindesk Posted: 2022-09-29
    Bernstein Says Polygon Blockchain Is Bringing Crypto to Consumers

    Bernstein Says Polygon Blockchain Is Bringing Crypto to Consumers

    The blockchain’s success has come from its ability to build a more mainstream customer gateway, the broker said.
    Source: coindesk Posted: 2022-09-29
    Polygon Co-Founder Talks Imminent Launch of zkEVM at Mainnet 2022

    Polygon Co-Founder Talks Imminent Launch of zkEVM at Mainnet 2022

    Polygon co-founder Mihailo Bjelics tells Decrypt's Liam Kelly and Kate Irwin in our Decrypting Mainnet series at Mainnet 2022 about why Polygon zkEVM will be the future of Ethereum scaling, how Polygon is "an un-opinionated platform" and how the Ethereum merge affected Polygon.
    Source: decrypt Posted: 2022-09-28
    Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon

    Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon

    The company will look to expand its platform for trading derivatives contracts in tokens that don’t usually have such markets.
    Source: coindesk Posted: 2022-09-13
    Starbucks ofrecerá un programa de fidelización basado en NFT utilizando la blockchain de Polygon

    Starbucks ofrecerá un programa de fidelización basado en NFT utilizando la blockchain de Polygon

    Starbucks Odyssey permitirá a sus clientes comprar sellos digitales coleccionables en forma de NFT que ofrecen beneficios y experiencias inmersivas.
    Source: coindesk Posted: 2022-09-12
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