MATIC
$0.20

Polygon (MATIC) Price

$0.20
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Polygon (MATIC) Price Today

The live price of Polygon is $0.20 USD. In the past 24 hours, the trading volume of Polygon was $545.2K USD, with a change of -1.01%. The current live price of Polygon has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $10,000,000,000.00 MATIC, the market cap of Polygon is currently $2B USD, marking a +134.66% change in the last 24 hours. Polygon currently ranks 3498 by market capitalization.

Polygon (MATIC) Market Data

Market Cap
$2B
24h Volume
$545.2K
Circulating Supply
10B MATIC
Maximum Supply
--
Fully Diluted Market Cap
$2B
Liquidity Indicator
0.03%
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About Polygon (MATIC)

Polygon, formerly known as Matic Network, is an Ethereum token that serves as the backbone of the Polygon Network. Polygon is a scaling solution designed to enhance the functionality of Ethereum by offering faster and more cost-effective transactions. By utilizing Layer 2 sidechains, which operate alongside the Ethereum main chain, Polygon aims to provide a seamless experience for users. This article explores the workings of Polygon, its applications, and the process of acquiring and staking MATIC tokens.


What is Polygon (MATIC)?


Polygon (MATIC) functions as an Ethereum token that powers the Polygon Network, an innovative protocol and framework facilitating the creation and connection of Ethereum-compatible blockchain networks. As a Layer-2 solution, Polygon aims to address scalability issues within the Ethereum network while improving its overall performance. By utilizing sidechains, which act as high-speed lanes parallel to the Ethereum main chain, Polygon endeavors to enable faster and more cost-efficient transactions on the Ethereum ecosystem.


Using Polygon, users can seamlessly bridge their cryptocurrencies to Polygon using the official Polygon Bridge. Once connected, users gain access to a wide range of popular crypto applications that were previously exclusive to the Ethereum main chain.


Interacting with Polygon involves depositing Ethereum tokens into a Polygon smart contract, conducting operations within the Polygon Network, and subsequently withdrawing the tokens back to the Ethereum main chain. Transaction fees within Polygon are paid using the MATIC token, and holders can also participate in proof-of-stake consensus using MATIC.

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Polygon (MATIC) Price Converter

MATIC to USD
1 MATIC = $ 0.20
MATIC to VND
1 MATIC = ₫ 5,415.61
MATIC to EUR
1 MATIC = € 0.18
MATIC to TWD
1 MATIC = NT$ 6.79
MATIC to IDR
1 MATIC = Rp 3,520.41
MATIC to PLN
1 MATIC = zł 0.77
MATIC to UZS
1 MATIC = so'm 2,702.47
MATIC to JPY
1 MATIC = ¥ 29.45
MATIC to RUB
1 MATIC = ₽ 16.96
MATIC to TRY
1 MATIC = ₺ 8.00
MATIC to THB
1 MATIC = ฿ 6.90
MATIC to UAH
1 MATIC = ₴ 8.65
MATIC to SAR
1 MATIC = ر.س 0.78
All Polygon historical price data

How to Buy Polygon (MATIC)

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How to Buy MATIC Guide

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.