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Polygon

Polygon MATIC

Coin
Polygon Price (MATIC)
$0.8242
1.91% Buy MATIC

0.00062 ETH

0.00004232 BTC

Low: $0.8238
High: $0.8476
24h
Market Cap
$7,199,140,439
1.91%
Fully Diluted Market Cap
$8,242,361,764
1.91%
Volume
24h
$258,401,368
25.34%
Volume / Market Cap
0.0359
Circulating Supply
8,734,317,475 MATIC
100.00%
Max Supply
10,000,000,000
Total Supply
10,000,000,000
Polygon MATIC
Price: $0.8242
1.91% Buy MATIC
Polygon (MATIC) Social Signals & Traffic Tracker
Polygon twitter
Twitter Stats
@0xPolygon

Followers

1,664,814

0.46%

Following

691

0.14%

Tweet count

7,691

1.14%

Joined at Oct 02, 2017
Polygon reddit
Reddit Stats
r/0xPolygon

Subscribers

51,795

0.03%

Subreddit type

public

Moderators

9

0.00%

Joined at Jun 09, 2020
Polygon telegram
Telegram Stats
@polygonofficial

Title

Polygon Official Community

Members

68,408

0.22%

Polygon traffic
Website Traffic
polygon.technology

Website Rating (DR)

82 / 100

0.00%

Ahrefs Rank

9,418

2.27%

Organic Traffic (mo.)

213,436

27.30%

Polygon github
GitHub Organization
maticnetwork

Public repos

105

Type

Organization

Created at Aug 05, 2017
Polygon github
GitHub Repository
maticnetwork/contracts

Stars

590

1.03%

Watchers

66

0.00%

Forks

303

0.33%

Language

JavaScript

Created at Aug 05, 2017

Polygon offers a wide range of secure, fast, affordable and energy-efficient Ethereum scaling solutions for Web 3 developers 📢: @PolygonAnnouncements 🗣: @PolygonCommunityAlerts 🇦🇪: @polygonofficial_arab 🇨🇳: @maticnetwork_china 🇯🇵: @polygonjapan

Polygon Price statistics

Polygon Price
$0.8242
Price change 24h
-$0.0157
1.91%
24h Low / 24h High
$0.8238 /
$0.8476
All Time High
Dec 27, 2021 (9 months 1 week ago)
$2.92
71.80%
All Time Low
May 09, 2019 (3 years 4 months ago)
$0.0030
27,269.19%
Trading Volume 24h
$258,401,368
25.34%
Volume / Market Cap
0.0359
Market Dominance
0.73%
Market Rank
#11
Market Cap
$7,199,140,439
1.91%
Fully Diluted Market Cap
$8,242,361,764
1.91%

Live MATIC Price Analysis

The current real time Polygon price is $0.8242, and its trading volume is $258,401,368.41 in the last 24 hours. MATIC price has plummeted by 1.91% in the last day, and increased by 5.20% in the last 7 days. It’s important to note that current Polygon market capitalization is $7,199,140,439.49, and the maximum supply is 10,000,000,000 MATIC coins. Talking about circulating supply, MATIC has 8,734,317,475 coins. Currently, Polygon rank on the market is #11.

Polygon price today is 71.80% below all time high, and it is 27,269.19% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling MATIC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Polygon?

Polygon, formerly known as the Matic Network, serves as both an Ethereum Layer 2 solution and a cryptocurrency.

Polygon is an intuitive Plasma-based sidechain solution running alongside the Ethereum network. It provides all of the necessary tools needed to build decentralized applications (dApps). At the moment, Polygon’s sidechain houses over 50 unique dApps.

On top of that, Polygon enables the creation of other solutions such as zero-knowledge rollups, optimistic rollups as well as API and SDK.

Polygon is the native currency powering the platform. It’s based on the ERC-20 token standard. There is a total supply of 10,000,000,000 Polygon coins. When referring to the native token of Polygon, the term Polygon is used, although its official name is MATIC. This means Polygon and MATIC are used interchangeably.

MATIC is the utility token of Polygon. It’s used to pay transaction fees and serves as a settlement currency. Moreover, the Polygon token grants governance rights. It can even be staked.

Just like the majority of digital assets, Polygon price experiences volatility. If you want to delve deeper into the MATIC price, check out the graph above.

What are the Main Features of Polygon?

The key goal of Polygon is to tackle Ethereum’s scalability problem and facilitate mass adoption of crypto.

It also hopes to address block-related concerns such as block confirmation time and block size. In the future, the project aims to resolve scalability issues on multiple blockchains. Some of the main selling points of the Polygon network are extremely fast transactions, enhanced security, and low transaction fees.

Polygon is a decentralized platform that elevates this aspect through an additional layer of block producers.

When explaining what is Polygon, it was briefly mentioned that the solution uses the Plasma framework. This customized framework was implemented in order to enhance the security of digital assets. Most importantly, it enables Polygon’s sidechain to process over 65,000 transactions per block. In addition, the Proof-of-Stake (PoS) consensus mechanism facilitates transaction processing. Various DeFi protocols are supported by these Plasma-based sidechains across Ethereum.

The Plasma framework was initially brought forward by one of Ethereum’s founders - Vitalik Buterin. It greatly benefits Polygon in many ways. For instance, with this framework and the PoS consensus mechanism in place, Polygon can effortlessly accommodate countless dApps.

Polygon enables staking. In order to join the PoS consensus mechanism and become a validator, you must put forward your Polygon tokens as collateral or delegate your tokens to another validator. The staking rewards come in the form of MATIC tokens.

Polygon is supported by Coinbase and Binance.

There are various decentralized platforms providing sidechains or Layer 2 solutions such as Liquid Network, Loom Network, Raiden Network, or Lightning Network. Therefore, Polygon has its work cut out for it when it comes to the market share.

Who Developed Polygon?

The Matic Network was founded by a team of 3 Indian nationals - Sandeep Nailwal, Jaynti Kanani, and Anurag Arjun in October of 2017. 

Sandeep Nailwal began as a software engineer and has been working with blockchain technologies since 2015. He holds an MBA in Technology, Finance, and Supply Chain Management from the NITIE. Sandeep co-founded a crypto-related project called ScopeWeaver.com. He’s currently working as a blockchain programmer.

Before the launch of the Matic Network, Jaynti Kanani worked as a data scientist at Housing.com. He went to the Dharmsinh Desai Institute of Technology where he gained a Bachelor’s degree in Information Technology. When the Matic Network was launched, he took the role of CEO up until late 2021.

Co-founder Anurag Arjun takes care of the business side of things when it comes to Polygon. He successfully completed his Bachelor’s studies at the Nirma Institute of Technology and gained a Bachelor’s degree in Computer Engineering. Anurag is the sole member of the core team without a programming background. Besides Polygon, he has also co-founded a consulting company called Dexter Consultancy where he worked as a product manager for 4 years.

In its early days, the Matic Network played a significant role in the development of the Ethereum blockchain. Some of their most notable contributions include Dagger - the Ethereum event notification engine, the WalletConnect protocol, and Plasma MVP.

One of the main goals of the Matic Network team was to address the elephant in the room - Ethereum’s scalability problem.

It was rebranded to Polygon in April of 2021.

Ethereum’s EIP-1559 Upgrade and the London Hard Fork

Ethereum Improvement Proposal (EIP) 1559 revolves around the calculation mechanism of transaction fees. It’s part of the London Hard Fork.

London Hard Fork went live on the Ethereum network in August of 2021. Next year, it was officially activated on Polygon in January of 2022.

The transaction fee calculations will no longer be processed on the first-price auction. A base fee model has been implemented in its place. This means that Polygon tokens will be burnt as base fees.

EIP-1559 upgrade enforces stability. Most importantly, it allows network participants to roughly calculate the transaction fee. This way they don’t lose significant amounts of tokens by overpaying.

As a consequence of this upgrade, MATIC tokens will become more deflationary. This is due to the fact that these tokens will no longer be distributed among miners, but instead will be burned. Around 27,000,000 MATIC tokens will be burned every single year. In turn, this could also mean an increase in the Polygon price.

Unfortunately, EIP-1559 doesn’t bring anything to the table when it comes to decreasing the transaction fees across the Ethereum network.

Don't forget to check the MATIC price via the graph above before making purchase decisions.

What's Polygon trading volume in the last 24 hours?

MATIC has a trading volume of $258,401,368.41 in the last 24 hours.

What's Polygon highest price ever?

MATIC has a highest price of $2.92, which was reached on Dec 27, 2021 (9 months 1 week ago).

What's Polygon lowest price ever?

MATIC has a lowest price of $0.0030, which was reached on May 09, 2019 (3 years 4 months ago).

What are the best exchanges for buying and selling MATIC?

Currently, the most active and dominating exchanges for buying and selling Polygon are Binance, Kraken & Kucoin. The most popular Polygon trading pairs are MATIC/USDT (on Binance ), MATIC/USD (on Coinbase ), MATIC/BUSD (on Binance ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping MATIC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Polygon. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Polygon project's Circulating Supply has been verified and is equal to:

Circulating Supply

8,734,317,475 MATIC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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