Cryptos:

105

Exchanges:

10

Wallets:

108

Marketcap:

$2,262,337,022,946

Volume 24h:

$35,494,757,963

Polygon logo

Polygon

MATIC

$0.714

#18

Coin
Overview
Exchanges
Markets
Wallets

$0.714

Price

18

Rank

$7,073,014,254

Marketcap

$56,984,190

Volume

$0.715

High

$0.714

Low

N/A

Open

N/A

Close

1H

0.35

%

1D

6.30

%

1W

5.46

%

1M

5.44

%

2M

-23.56

%

3M

-25.96

%

6M

-12.20

%

1Y

-18.02

%

Change 24h

$0.714

$0.715

Low

24H

High

Circulating Supply

9,906,961,710

10,000,000,000

N/A

Polygon`s Historical Data

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Avg
Total
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Avg
Total

About Polygon

Polygon, also known as Matic Network, is a decentralized platform that aims to solve the scalability issues that are faced by the Ethereum network. The platform was created by a team of experienced developers led by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, with a vision of creating a more efficient and cost-effective experience for users of the Ethereum network.

One of the key features of Polygon is its use of sidechains, which are independent blockchains that run parallel to the main Ethereum blockchain. These sidechains are connected to the Ethereum mainchain through a process called "pegging", which allows for transferring assets and data between the mainchain and the sidechain. The use of sidechains allows for high scalability, as transactions can be processed on the sidechains rather than the mainchain, which can become congested during periods of high traffic.

Another important feature of Polygon is its low transaction fees. By moving a large portion of the transactions to the sidechains, the mainchain is freed up from the burden of processing a large number of transactions, which in turn reduces the cost of transactions on the main chain. The sidechains are also secured by a proof-of-stake (PoS) consensus mechanism, which allows for faster and more efficient validation of transactions.

In addition, Polygon is also a multi-chain network, it allows developers to build and run their own chains, this opens up more opportunities for developers to create their own custom solutions, and more and more projects are joining the Polygon ecosystem and benefit from the scalability and security provided by the network, which makes the network more and more robust.

Overall, Polygon aims to provide a more efficient and cost-effective experience for users of the Ethereum network by utilizing sidechains, low transaction fees, and a secure PoS validation mechanism. It is a very promising project that has the potential to play a major role in the future of the Ethereum ecosystem and the broader blockchain space.

Tags

Delegated Proof of Stake
Staking
Enterprise Solutions
Infrastructure
Interoperability
Scalability
Staking
Layer 2
Governance
Scarcity

Contracts

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BNB

metamask logo

BEP20

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Ethereum

metamask logo

ERC20

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Solana

metamask logo

SPL

Marketcap

N/A

Max Supply

10,000,000,000

Circulating Supply

9,906,961,710

Left in Circulation

93,038,290

Total Supply

N/A

Birthday
Age

6 Years

Decimals

18

Wallets

45

News

120

Exchanges

8

Pairs

13

Tickers

30

Base

13

All Time High

$2.91

Date Of ATH

Dec 27 2021

Days Since ATH

873

All Time Low

$0.00321904

Date for ATL

May 09 2019

Days Since ATL

1836