Marketcap:

$1,911,889,776,573

Volume 24h:

$19,537,118,069

Sep 09 Liquidations:

-$28,026,223

24H Long/short:

Coming Soon

Polygon logo

Polygon

MATIC

$0.381

#21

-1

Coin
Overview
Exchanges
Markets
Wallets

$0.381

Price

21

Rank

$3,771,468,014

Marketcap

$40,868,197

Volume

$0.382

All Time High

$0.373

All Time Low

N/A

Open

N/A

Close

1H

0.290

%

1D

1.64

%

1W

-4.60

%

1M

-5.63

%

2M

-24.77

%

3M

-40.82

%

6M

-68.78

%

1Y

-24.37

%

Change 24h

$0.373

$0.382

All Time Low

24H

All Time High

Polygon`s Return History

Weekly
Monthly
Quarterly

Winning

Years

4

Quarters

11

Losing

Years

2

Quarters

11

Q1
Q2
Q3
Q4
Avg
Total
Q1
Q2
Q3
Q4
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.

Algorithms

(1)
Delegated Proof of Stake

Incomes

(1)
Staking

Industries

(2)
Enterprise Solutions
Infrastructure

Tags

(6)
Interoperability
Scalability
Staking
Layer 2
Governance
Scarcity

Contracts

(3)
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BNB

metamask logo

BEP20

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Ethereum

metamask logo

ERC20

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Solana

metamask logo

SPL

Stats

(10)
Birthday
Age

6 Years

Decimals

18

Wallets

46

Exchanges

8

Pairs

13

Tickers

30

Base

13

All Time High

$2.91

Date Of ATH

Dec 27 2021

Days Since ATH

987

All Time Low

$0.00321904

Date for ATL

May 09 2019

Days Since ATL

1950