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Polygon MATIC

Rank #19

$ 0.68038700 +2.67%

Polygon Price (MATIC)

Polygon to USD Price Chart

Polygon Statistics

Market Rank #19
Market Cap $ 6.3B
Volume 24h $ 432.9M
Circ. Supply 9.3B
Total Supply 10.0B
Max Supply 10.0B

How much is Polygon (MATIC) now?

Polygon (MATIC) is currently priced at $ 0.68038700. Over the last 24 hours, its price has increased by +2.67%.

What Is Polygon (MATIC)?

Polygon, initially known as Matic Network, is a scalable and developer-friendly platform meant for Ethereum scaling and infrastructure development. The platform’s cornerstone is the Polygon SDK, a highly flexible and versatile framework supportive of several application types construction.

Essentially, Polygon augments Ethereum into a multi-chain system, alike Internet of Blockchains. This concept is similar to other systems like Polkadot, Cosmos, and Avalanche while maintaining Ethereum’s key advantages, notably security, vibrant ecosystem, and openness.

Who is behind Polygon?

While the exact team behind Polygon isn't stated clearly, it's often related to Matic Network - since it's a rebrand of the network. Matic Network was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The same team is believed to be behind Polygon, considering the fundamental technology remains the same.

How does Polygon work?

Polygon lets developers create Optimistic Rollup chains, ZK Rollup chains, standalone chains, or any other infrastructure per their requirements. Moreover, the Polygon platform ensures that the existing ecosystem built on the Plasma-POS chain does not alter while new features are constantly developed. This technology helps scale to larger ecosystems, catering to a variety of developer needs.

What makes Polygon unique?

Polygon's uniqueness resides in its ability to provide Ethereum with the structure of a multi-chain system, similar to other blockchain-based platforms yet maintaining Ethereum's unique features. This allows Ethereum to tap into unprecedented scalability while staying secure and open. The Polygon platform also stands out for its developer-friendliness, enabling the creation of various infrastructure types.

What is the role of the MATIC token in Polygon?

The $MATIC token is integral to the function and security of the Polygon platform. It is said to play an important role in contributing to system security and enabling governance. It's safe to assume that the $MATIC token might be used to facilitate transactions or incentivize network participation, similar to other blockchain tokens' role within their respective systems.

How much Polygon (MATIC) is in circulation?

There's a circulating supply of 9.3B MATIC tokens at present. The total supply however, is 10.0B tokens.

Where can I buy Polygon (MATIC)?

Polygon (MATIC) can be bought from the following exchanges: DigiFinex, Gemini, Probit, Gate.io. Remember to ensure the credibility of the exchanges before purchasing.

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