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Polygon (MATIC) is a cryptocurrency launched in 2019. MATIC has a current supply of 10.00Bn with 9.91Bn in circulation. The last known price of MATIC is 0.574400802388 USD and is 0.028254694611 over the last 24 hours. It is currently trading on active market(s) with $317.51M traded over the last 24 hours. More information can be found at https://polygon.technology/.

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MATIC Price Statistics
MATIC’s Price Today
24h Price Change
24h Volume
24h Low / 24h High
$0.76507691 / $0.80196295
Volume / Market Cap
Market Dominance
Market Rank
MATIC Market Cap
Market Cap
Fully Diluted Market Cap
MATIC Price History
7d Low / 7d High
$0.67407435 / $0.87753071
All-Time High
$2.92Dec 27, 2021
All-Time Low
$0.00301155May 10, 2019
MATIC Supply
Circulating Supply
Total Supply
Max Supply
Updated Jun 19, 2024 9:10 pm
Mkt Cap $5.69Bn
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Frequently Asked Questions

  • What Is Polygon (MATIC)?

    Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

    To learn more about this project, check out our deep dive of Polygon Matic.

    Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.

    Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.

    The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

    Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

    Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

    Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

    Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

    The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.

    MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.

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  • Who Are the Founders of Polygon?

    Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant.

    Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum.

    The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon.

    Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com.

    Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group.

    Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies.

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  • What Makes Polygon Unique?

    Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions.

    Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block.

    Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem.

    While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would make Polygon an interoperable decentralized Layer 2 blockchain platform

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  • How Many Polygon (MATIC) Tokens Are There in Circulation?

    MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.

    At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold. The MATIC price was $0.00263 per token, and $5 million was generated.

    The remaining MATIC tokens are distributed as follows:

    • Team tokens: 16 percent of the total supply.
    • Advisors tokens: 4 percent of the total supply.
    • Network Operations tokens: 12 percent of the total supply.
    • Foundation tokens: 21.86 percent of the total supply.
    • Ecosystem tokens: 23.33 percent of the total supply.

    According to the release schedule, all the tokens will be released by December 2022.

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  • How Is the Polygon Secured?

    As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return.

    Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards.

    In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using checkpoints and fraud-proof mechanisms.

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  • Where Can You Buy Polygon (MATIC)?

    Being one of the projects that contributed a lot to the development of the Ethereum ecosystem, MATIC is popular among online exchanges focused on DeFi. The top exchanges where you can buy, sell, and trade MATIC currently are:

    To check Polygon price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Polygon price page. Alternatively, use the dedicated exchange rate converter page. Popular MATIC price pairs include: MATIC/USD, MATIC/GBP, MATIC/AUD, MATIC/EUR and MATIC/JPY.

    If you are new, you can find our simplified guide for purchasing crypto, project deep dives and more educational content on CoinMarketCap Alexandria.

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  • What is the all-time high price of Polygon (MATIC)?

    The all-time high of MATIC was 2.92 USD on 2021-12-27, from which the coin is now down 80.32873964424658%. The all-time high price of Polygon (MATIC) is 2.92. The current price of MATIC is down 80.32873964424658% from its all-time high.

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  • How much Polygon (MATIC) is there in circulation?

    As of , there is currently 9.91Bn MATIC in circulation. MATIC has a maximum supply of 0.

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  • What is the market cap of Polygon (MATIC)?

    The current market cap of MATIC is 5.69Bn. It is calculated by multiplying the current supply of MATIC by its real-time market price of 0.574400802388.

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  • What is the all-time low price of Polygon (MATIC)?

    The all-time low of MATIC was 0.00301155 , from which the coin is now up 18973.26135671%. The all-time low price of Polygon (MATIC) is 0.00301155. The current price of MATIC is up 18973.26135671% from its all-time low.

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  • Is Polygon (MATIC) a good investment?

    Polygon (MATIC) has a market capitalization of $5.69Bn and is ranked #24 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Polygon (MATIC) price trends and patterns to find the best time to purchase MATIC.

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