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M. Cap$2.46 T -7.38%24h Vol$169.71 B 66.70%BTC$66,969.01 -5.39%ETH$3,222.82 -8.68%S&P 500$5,122.52 -1.45%Gold$2,344.53 -1.67%BTC Dominance53.63%
  • #18

Polygon MATIC

MATIC Price

$0.7564-14.48%
Price Range--
--

Market Cap 

$7.50 BRank #18

FDV 

$7.56 BRank #32

Investors

Twitter Followers

OverviewExchangesFundraisingVesting

Detailed Performance

SentimentBearish

MATIC shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods

Trading Pair1h24h7d1m3m1y
MATIC/USD
0.49%-14.65%-15.52%-37.18%-12.09%-31.83%
-0.01%-9.61%-14.19%-32.16%-44.04%-69.27%
0.15%-6.35%-12.25%-20.99%-30.36%-59.45%
-0.51%2.51%2.91%-10.93%-21.91%-59.71%
-0.28%-4.75%-9.82%-24.59%-34.18%-61.18%

MATIC to USD Converter

MATIC

Price History

All-Time High
$2.90
3.85x to ATH
All-Time Low
$0.00301
251.30x to ATL
Trade Launch Date
26 Apr, 2019
1813 days ago

Exchanges

Exchanges type

Binance Futures
MATICUSDT
50x
$0.76$590.68 M34.830%Recently
Bybit (Futures)
MATICUSDT
50x
$0.76$228.85 M13.494%Recently
OKX Futures
MATIC-USDT-SWAP
75x
$0.76$194.01 M11.440%Recently
Binance
MATIC/USDT
5x
$0.757$155.32 M9.158%Recently
P2B
MATIC/USDT
$0.7566$63.84 M0.000%Recently

About MATIC

Polygon, formerly known as MATIC, is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. It aims to transform Ethereum into a multi-chain ecosystem by providing secured Layer 2 chains and standalone chains. Polygon works similarly to Ethereum, processing transactions and storing them on a blockchain. However, it uses a faster consensus mechanism called PoS (Proof of Stake) instead of Ethereum's PoW (Proof of Work). Additionally, Polygon utilizes the Ethereum network by putting snapshots of its own blockchain on Ethereum, making the network more secure. It also offers low transaction fees, making it an attractive option for users.

What makes Polygon unique?

Polygon is unique compared to other cryptocurrencies in several ways:
1. Multi-chain ecosystem: Polygon aims to transform Ethereum into a multi-chain ecosystem by providing secured Layer 2 chains and standalone chains. This allows for scalability and improved transaction speeds, making it an attractive solution for dApps and developers.
2. EVM compatibility: Polygon is EVM (Ethereum Virtual Machine) compatible, making it easy for dApps to transition and "upgrade" to Polygon. This compatibility ensures that existing Ethereum projects can easily integrate with Polygon, expanding its adoption and use cases.
3. Fast and low-cost transactions: Polygon processes transactions much faster than Ethereum by utilizing a Proof of Stake (PoS) consensus mechanism instead of Proof of Work (PoW). This results in quicker confirmations and significantly lower transaction fees, making it a more efficient and cost-effective solution.
4. Robust ecosystem: Polygon has been successful in building a thriving ecosystem where dApps can flourish. Its focus on speed, security, and cost of transactions has attracted numerous projects and developers, further enhancing its value and utility.
5. Potential as a scaling solution: With its ability to handle a large number of transactions and offer scalability, Polygon has positioned itself as a leading scaling solution for Ethereum. This provides a practical and viable option for addressing the network's current limitations and congestion issues.
Overall, Polygon's unique combination of multi-chain architecture, compatibility with Ethereum, fast and low-cost transactions, and a growing ecosystem make it stand out among other cryptocurrencies.

Live Polygon Price Data

The current price of Polygon (MATIC) is approximately $0.7564, reflecting a decrease of -14.48% in the last 24 hours. The MATIC trading volume in the last 24 hours stands at $508.93 million. Polygon's market cap is currently $7.50 billion, accounting for about 0.30% of the total crypto market cap. The circulating supply of MATIC is 9.89 billion. 

For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Polygon's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on MATIC, check out our crypto insights page. 

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