$0.2182 USD (0.000002073 BTC)
24H Change: +0.00%
Last Updated: March 24, 2025
Polygon (MATIC) Price Chart (USD)
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Key Information
Contract Addresses
- Ethereum:
0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0 - Polygon:
0x0000000000000000000000000000000000001010 - BNB Smart Chain (BEP20):
0xcc42724c6683b7e57334c4e856f4c9965ed682bd
Current Polygon (MATIC) Price: $0.2182 USD
24H Trading Volume: $1.26 Million
Circulating Supply: 1.76 Billion MATIC
Max Supply: 10 Billion MATIC
What Is Polygon?
Polygon is a decentralized Ethereum scaling platform designed to help developers build secure, scalable, and user-friendly decentralized applications (DApps) with low transaction fees. Its core solution is the Polygon SDK, a modular framework that supports various types of DApps.
👉 Discover how Polygon transforms Ethereum scalability
A Brief History of Polygon
Launched in October 2017 as Matic Network, Polygon rebranded while retaining its native token symbol (MATIC). The team has contributed significantly to Ethereum’s ecosystem, developing tools like Plasma MVP, WalletConnect, and the Dagger notification engine. In 2019, Polygon migrated to its own blockchain.
How Polygon Works
Polygon operates as a Layer 2 scaling solution, simplifying blockchain scalability and accelerating transactions. It uses a customized Plasma framework with Proof-of-Stake (PoS) checkpoints on Ethereum, enabling sidechains to process up to 65,536 transactions per block. These sidechains support Ethereum’s DeFi protocols.
Use Cases for Polygon (MATIC)
- Network Security: MATIC is staked by validators to secure the PoS network.
- Staking Rewards: Validators earn additional MATIC as incentives.
- Gas Fees: MATIC powers transactions within the Polygon ecosystem.
👉 Explore staking opportunities with MATIC
Frequently Asked Questions (FAQs)
1. Which blockchain does Polygon help scale?
Polygon primarily scales Ethereum, enhancing its throughput and reducing fees.
2. Is Polygon (MATIC) a good investment?
While MATIC has utility in scaling Ethereum, always conduct independent research and assess market risks.
3. Who owns Polygon?
Polygon is developed by a decentralized team; no single entity controls it.
4. What wallets support MATIC?
MATIC is compatible with MetaMask, Trust Wallet, and hardware wallets like Ledger.
Detailed Insights on Polygon
- Scalability: Processes thousands of transactions per second.
- Interoperability: Supports cross-chain asset transfers.
- Ecosystem: Hosts major DeFi projects like Aave and SushiSwap.
Related Resources
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MATIC Price Data: Updated in real-time.
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