Polygon (MATIC) Live Price
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Ex: If the price of BTC is currently $20,000 and there are 50,000 BTC available on public exchanges, then the Market Cap of BTC is $1,000,000,000.
Volume of a coin is the total spot trading volume reported by all exchanges over the past 24 hours multiplied by the value of an individual unit of that coin.
Circulating supply is the approximate number of units of a coin that are currently circulating in the market in the hands of the general public.
Release date is when the first tokens of this cryptocurrency were created and made available for mining or whatever other creation mechanism was specified in this token’s blockchain protocol.
MATIC price Statistics
Polygon Price Today
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Polygon Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
Polygon Market Cap
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Polygon Price Yesterday
Polygon Price History
The highest price paid for this asset since it was launched or listed.
MATIC to INR converter
Real-Time Polygon Price Chart (MATIC to INR)
About Polygon
MATIC Price Live Data
The live price of MATIC is INR 74.55 per (MATIC/INR) today with a current market cap of 691.78B INR. 24-hour trading volume is INR 23,109,438,000 INR. MATIC to INR price is updated in real-time. Polygon is -0.96% in the last 24 hours. It has a circulating supply of INR 9,279,469,100 MATIC.
Polygon Coin Price Chart determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, ETH and XRP to USD, EUR, GBP. Conversion rates are based on Live MATIC Price Index and the price indices of other digital assets.
This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice.
What Is Polygon (MATIC)
Polygon, also known as the Matic network, is a pioneer Blockchain project built on the Ethereum main chain as a sidechain. The layer two solutions aim to interlink Ethereum-compatible blockchain and projects.
It ensures that Ethereum-based apps can interoperate among themselves and other Blockchain platforms. It also helps increase the scalability functions of Ethereum, where new features and more people can easily use the platform.
Interoperability: MATIC sidechain allows DApps on the Ethereum ecosystem to interact, share data, and exchange tokens with one another.
The sidechain also helps developers to create and connect their blockchains to make them compatible with Ethereum Blockchain. Thus, building a small Blockchain-based internet in the process.
Project Development: The Polygon PoS Chain has various development frameworks. Polygon SDK, a tool on Polygon Mainnet, helps developers create different types of decentralized applications and smart contracts on the network.
The SDK framework also uses off-chain transaction modules like optimistic roll-up, ZK rollups, and stand-alone chains, which fastens transactions using the Ethereum Mainnet security standard.
Scalability: Polygon introduces a multi-chain system to ensure the scalability and security of the network. It uses a Proof of Stake consensus algorithm facilitated by the Plasma Framework. Its network of Proof of Stake validators confirms transactions and adds new blocks to the Blockchain. In the process, they earn MATIC tokens. The network can process up to 65,000+ transactions per second.
The Plasma-PoS combo also ensures that the Polygon network can adjust to every scalability demand. That is otherwise non-existent in Proof of Work systems. The core technology is easily expandable to satisfy new developer needs, new feature sets, and a larger community. It can also house as many Dapps as possible without any side effects. Today, over 37,000 dApps sit on Polygon.
History
Indians; Anurag Arjun, Jaynti Kanani, and Sandeep Nailwal launched Polygon in 2017. It was first known as the MATIC network before being changed to Polygon in 2021. After the 2021 rebranding, the network changed its scaling method to an Ethereum-based interoperable sidechain. Which stays on Ethereum's current basic blockchain layer
While Anurag was a business consultant, his co-founders were Blockchain developers. Jaynti previously worked with Ethereum. And he was a prominent team member that installed the Web3, WalletConnect protocol, Plasma, and Dagger event notification engine on Ethereum. Sandeep and Anurag also had stints with various top companies.
Polygon also had its fair share of advisors. Ethereum co-founder Vitalik Buterin proposed using the Plasma Framework to enhance the network's scalability. EthHub co-founder; Anthony Sassano and former member of the Ethereum Foundation; Hudson Jameson, were also well-known advisers to the project.
How To Use Polygon
Polygon allows interoperability between Ethereum and decentralized applications. However, it's essential to use a compatible dApp that can easily connect to Polygon without charging extra fees. Decentralized financial applications like Aave, SX Bet, Curve, ApeSwap, and Dawnstar Finance are compatible with Polygon.
Bridging is easy once you have a Polygon-compatible wallet like Metamask or Coinbase Wallet. You can choose Polygon bridge on these cryptocurrency wallets and link your Ethereum assets accordingly.
After bridging, you can easily deposit Ethereum token or ERC-20 tokens from your Ethereum Mainnet to Polygon Blockchain. Here is a quick guide to bridging your network and transferring funds.
- Login to your Polygon web wallet
- Connect your crypto wallet (Coinbase Wallet/ Metamask) to your Polygon
- Move tokens from your Ethereum to Polygon via a Polygon bridge
- Confirm the transaction.
Read more on how to move funds here.
MATIC Asset Price
MATIC cryptocurrency is Polygon's native token based in the Ethereum ecosystem. The token was launched in 2019, two years after the kickstart of the MATIC foundation. The project got its first funding via a crypto exchange launch on Binance. Its initial Exchange Offering (IEO) earned the project more than $5 million.
The initial token distribution went as follows
- 3.8% of the total coin went for Initial private sale, which was sold in 2017
- 19% of the total token went to IEO sale on Binance Launchpad:
- Polygon Team got 16%
- Polygon Advisors got 4%
- 12% of the total token went to network operators and stakers
- 23.33% funded the ecosystem to support the MATIC project
- Polygon Foundation, which ensures ecosystem development got 21.86% of the total MATIC coin.
At $0.00263, the initial supply of MATIC when starting was 3.23 billion tokens. MATIC tokens are released monthly with a maximum supply of 10 billion tokens. The token rise to an all-time high price of $2.92 in 2021. However, its price had been under $0.04 for two years prior.
According to the 3commas rate converter page, MATIC costs $0.856223 today. It has a market cap of $6.35 billion, ranking 12th amongst all cryptocurrencies. It had a 24-hour trading volume of $457,574,120 and a total supply of 7,441,499 in circulation.
Where Can I Buy MATIC
MATIC is a frontline ecosystem token that adds innumerable value to Ethereum. It makes Ethereum functions more scalable while providing an alternative to creating smart contracts. Thus, it has a wide usage among decentralized applications, especially Defi platforms. Therefore, top-end cryptocurrency exchanges support trading MATIC. They include
- Binance
- Bitstamp
- KuCoin
- OKX
- Uphold
- Kraken
- CoinEX
- Huobi Global
- Nexo
- UPbit
- Crypto.com etc.
You can check MATIC's live price on our exchange rate converter page. It allows you to compare MATIC tokens with a range of popular crypto and fiat currencies. Which, in turn, helps you make an informed buying decision.
What Makes Polygon Unique?
Polygon is highly interoperable and scalable, a glaring deficiency in first-generation blockchains like Bitcoin and Ethereum. Plus, it offers an inexhaustible work tool for developers to create high-performance and scalable smart contracts.
The network is very accessible, flexible, and intuitive. It fully supports Ethereum Virtual Machine (EVM) and uses a Solidity programming language to build solutions. Connected systems enjoy full interoperability with Ethereum using either Polygon's security protocol or their native security standard.
We're in an age of rapid development in technology. Polygon has an encompassing and dynamic scaling model that makes it adapt to every technological advancement. Thus, the network isn’t at risk of getting outdated anytime in the future.
What is more, Polygon supports only Ethereum base chains. But when the Polygon community votes in favor of the idea, the network plans to provide support for base chains on other networks. This will make Polygon even more relevant among different blockchain projects
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FAQ
Actual price of Polygon to Indian Rupee now is INR 74.55
Polygon ticker is MATIC
You can buy Polygon on any exchange or via p2p transfer. And the best way to trade Polygon is through a 3commas bot.
You should not expect to get rich with Polygon or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.
You should not expect to get rich with Polygon or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.
Polygon (MATIC) hit another all-time high over INR 219.06 in 27.12.2021.
Polygon Market Cap is at a current level of 691.78B, down from 698.94B yesterday. This is a change of -1.03% from yesterday.
Latest 24-hour trading of Polygon (MATIC) is INR 23,109,438,000.
The current circulating supply of Polygon is INR 9,279,469,100 with the maximum amount of INR 10,000,000,000.
Polygon current Market rank is #10. Popularity is currently based on relative market cap.
