Polygon (MATIC) Live Price

Polygon logo
MATICPolygon
$1,003-0.08%
Market Cap
$9,31B
0.17%
Volume (24)
$415 192 520
4.58%
Circulating Supply
9 282 943 600 MATIC
Issue Date
-

Data provided by Coingecko API

MATIC price Statistics

Polygon Price Today

Polygon Price
$1,003

Price Change

$-0,00077027607
0.08%
24h Low / 24h High
$0,997876 / $1,026

Trading Volume

$415 192 520
4.58%
Volume / Market Cap
0,044579937
Market Dominance
0,33416907%
Market Rank
#20

Polygon Supply

Circulating Supply
9 282 943 566,204 MATIC
Total Supply
10 000 000 000 MATIC
Max Supply
10 000 000 000 MATIC

Polygon Market Cap

Market Cap
$9 313 438 800
0.17%

Fully Diluted
Market Cap

$10 032 851 000
0.97%

Polygon Price Yesterday

Yesterday's Low / High
$1,0117036 / $1,014459
Yesterday's Open / Close
$1,014459 / $1,0117036
Yesterday's Change
1.00%
Yesterday's Volume
$592 766 210

Polygon Price History

7d Low / 7d High
$0,95565828 / $1,074973
30d Low / 30d High
$1,0023584 / $1,0654041
90d Low / 90d High
$0,98077179 / $1,074973
52 Week Low / 52 Week High
$0,95565828 / $1,074973
All Time Highdéc. 27, 2021 (2 years ago)
$2,92
65.70%
All Time Lowmai 10, 2019 (4 years ago)
$0,00314376
31718.40%

Data provided by Coingecko API

MATIC to USD converter

Polygon
PolygonMATIC
US Dollar
US DollarUSD

Data provided by Coingecko API

Real-Time Polygon Price Chart (MATIC to USD)

MATICUSD by TradingView

Polygon Exchanges

Exchange
Price
Pair
Spread
24 Volume
Last Traded
Binance
Binance
$1
MATIC/USDT
$0,0001
$71 065 916
Recently
HTX
HTX
$1
MATIC/USDT
$0,000125
$15 688 222
Recently
Coinbase Pro (GDAX)
Coinbase Pro (GDAX)
$1
MATIC/USD
$0,0002
$11 887 691
Recently
Gate.io
Gate.io
$1
MATIC/USDT
$0,0001
$4 341 170
Recently
Kraken
Kraken
$1
MATIC/USD
$0,0001
$4 244 198
Recently
KuCoin
KuCoin
$1
MATIC/USDT
$0,0001
$3 615 595
Recently
Coinbase Pro (GDAX)
Coinbase Pro (GDAX)
$1
MATIC/USDT
$0,002
$425 292
Recently
Binance US
Binance US
$1
MATIC/USDT
$0,0013
$230 503
Recently
Kraken
Kraken
$1
MATIC/USDT
$0,0005
$208 980
Recently
Bitfinex
Bitfinex
$1
MATIC/USDT
$0,0007
$163 471
Recently
Bitfinex
Bitfinex
$1
MATIC/USD
$0,0009
$103 675
Recently
Bitstamp
Bitstamp
$1
MATIC/USD
$0,00068
$0
Recently

Polygon Historical Price Data (USD)

Date
27/03/2024
$1,045682
$0
$1,065404
$1,002358
26/03/2024
$1,044928
$1,045682
$1,074973
$1,032141
25/03/2024
$1,007185
$1,044928
$1,058785
$1,004601
24/03/2024
$0,980001
$1,007185
$1,011624
$0,980001
23/03/2024
$0,970625
$0,980001
$1,00128
$0,964537
22/03/2024
$0,995071
$0,970625
$1,013225
$0,955658
21/03/2024
$1,008758
$0,995071
$1,008758
$0,978422

Data provided by Coingecko API

MATIC Price Live Data

The live price of MATIC is $ 1,003 per (MATIC/USD) today with a current market cap of 9,31B USD. 24-hour trading volume is $ 415 192 520 USD. MATIC to USD price is updated in real-time. Polygon is -0.08% in the last 24 hours. It has a circulating supply of $ 9 282 943 600 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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    Historical Values

    NowExtreme Greed
    80
    YesterdayExtreme Greed
    83
    Last weekGreed
    75
    Last monthExtreme Greed
    82

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