Key Metrics
Polygon Price
Change 1w
24h Volume
Market Cap
Circulating Supply
9,080,469,069 90.80%
Historical prices (in USDT)
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Polygon (MATIC)

A Layer-2 platform for Ethereum scaling and Web3 infrastructure development.

Polygon (MATIC) Fact Sheet

  1. Polygon is a platform for Ethereum scaling and web3 infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more.
  2. Polygon (MATIC), previously known as the Matic Network, is a platform created as a Layer-2 solution to help scale Ethereum (ETH) and enhance its overall infrastructure for development.
  3. One of the core components surrounding Polygon is the Polygon SDK, a modular, flexible framework that allows developers to create different types of decentralized applications (dApps).
  4. Using the Polygon (MATIC) network, developers can create optimistic rollup chains, ZK Rollup chains, or any other infrastructure required for specific developments.
  5. The key issues that Polygon aims to tackle are transaction speed and the lack of community governance found within the Ethereum blockchain.
  6. The native cryptocurrency token used across the Polygon network is the MATIC token, and it is used as a means of payment for the transaction fees. It can be earned by those providing computational power to the Polygon network and validating transactions or executing smart contracts.
  7. Polygon Technology is a private IT company headquartered in Bengaluru, Karnataka, India.  Its scaling solutions have widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, ~130M+ unique user addresses, and $5B+ in assets secured.

Polygon Historical Data Price Chart in the U.S. Dollars (USD)

Polygon Historical Data Price Chart in the U.S. Doll

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Polygon info
Last Update3/27/2023