Stake Polygon

MATIC Price Live Data

The live Polygon price today is $ 1.16 usd with a 24-hour trading volume of $811 539 088 usd. We update our MATIC to usd price in real-time. Polygon is down -5.08% in the last 24 hours. The current coinmarketcap ranking is #18, with a live market cap of $10 784 365 855 usd. It has a circulating supply of 9 282 943 566 MATIC coins and the max. Supply of 10 000 000 000 MATIC coins.

What Is Polygon (MATIC)?

Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.