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Polygon price, market cap on Coin360 heatmap

Polygon(MATIC)

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$1.1213
(1.85%)
0.00001683 BTC
Market Cap (Rank#15)
$11,099,866,944
166,631 BTC
Vol 24h
$658,259,397
9,882 BTC
Circulating Supply
9,899,164,996.49
Max Supply
10,000,000,000
4 days agocoindesk
StarkWare Unveils New 'Stwo' Cryptographic Prover That's 'Blazingly Fast'
The upgraded prover should lead to faster and cheaper transactions, according to StarkWare. The news comes just a week after StarkWare and Polygon announced Circle STARKS, a new type of cryptographic proof.
8 days agonulltx
Top Crypto Experts Predicts $0.0091 Defi Token To Emerge As The Advanced Polygon (MATIC)
Option2Trade (O2T) stands at the precipice of a new era in DeFi and blockchain technology. With its advanced A.I. capabilities, comprehensive asset offerings, and a steadfast commitment to liquidity and decentralization, Option2Trade (O2T) is not just challenging existing platforms like Polygon (MATIC); it’s setting the stage for the next revolution […]
10 days agonulltx
Unlocking the Potential: Meme Moguls (MGLS) A Deep Dive into the 500% Surge Potential with Avalanche (AVAX) and Polygon (MATIC)
Let’s delve into how the synergy between Meme Moguls and blockchain giants Avalanche and Polygon could spark a monumental surge in the meme coin market, heralding a new era of growth. Avalanche (AVAX) Integration: A Catalyst for Growth Avalanche, a platform known for its rapid transaction speeds and low fees, […]
11 days agonulltx
Polygon (MATIC) and Render Token (RNDR) Prices Soar As Meme Moguls (MGLS) Raises Nearly $2.5M in Presale Frenzy
In the current meme coin market, the hottest topic is Meme Moguls (MGLS) and its stellar presale performance. This Stage 5 presale star has already obtained close to $2.5M while also being pegged as the next 100x meme coin in 2024. Meanwhile, Polygon (MATIC) and Render Token (RNDR) also show […]
12 days agocoindesk
Polygon, StarkWare Tout New 'Circle STARKs' as Breakthrough for Zero-Knowledge Proofs
Circle STARKs are supposed to accelerate the proving process for zero-knowledge rollups, according to a white paper published by Polygon Labs and StarkWare.
12 days agocoindesk
New Technology Will Have Institutions Lining Up for Crypto
The zero-knowledge Ethereum Virtual Machine enables real world asset tokenization on a far greater scale, says Colin Butler at Polygon Labs.
12 days agonulltx
Altcoin Surge: 2024 Highlights Meme Moguls (MGLS) Is Leading The Pack with Polygon (MATIC) and Chainlink (LINK)
As the crypto landscape continues to evolve, 2024 is shaping up to be a year of significant advancements and surges within the altcoin domain, particularly highlighting the robust performances of Meme Moguls (MGLS), Polygon (MATIC), and Chainlink (LINK).  Polygon (MATIC) Ascends with Strategic Developments Polygon (MATIC) has been on a […]
13 days agonulltx
Polygon MATIC Experiences Range-Bound Trading Amidst Selling Pressure
Today, Polygon MATIC token is exhibiting a range-bound behavior, encountering slight selling pressure in the early trading hours. The selling pressure emanated from reports provided by Spotonchain, indicating that Wallet 0xa31, associated with the Hermez Network, deposited 3 million MATIC tokens ($2.85 million) to Kraken at an average price of $0.95 […]
16 days agonulltx
POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 17) – Matic Faces Crucial Resistance After Surge, Can It Breakthrough?
Following a nice bounce above the $0.80 range last week, Matic increased by another 15% this week to reclaim a key resistance level. The price is currently stuck as it negotiates for the next major move. Matic’s recovery has been impressive over the past weeks following a sharp bounce off […]
16 days agonulltx
PEPE PRICE ANALYSIS & PREDICTION (February 17) – Pepe Rejects Crucial Resistance After Two-Week Bounce, Can It Breakthrough? 
Pepe has demonstrated bullish signs following a dramatic 30% increase over the past two weeks. However, it just encountered a crucial resistance and primes to break out of its two-month bearish phase. Following a breakdown to a low of $0.00000087 this month, Pepe established support there and started to increase. […]
17 days agonulltx
Experts Compare Decentralization of Cardano (ADA) and Polygon (MATIC) While Evaluating Meme Moguls (MGLS)
The blockchain industry continues to evolve, with decentralization at the core of its ethos. In this context, the decentralization aspects of Cardano (ADA) and Polygon (MATIC) offer a glimpse into the future of blockchain technology. Meanwhile, the emergence of projects like Meme Moguls (MGLS) highlights the innovative and community-driven approaches […]
19 days agonulltx
Polygon Foundation Wallet Moves 9 Million MATIC Tokens To Binance, Prompting Market Interest
In a surprising turn of events, a wallet associated with the Polygon Foundation recently transferred 9 million MATIC tokens to Binance, one of the leading cryptocurrency exchanges, sparking significant attention within the crypto community. According to insights from analytics firm Spotonchain, Wallet 0x57f, which is linked to the Polygon Foundation, […]
21 day agonulltx
POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 12) – Matic Sustains Recovery Amid Latest Market Evaporation, Up 10% In Three Weeks
Matic has seen a nice recovery after witnessing a serious meltdown in the last couple of weeks. It resurged this month to a three-week high after registering a 5% increase in a week. The bulls appeared back! Last month saw Matic through several drops in the first month of the […]
25 days agocoindesk
Polygon Releases 'Type 1 Prover,' Claiming Milestone Set by Ethereum's Vitalik Buterin
The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to "all of the liquidity and value on Ethereum itself,” Polygon said.
26 days agocoindesk
Social App Friendzone to Start Operations on Polygon Network This Month
Friendzone was built by early team members from Band Protocol, Synthetix and Koinly and targets the social application space.
27 days agocryptodaily
Polygon (MATIC) Holders Are Moving To Pandoshi (PAMBO)
In the dynamic world of cryptocurrency, shifts in investor allegiance are not uncommon, especially as new projects emerge with promising features and potential.
27 days agocryptodaily
This New Crypto Challenges Cardano (ADA) And Polygon (MATIC) in 2024
As the cryptocurrency market continues to expand, a new contender has emerged on the horizon,
27 days agocryptodaily
Pandoshi (PAMBO) Can Be The Next Polygon (MATIC)
In the dynamic world of cryptocurrency, where innovation leads the charge, a new player, Pandoshi (PAMBO),
27 days agocryptodaily
This Polygon (MATIC) Rival Can Give 100x Returns in 2024
The crypto market has no shortage of layer 2 scaling solutions aiming to solve Ethereum’s scalability woes.
28 days agocryptodaily
Pandoshi (PAMBO) Captures DeFi Whales, Surpassing Polygon (MATIC) and Cardano (ADA)
The decentralized finance (DeFi) market is filled with excitement over the newly launched Pandoshi (PAMBO) project. With innovative features and strong tokenomics, Pandoshi seems poised to attract major DeFi whales and establish itself as a leading ecosystem. But how does it compare to existing giants like Polygon (MATIC) and Cardano (ADA)?
29 days agocryptodaily
Polygon (MATIC) killer token priced at a mere $0.1 can flip your $1000 into $150,000 in 2024
Prepare for a financial revolution as Retik Finance (RETIK) emerges as the dark horse in the crypto arena, priced at an electrifying $0.1!
30 days agocryptodaily
Retik Finance (RETIK) at $0.1 Emerges as a Safe Haven for Polygon (MATIC) and Cardano (ADA) Holders Dealing With Losses
Amid a bear market in the cryptocurrency industry, where prices are falling and confidence is dwindling, two once-prominent players,
31 day agocryptodaily
Polygon (MATIC) and NEAR Protocol (NEAR) Ripe For Plunder: Pushd (PUSHD) Insane Market Surge Explained
In the dynamic realm of cryptocurrency where titans like Polygon (MATIC) and NEAR Protocol (NEAR) have long reigned, a new contender Pushd (PUSHD)
31 day agocryptodaily
Presale, Pushd’s (PUSHD) presale stage 4 still available as SUI (SUI) investors lump in big, amid Polygon (MATIC) future
Pushd (PUSHD) is taking over the blockchain economy and investors and investors are more than happy to let it.

About Polygon?

The live price of Polygon (MATIC) today is 1.1213 USD, and with the current circulating supply of Polygon at 9,899,164,996.49 MATIC, its market capitalization stands at 11,099,866,944 USD. In the last 24 hours MATIC price has moved ? USD or 0.00% while ? USD worth of MATIC has been traded on various exchanges. The current valuation of MATIC puts it at #15 in cryptocurrency rankings based on market capitalization.

Learn more about the Polygon blockchain network and how it works or follow the price of its native cryptocurrency MATIC and the broader market with our unique COIN360 cryptocurrency heatmap.

Polygon, formerly known as the Matic Network, was created in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal, and Mihailo Bjelic. 

The project was designed to solve the various issues plaguing the Ethereum network (speed, cost, low throughput, etc.) and aims to provide a simpler framework for creating interconnected networks that improve Ethereum's scalability, efficiency and functionality without compromising on security.

The Matic Network was rebranded to Polygon in February 2021, but its native token is still referred to as MATIC. The network is classified as a Layer-2 solution for Ethereum and operates as a sidechain to improve speed and reduce the cost of transactions.

In 2021 Polygon launched Polygon Studios, a subsidiary of Polygon which focuses on non-fungible tokens (NFTs) and blockchain gaming.

Jaynti Kanani, who came up with the original idea for Polygon, serves as CEO of Polygon, with Ryan Watts resigning as Youtube's head of gaming to fill in the position of CEO at Polygon Studios in January 2022. 

MATIC price

The MATIC cryptocurrency went live in 2019 — two years after the Polygon network was founded. 

MATIC price in USD terms saw steady growth during 2020, but its biggest spikes came during 2021. According to our MATIC live price chart, the token went from under $0.02 to over $0.54 — a 3,070% increase — between Jan. 1 and March. 11, 2021.

The next big jump in the price of MATIC was seen between April. 18 and May. 18, 2021, where it went up more than 900% to set a new all-time high price of $2.7.

However, MATIC/USDT price fell sharply along with the entire crypto market in July of 2021, where it traded at $0.62 at the lowest point.

MATIC was seen gaining traction again in October of the same year, and after some price volatility, it managed to set another all-time high in December 2021, trading just above $2.92. At that point, MATIC’s fully diluted valuation reached $292 billion.

How MATIC works

Polygon is a Layer-2 network, which works alongside the Ethereum blockchain as a sidechain. Sidechains take a lot of the load off the main chain by processing transactions internally and only broadcasting snapshots to the original blockchain.

For developers, Polygon provides ease of migration by supporting EVM (Ethereum Virtual Machine), which allows code from Ethereum DApps to be seamlessly deployed on Polygon.

Unlike Ethereum, however, Polygon uses the proof of stake (PoS) mechanism where validators can stake MATIC tokens to validate transactions and upgrades.

MATIC news, updates, and highlights

Polygon saw a lot of success in early 2021 when the crypto market as a whole was peaking. In May 2021 U.S. billionaire Mark Cuban made an investment in Polygon, adding the India-based blockchain company to his portfolio. On Cuban's website, Polygon is referred to as “...the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development”

While the crypto market slumped by mid-year, MATIC's value soared again in December when the company announced that it would be unveiling a new Javascript library, dubbed MATIC.js. This pushed MATIC price to $2.4, setting a new six-month high. 

In December 2021, Polygon and Wanchain announced a strategic partnership to build a Layer-2-to-Layer-2 cross-chain bridge. By the end of December, Uniswap, one of the leading decentralized exchanges on Ethereum, had also launched a version on the Polygon network. This allowed users to swap tokens on Uniswap via the Polygon Layer-2 network, benefiting from cheaper and faster transactions. 

These positive announcements saw MATIC beating its previous max price by setting a new all-time high of $2.92 on Dec. 27, 2021.

Frequently asked questions about MATIC

  • Can you mine or stake MATIC?

Since MATIC is a Proof-of-stake (PoS) token you cannot mine it. Instead, validators can set up nodes on the MATIC network and collect transaction verification rewards.

  • What are some of the best MATIC wallets?

MATIC is supported by a variety of wallets, Trust Wallet and MetaMask being the more popular web wallets, and Ledger and Trezor among the best hardware wallets.

  • What can you do with MATIC?

You can use MATIC for staking and paying for transaction fees or use it to govern and secure the Polygon network. MATIC can also be used to trade against other cryptocurrencies like Bitcoin and Ethereum.

  • How do you buy MATIC?

Polygon (MATIC) can be bought by exchanging your BTC, ETH, or USDT through an exchange like HitBTC, or by using fiat currency on exchanges like Nexo or eToro.

Polygon Price1.1213 USD
Market Rank#15
Market Cap11,099,866,944 USD
24h Volume658,259,397 USD
Circulating Supply9,899,164,996.49 MATIC
Max Supply10,000,000,000 MATIC
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