Polygon, formerly known as the Matic Network, was created in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal, and Mihailo Bjelic.&nbsp;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.&nbsp;<h2>MATIC price</h2>The MATIC cryptocurrency went live in 2019 — two years after the Polygon network was founded.&nbsp;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 —&nbsp;a 3,070% increase —&nbsp;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.<h2>How MATIC works</h2>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.<h2>MATIC news, updates, and highlights</h2>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 <a href="https://markcubancompanies.com/blockchain/">Cuban's website</a>, Polygon is referred to as “...the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development”.&nbsp;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.&nbsp;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.&nbsp;These positive announcements saw MATIC beating its previous max price by setting a new all-time high of $2.92 on Dec. 27, 2021.<h2>Frequently asked questions about MATIC</h2><ul><li dir="ltr" aria-level="1">Can you mine or stake MATIC?</li></ul>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.<ul><li dir="ltr" aria-level="1">What are some of the best MATIC wallets?</li></ul>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.<ul><li dir="ltr" aria-level="1">What can you do with MATIC?</li></ul>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.<ul><li dir="ltr" aria-level="1">How do you buy MATIC?</li></ul>Polygon (MATIC) can be bought by exchanging your <a href="https://coin360.com/coin/bitcoin-btc" style="">BTC</a>, <a href="https://coin360.com/coin/ethereum-eth" style="">ETH</a>, or <a href="https://coin360.com/coin/tether-usdt" style="">USDT</a> through an exchange like HitBTC, or by using fiat currency on exchanges like Nexo or eToro.

Polygon

BlockchainReporter

Best Cryptos to Buy Today After U.S. Regulation Bill? Qubetics Presale Booms as Tron Follows and OKB Holds Strong

AMBCrypto

Ethena just tumbled 19% – THIS zone may hold the key to ENA’s bounce

Coindesk

JPMorgan's Jamie Dimon Says U.S. Should Stockpile Missiles, Not Bitcoin

TRUMP faces major resistance at $11 – Is whale buying enough to beat bears?

INTO Partners with DotaX to Advance Social Interaction and Gaming in Web3 Landscape

Cointelegraph

 Ethereum&#039;s 55% rally setup vs. Bitcoin sparks ‘altseason’ hopes 

Ondo Finance leads RWAs by 3X TVL growth – Will price follow?

State of Crypto: Someone Tried to Scam Me (Probably)

 Insurance companies race to cover crypto kidnap and ransom risks 

Solana, from FOMO to fallout: What’s next after SOL’s 11.5% drop?

Terminus Forges Alliance with COBOX to Revolutionize Metaverse

 Bitcoin all-time high, five US states enact crypto laws: May in Charts 

COIN360

Coin360 Weekly Dispatch | Crypto Market Updates & Highlights | May 25 - May 31, 2025

TON Falls 7% as Sell-Off Tied to Musk's Dispute of Telegram, xAI Partnership Continues

Chainlink at a key level: Will LINK hold onto $13.40 or crash to $10.40?

XRP Down 4% as Global Economic Tensions Trigger Market Selloff

CLARITY Act takes center stage, throws SEC-CFTC feud into focus

Crypto Market Dips as Tariff Tensions Rise and Investor Sentiment Wavers

 Bitcoin bull run &#039;might be delayed&#039; as $104.5K weekly close becomes key 

AAVE Rebounds From 15% Drop as DeFi Yield Markets Gain Momentum

Trump Blames China for Allegedly Violating Trade Deal, Bitcoin Slides Amid Trade Tensions

Crypto Funds Weekly Recap: Staking ETFs, AI Fund, CRO Filing

TradFi-Crypto Ties This Week: Bank Stablecoins, RWA Tokenization Surge

BNB Down 4% as Global Trade Tensions Overshadow SEC Victory

 IMF raises concern over Pakistan’s Bitcoin mining power plan: report 

This Week’s Smart Money Recap: Strategy, GameStop, Trump Media Go Bitcoin

Solana's SOL Dips 5% Amid Fading Memecoin Trading Activity on Network

This Week’s Global Policy Recap: Bitcoin Bonds, ETF Shifts, and Reserve Moves

This Week’s Legal Shockwaves: Kidnapping, Sanctions, and SEC’s Binance Exit

Arkham Exposes “97% of Strategy’s Bitcoin Wallets” Amid Saylor’s Anti-PoR Remarks

Crypto Bulls Rack up $600M Liquidations as Bitcoin Drops Under $104K

WORLD3AI Collaborates with CARV for AI Agents Powered with Verifiable Intelligence

FTX Begins $5B Stablecoin Payout, Creditor Recovery and Market Reaction Under the Microscope

SEC Greenlights Protocol Staking, REX Shares Pushes for ETH and SOL Staking ETFs

Dogecoin Dives 8%, Pepe Down 12% in Weekend Crypto Sell-Off

WhiteRock crypto surges 56%, but can WHITE deliver long-term gains?

Hyra Network and InterLink Unite to Enhance Human-Centric Web3 Adoption

$99.3M Bitcoin Liquidation Crushes Hyperliquid Whale Amid BTC Price Crash

JPMorgan warns: Ethereum faces flat growth, weak demand post-upgrade

B2B stablecoin payments surge 30x in 2 years: What’s fueling this explosive growth?

Weaver Labs Partners DaGama to Advance Content Monetization via Blockchain and AI

Nulltx

DeFi Roars Back to Life: TVL Soars Past $178 Billion as Market Eyes a New Season

Crypto Market Surges Past $3.5 Trillion as Institutions, DeFi, and Stablecoins Drive a New Era

Coinbase Revives Forgotten Internet Standard with x402: Ushering in the Age of Machine-Native Payments

$20,000 Lost in BSC-USD Address Poisoning Scams: A Sobering Reminder for Crypto Users

Bitcoin Dips 5% from Last Week’s High, But Strong On-Chain Support Near $100K Signals Potential Rebound

Virtuals Daily Recap: AI Agent Sector Sees Pullback as Virtuals Dips Post-Echo Rally

Ethereum Outshines Bitcoin as Exchange Outflows Spike and Whales Move Funds

Pump.fun Sends $25.7M in SOL to Kraken as Transaction Fee Revenue Surges

Revolutionizing digital asset management: Europe’s leading institutions gather in London for two-day AI-Powered masterclass

$99 mln gone – James Wynn crypto liquidation adds pressure to shaky market

Grayscale’s Cardano ETF Face SEC Delay 

 US government urges court to reject Coinbase user’s crypto records fight 

 BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever 

Solana whale dumps grow: Will SOL plunge past $140 support?

NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

Venus Protocol Integrates with Arculus to Secure DeFi Access

 Ethereum&#039;s ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase 

Fake Aramco-XRP Oil Tokenization Document Debunked

 ETH, SOL &#039;very rare&#039; staking ETFs may launch imminently — Analysts 

 Ethereum futures data and network activity growth back ETH’s price strength 

 NYC Comptroller rejects Mayor Adams’s proposal for Bitcoin-backed bonds 

The Block - Crypto

Uphold teases XRP yield and relaunching crypto debit card in US

 FTX starts $5B payouts — Here’s what you need to know 