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Polygon

Polygon

matic

$0.533Price Change 24h: 3.16%Price data by Coingecko logoCoinGecko

Polygon Price Chart

Polygon Price Converter

matic

24-Hour Range

$0.508 $0.533
LowHigh

Market Cap

Rank#26
Market Cap$4.95B
Volume$299.18M

Supply

Circulating9.28B
Total10.00B
Created on01/01/1970

All Time High

ATH$2.92
ATH Change-81.71%
ATH Date12/27/2021

Polygon Price Perfomance

PeriodChange [%]LowHigh
24h3.16%$0.508$0.534
7 days5.26%$0.43$0.492
14 days14.11%$0.43$0.492
1 month-7.73%$0.575$0.581
1 year-28.39%$0.76$0.785

Polygon OHLC

DatePriceNet ChangeChange [%]PriceNet ChangeChange [%]
07/13/2024Close0.5067380.00831.66%High0.509683-0.01-2.62%
Open0.497913-0.02-2.96%Low0.492447-0.0045-0.91%
07/12/2024Close0.498443-0.01-2.81%High0.5233720.00921.79%
Open0.513120.012.44%Low0.496960.00320.64%
07/11/2024Close0.5128530.012.38%High0.5141780.00671.33%
Open0.500896-0.0009-0.17%Low0.493798-0.0002-0.03%
07/10/2024Close0.50095-0.0003-0.07%High0.507433-0.0048-0.95%
Open0.5017710.025.21%Low0.4939640.036.97%
07/09/2024Close0.5012840.025.13%High0.5122780.00531.05%
Open0.476921-0.03-5.92%Low0.461774-0.01-2.92%
07/08/2024Close0.476804-0.03-5.87%High0.506951-0.0010-0.19%
Open0.5069510.048.49%Low0.4756790.00962.06%
07/07/2024Close0.5065450.048.31%High0.5079130.023.14%
Open0.467268-0.03-5.11%Low0.4660680.048.36%

* Price information provided by CoinGecko. Day starts at UTC 00:00

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MATIC (Polygon) Explained:

Polygon was founded as the Matic Network in 2017, and held its initial exchange offering (IEO) on Binance in April 2019. The Matic Network’s mainnet launched in June of 2020, before rebranding to Polygon in February 2021.

In February 2022, Polygon raised a total of $450m from investors including Sequoia Capital, Galaxy Digital, Kevin O’Leary, and Tiger Global. As of 2022, Polygon committed $1 billion of its treasury funds towards Zero-Knowledge (ZK) efforts, including further development of its zkEVM.

1. What is MATIC?

MATIC is the native token of the Ethereum Layer-2 (L2), Polygon. Polygon is a scaling solution run on the Ethereum Virtual Machine (EVM) that provides users with cheaper and faster transactions, while maintaining the security of Ethereum.

2. How does Polygon Work?

Polygon offers a variety of blockchain technologies, including its Proof-Of-Stake (PoS) sidechains, and its zkEVM.

Polygon PoS utilizes sidechains, which are responsible for processing transactions in a high throughput, low latency environment. On the PoS sidechains, the network relies on its independent validators for security.

Polygon zkEVM on the other hand uses ZK Rollups and inherits its security from the Ethereum mainnet by publishing proofs on-chain that validate the off-chain computations.

4. What are the risks of investing in MATIC?

The market for Ethereum Layer-2s is highly competitive, with the top 5 L2s by market cap commanding 80% market share.

Polygon is also dependent on the adoption of Ethereum mainnet. If Ethereum adoption and development slows, the demand for its scaling solutions is likely to fall as well.

5. What are the benefits of MATIC?

MATIC offers a trustworthy scaling solution for the Ethereum network, offering users faster and cheaper transactions than what they would experience on mainnet.

Polygon’s diverse approach to scaling Ethereum allows for a wide range of developers, dApps, and projects to launch on its network.


Latest posts about Polygon

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Polygon Spearheads Next-Gen Loyalty Programs in Collaboration with Google Cloud and Accenture

Polygon Spearheads Next-Gen Loyalty Programs in Collaboration with Google Cloud and Accenture

An integral feature of these reimagined loyalty programs is the creation of a dynamic marketplace that would enable the exchange of rewards.
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Polygon Schedules MATIC to POL Token Migration For September 4

Polygon Schedules MATIC to POL Token Migration For September 4

POL will immediately become the gas and staking token on the Polygon PoS network.
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Polygon Launches Alpha Testnet For STARK-Based L2 Miden

Polygon Launches Alpha Testnet For STARK-Based L2 Miden

Miden seeks to introduce high throughput parallelized execution to Polygon’s line-up of Ethereum scaling solutions.
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Witness Chain Soars Past $5B In Delegated ETH Amid Polygon DePIN Push

Witness Chain Soars Past $5B In Delegated ETH Amid Polygon DePIN Push

Witness Chain is the third-largest AVS on EigenLayer with 1.82 million staked Ether delegated.
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Astar Launches zkEVM Mainnet Boasting Ethereum Interoperability Via Polygon AggLayer

Astar Launches zkEVM Mainnet Boasting Ethereum Interoperability Via Polygon AggLayer

Astar zkEVM is the second chain supporting AggLayer after Polygon zkEVM.
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Polygon's Plan for a Simplified Blockchain Experience

Polygon's Plan for a Simplified Blockchain Experience

Today we are joined by Brendan Farmer, who's the co-founder of Polygon, a project that is focused on scaling Ethereum. Our conversation begins with an exploration of the foundational elements that constitute the Polygon ecosystem.
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Arbitrum DEX Dolomite Launches On Polygon zkEVM

Arbitrum DEX Dolomite Launches On Polygon zkEVM

The protocol supports ETH, USDC, WETH, and MATIC at launch.
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an mage depicting job cuts and restructuring

Polygon Labs Cuts 60 Team Members and Spins-Off Two Units

Founder Sandeep Nailwal said move was necessary to take company back to its "underdog" roots.
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Immutable zkEVM Launches Early Access Phase On Mainnet

Immutable zkEVM Launches Early Access Phase On Mainnet

Whitelisted developers and those buildng on smart contract templates can deploy to the network.
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Onchain Crypto Users Grew By Record 62M in 2023: Report

Onchain Crypto Users Grew By Record 62M in 2023: Report

Ethereum led with 15M acquired users, while Solana picked up 5.6M, according to Flipside Crypto.