Name: Polygon
SKU: MATIC
Price: 0.686257545256 USD

Polygon (MATIC) is an interoperability layer-2 scaling solution for building Ethereum-compatible blockchains. In essence, the Polygon network acts as an add-on layer to Ethereum that does not change the original layer. It is a multi-level platform from which interoperable blockchains can be launched. It seeks to improve the scalability of Ethereum via a plethora of sidechains, and at the same time reduce gas fees associated with the original blockchain.&nbsp;&nbsp;The MATIC token is used for blockchain governance, staking, and gas fees via a Proof-of-Stake consensus mechanism.<h3>What are MATIC key features and how does it work?</h3>As mentioned, Polygon uses a PoS mechanism to secure the network. Validators on the network stake their MATIC tokens as collateral in order to become part of the PoS consensus mechanism. Validators receive MATIC tokens in return.Polygon deploys what is known as PoS ‘checkpointing’ to improve transaction speed. PoS ‘checkpointing’ essentially means that consensus is ensured by a selected team of block producers. Block producers are appointed to a predetermined checkpoint by stakers and allow the system to form blocks at a rapid pace. At the same time, decentralization is maintained by delegating PoS checkpoints to the main chain which is initially, Ethereum.&nbsp;Polygon’s architecture is also fundamental to its operations. The Polygon software development kit (SDK) is used by developers to build Ethereum-compatible decentralized applications as sidechains and connect them to the main blockchain.The first is the Polygon networks layer, which is the ecosystem of blockchain networks built on Polygon, it adds the Proof-of-Stake layer to the network. Each of the blockchains built on Polygon has its own community and is responsible for handling its consensus and block production.The second is the Execution layer, which is Polygon's Ethereum Virtual Machine (EVM) implementation used for executing smart contracts.Chains launched on Polygon can communicate both with one another and with the Ethereum main chain thanks to Polygon's arbitrary message passing capabilities. Sidechains can be built using one of the following scalability methods:Plasma Chains: These work by grouping transactions into blocks, which are then sent in a submission on the Ethereum blockchain via Plasma bridges;zk-Rollups: These allow multiple off-chain transfers to be grouped into one transaction;Optimistic Rollups: These work in the same way as Plasma Chains, but are also capable of scaling Ethereum smart contracts and facilitating near-instant transactions.The MATIC token functions as Polygon’s utility token. It is used for network participation via governance by voting on Polygon Improvement Proposals, contributing to security with staking, and paying gas fees. Matic tokens are released into the market every month, with the maximum supply capped at 10,000,000,000.<h3>What can Polygon be used for?</h3>Using Polygon’s framework, developers can create preset blockchain networks with characteristics tailored to their specific needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.&nbsp;Polygon is also compatible with the Ethereum Virtual Machine, therefore developers with knowledge of Ethereum’s Solidity will have less of a learning curve to create decentralized applications.At present, the platform has been used to launch projects in DeFi and gaming, as well as for lending platforms and transferring payments.In general, the “thing” about Polygon is that it is an Ethereum clone for people who are willing to sacrifice security for cheap transactions.<h3>Where can you buy MATIC?</h3>Polygon is available on the CEXs and DEXs as listed <a href="https://cryptorank.io/price/matic-network/exchanges" rel="noopener noreferrer" target="_blank">here.</a>

Whitepaper

Mint Free HyperLane NFT

Ecosystem

Foundation

Main Sale

Team

Advisors

 Seed

Early Supporters

Polygon (MATIC) is an interoperability layer-2 scaling solution for building Ethereum-compatible blockchains. In essence, the Polygon network acts as an add-on layer to Ethereum that does not change the original layer. It is a multi-level platform from which interoperable blockchains can be launched. It seeks to improve the scalability of Ethereum via a plethora of sidechains, and at the same time reduce gas fees associated with the original blockchain.&nbsp;&nbsp;The MATIC token is used for blockchain governance, staking, and gas fees via a Proof-of-Stake consensus mechanism.<h3>What are MATIC key features and how does it work?</h3>As mentioned, Polygon uses a PoS mechanism to secure the network. Validators on the network stake their MATIC tokens as collateral in order to become part of the PoS consensus mechanism. Validators receive MATIC tokens in return.Polygon deploys what is known as PoS ‘checkpointing’ to improve transaction speed. PoS ‘checkpointing’ essentially means that consensus is ensured by a selected team of block producers. Block producers are appointed to a predetermined checkpoint by stakers and allow the system to form blocks at a rapid pace. At the same time, decentralization is maintained by delegating PoS checkpoints to the main chain which is initially, Ethereum.&nbsp;Polygon’s architecture is also fundamental to its operations. The Polygon software development kit (SDK) is used by developers to build Ethereum-compatible decentralized applications as sidechains and connect them to the main blockchain.The first is the Polygon networks layer, which is the ecosystem of blockchain networks built on Polygon, it adds the Proof-of-Stake layer to the network. Each of the blockchains built on Polygon has its own community and is responsible for handling its consensus and block production.The second is the Execution layer, which is Polygon's Ethereum Virtual Machine (EVM) implementation used for executing smart contracts.Chains launched on Polygon can communicate both with one another and with the Ethereum main chain thanks to Polygon's arbitrary message passing capabilities. Sidechains can be built using one of the following scalability methods:Plasma Chains: These work by grouping transactions into blocks, which are then sent in a submission on the Ethereum blockchain via Plasma bridges;zk-Rollups: These allow multiple off-chain transfers to be grouped into one transaction;Optimistic Rollups: These work in the same way as Plasma Chains, but are also capable of scaling Ethereum smart contracts and facilitating near-instant transactions.The MATIC token functions as Polygon’s utility token. It is used for network participation via governance by voting on Polygon Improvement Proposals, contributing to security with staking, and paying gas fees. Matic tokens are released into the market every month, with the maximum supply capped at 10,000,000,000.<h3>&nbsp;What can Polygon be used for?</h3>Using Polygon’s framework, developers can create preset blockchain networks with characteristics tailored to their specific needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.&nbsp;Polygon is also compatible with the Ethereum Virtual Machine, therefore developers with knowledge of Ethereum’s Solidity will have less of a learning curve to create decentralized applications.At present, the platform has been used to launch projects in DeFi and gaming, as well as for lending platforms and transferring payments.In general, the “thing” about Polygon is that it is an Ethereum clone for people who are willing to sacrifice security for cheap transactions.<h3>Where can you buy MATIC?</h3>Polygon is available on the CEXs and DEXs as listed <a href="https://cryptorank.io/price/matic-network/exchanges" rel="noopener noreferrer" target="_blank" style="color: rgb(63, 81, 181);">here.</a>

Polygon

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks

Stay up to date with your assets.

Stay on top of the market by creating customized alerts sent directly to your Telegram or email.

Choose your Alert type

Add New {name} Alert

Edit {name} Alert

Alert me {freq} when {trackedItem} {condition}.

price{onExchange} is >= {currency}{value1} or <= {currency}{value2} or 24h trade volume increased by {volume}%

price{onExchange} is >= {currency}{value1}

price{onExchange} is <= {currency}{value1}

price{onExchange} is >= {currency}{value1} or <= {currency}{value2}

24h trade volume{onExchange} increased on {value1}%

Please connect your account to our Telegram bot to receive notifications

New price alert added

Total raised in USD value and total number of IDO/ICO/IEOs by month

Total raised in USD value and total number of IDO/ICO/IEOs by week

Total Raise and Number of Public Sales

Monthly raise and number of token sales including private rounds

Weekly raise and number of token sales including private rounds

Fundraising Activity

Token Sale Categories by Month

Top Launchpads Ranked by Average ROI

Funds Raised on Public Rounds by Blockchain

Number of Token Sales (IDO/IEO/ICOs) by Launchpad and Category

Top 15 Launchpads Ranked by Funds Raised

Number of Public Token Sales by Type

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

This widget provides information about the blockchains with the highest growth or decline in TVL for the selected timeframe.

~ On {finalDate} the block reward will be reduced from 3.125 Bitcoin per block to 1.5625 Bitcoin per block

{name} Halving Price Prediction

{name} {type}

Funds and Backers

{value} Details

{fundingRound} {firstAnd} {value} {secondAnd} {launchpools}

To Be Announced

{name} Price $ {price}

{name} ({symbol}) Price $ {price}

{coinName} Price Today

{name} News

The {name} to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

{name} price Index provides the latest {symbol} price in US Dollars {delimiter} {btc_eth} using an average from the world's leading crypto exchanges.

supply of {name} that will ever be issued is {value} {of}

The current circulating supply of {name} is {availableSupply} {currencyType}, and the maximum supply of {symbol} is unlimited. 

Choose a convenient way to connect your EVM wallet.

Cryptocurrencies

Fiat Currencies

This widget provides information on the current total value locked (TVL) in the major DeFi protocols on the top 10 blockchains.

Tiers are assigned to funds according to the following quantitative and qualitative indicators: AUM, the weighted average of a fund’s projects’ quality (market capitalization, trading volume, ROI), fund management, media sentiment, experience, popularity, etc. The tier ranking does not in any way represent the forecasts, estimates, projections, or predictions of the Company or its management.

Score generated by TwitterScore.io based on the popularity of this account in crypto space

{exchangeName} {coinSymbol} Futures Total Open Interest & Volumes

{exchangeName} {coinSymbol} Futures Daily Market Share %

Here you can find a token or a trading pair on decentralized exchanges

DEX Exchanges by Aggregated {interval} Volumes

Due to the increasing number of fraudulent Discord servers, always double-check the authenticity of every Discord server through the project's website or other reliable sources. Do not sign suspicious transactions and do not share your private key with anyone.

It looks like the page you're looking for does not exist.

The requested page was not found

Exchanges Analytics

Share exchanges analytics

Do you have some feedback?

Use filtering to find the cryptocurrencies you need

{followersNumber} {entityName} Followers

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Projects which received investments from {name}

Total funds raised and total number of funding rounds by month

Total funds raised and total number of funding rounds by week

Crypto Fundraising Trend

Create your Preset using Filter settings.

HeatMap

Share market state

Color represents price change. Size represents market cap.

All cryptocurrencies

Analyze the historical total value locked (TVL) change of the top 10 blockchains. By changing the timeframe you can get detailed information for the desired period.

The Rank is calculated as TGE Number weighted average ROI. In more detail, the rank is calculated as the ratio of the average ATH and Current ROI of all TGEs conducted on the particular platform to the total number of TGEs conducted on the fundraising platform.

Only TOP 10 by ROI platforms with at least {count} IDOs conducted are shown in the report.

Where number in brackets (NUM) shows number of IDOs conducted.

Only platforms with at least {count} IEOs conducted are shown in the report. Where (NUM) - number of IEOs conducted in braces

Most Volatile

Unusual Volume

New High (ATH)

New Low (ATL)

Top Gainers

Top {coins} {type} with more than USD {volume} total volume over the last {period}

Top Losers

{name} Launchpad

Selected Layout Settings

Please choose metrics to view from the list below

You can spend your Spaceships on NFTs, discounts, or promo codes

Complete daily quests to earn more Spaceships

Get Daily Bonus

Check-in everyday and complete tutorial and daily tasks to get maximum Spaceships

or download our APK

Scan QR code to get download link specifically for your mobile platform

Mobile CryptoRank App

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Select Websites channels that you want to add to Cryptonews feed

Select Sources

Related News

Search Results for: 

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

Try again with a different term

No results for “{query}”

Create customized alerts sent straight to you via the CryptoRank app, Telegram, or Email. Alerts can be set for every coin we have listed!

Discover recent crypto fundraising rounds of upcoming projects and follow portfolios of top funds

Explore their upcoming sales and compare main features and past performances

You can also create a manual portfolio and add assets yourself. Portfolio analytics is available in the same form as in the tracker

Analyze ROI, price action, and other key IDO metrics using the largest token sale database

Simply add your crypto wallet addresses to track the performance of your portfolio. Fast and secure

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Current and ATH Average Returns Table

Share current and ATH average returns table

Less

More...

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

Create your Preset using Layout and Filter settings.

Customize table using Layout settings

Layout & Filters

Filters

Layout

Market sentiment is very bearish, many assets may be undervalued.

Extreme fear

Market sentiment is very bullish, many assets may be overpriced.

Extreme greed

Market sentiment is moderately bearish, traders are taking less risk.

Fear

Market sentiment is moderately bullish, traders are taking more risk.

Greed

Use CryptoRank.io data widgets to get the latest information about the cryptocurrency market. Just set up, copy and paste the iFrame code on your website.

Create the Crypto Widget for your website in a few clicks

Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

Period	Change	Change (%)	High	Low
24H	-$ 0.0272	-3.81%	$ 0.714	$ 0.685
7D	$ 0.00955	+1.41%	$ 0.722	$ 0.646
14D	-$ 0.0466	-6.35%	$ 0.778	$ 0.646
30D	$ 0.0105	+1.55%	$ 0.778	$ 0.635
3M	-$ 0.314	-31.4%	$ 1.29	$ 0.601
6M	-$ 0.169	-19.7%	$ 1.29	$ 0.601
YTD	-$ 0.285	-29.3%	$ 1.29	$ 0.601
1Y	-$ 0.191	-21.8%	$ 1.29	$ 0.495
3Y	-$ 1.13	-62.3%	$ 2.91	$ 0.322

Polygon MATIC

Polygon Analytics

Polygon Monthly Returns (USD)

Polygon Quarterly Returns (USD)

Polygon Closing Price (USD) - Quarterly

MATIC - USD Price Change

Polygon Annual Price (USD) Change