Polygon (MATIC)

4.13 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

567225076>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

12735598126>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

9,005,469,069.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

10,000,000,000.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

10,000,000,000.00
Low High
Week Month Year All Time
High

Jan 30 2023

1.17778342523
7.83%

Jan 30 2023

1.17778342523
7.83%

Feb 10 2022

2.050122544983
-38.05%

Dec 27 2021

-56.33%
Low

Jan 26 2023

0.994481221319
27.70%

Jan 04 2023

0.780969498012
62.62%

Jun 19 2022

0.346859005094
266.14%

May 10 2019

40,410.68%
For Detailed Research of Polygon - Visit - Polygon (MATIC)

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Coin Info

Polygon (formerly Matic Network) is the first well-structured, user-friendly platform for Ethereum scaling and infrastructure development. Its main element is Polygon SDK, a modular framework that facilitates the creation of many kinds of applications. Polygon can be used to build Optimistic Rollup chains, ZK Rollup chains, Stand-Alone chains, and any other type of infra that the developer requires.Polygon essentially transforms Ethereum into a full-fledged multi-chain system. This multi-chain solution is similar to others like Polkadot, Cosmos, Avalanche, etc. with the benefits of Ethereum's security, active ecosystem, and transparency. The current ecosystem created on the Plasma-POS chain won't change at all.

With Polygon, new features are being created around the already established technology to increase the platform's capacity to meet the various demands of the developer ecosystem. Polygon will continue to improve its core technology in order to expand it to a bigger ecosystem. The $MATIC token will continue to exist and take on a more significant role in the system's security and governance.

MATIC, Polygon's native token, is an ERC-20 token that operates on the Ethereum network. The tokens are utilised for payment services on Polygon as well as a settlement currency amongst Polygon ecosystem users. On Polygon sidechains, transaction fees are also paid using MATIC tokens. 

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