Polygon current price is €0.519 with a marketcap of €4.85 B. Its price is -2.73% down in the last 24 hours.
- Polygon (MATIC)
- Live Price €0.519
- Market Cap €4.85 B
- Volume €292.13 M
- Available Supply 9.30 B MATIC
- Rank 14
Technical analysis, backgrounds and info on this crypto coin
Besides Polygon (MATIC) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Polygon (MATIC) price. Of course you can trade and/or invest in Polygon (MATIC) as well. On this page you'll find basic statistics and characteristics of Polygon (MATIC). Furthermore you'll find info regarding the Polygon (MATIC) price, basic technical analysis and a brief explanation of the story of Polygon (MATIC)
Current Polygon (MATIC) price
Please see below the Polygon price chart as provided by our home broker.
Onchain Metrics Polygon (MATIC)
If you want to perform a technical analysis of Polygon and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Polygon (MATIC) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Polygon.
The Polygon agenda
In order to provide you with an accurate overview of coming Polygon agenda items and events, you'll find our Polygon agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Polygon?
Polygon (beforehand Matic Network) is the principal very much organized, simple to-utilize stage for Ethereum scaling and framework improvement. Its center part is Polygon SDK, a secluded, adaptable system that supports constructing numerous kinds of utilizations.
Utilizing Polygon, one can make hopeful rollup chains, ZK rollup chains, remain solitary chains or some other sort of infra needed by the designer.
Polygon viably changes Ethereum into an undeniable multi-chain framework (otherwise known as Internet of Blockchains). This multi-anchor framework is likened to different ones, for example, Polkadot, Cosmos, Avalanche and so on with the upsides of Ethereum's security, dynamic biological system and transparency.
The $MATIC token will proceed to exist and will assume an undeniably significant part, getting the framework and empowering administration.
Who created Polygon?
Polygon (in the past Matic Network) was dispatched in October 2017. Polygon was helped to establish by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain engineers and a business expert.
Prior to moving to its organization in 2019, the Polygon group was an immense donor in the Ethereum biological system. The group dealt with executing the Plasma MVP, the WalletConnect convention and the broadly utilized Dagger occasion warning motor on Ethereum.
The group included prime supporter of Polygon, Jaynti Kanani. Jaynti, a full-stack designer and blockchain engineer presently fills in as the CEO of Polygon.
Jaynti assumed an indispensable part in executing Web3, Plasma and the WalletConnect convention on Ethereum. Preceding his blockchain association, Jaynti filled in as an information researcher with Housing.com.
Prime supporter and boss tasks official of Polygon, Sandeep Nailwal is a blockchain software engineer and business person. Prior to mutually beginning Polygon (previously Matic), Sandeep had filled in as the CEO of Scopeweaver, and the central specialized official of Welspun Group.
What is the purpose of Polygon (MATIC)?
Polygon uses liquidity pools rather than serving as market maker, also in contrast to centralized exchanges, with an aim to create more efficient markets. Users provide liquidity to the exchange by adding a pair of tokens to a smart contract which can be bought and sold by other users. In return, liquidity providers are given a percentage of the trading fees earned for that trading pair. For each trade a certain amount of tokens are removed from the pool for an amount of the other token, thereby changing the price. No fees are required to list tokens which allows a large amount of Ethereum tokens to be accessible and no registration is required for users.
Polygon (MATIC) nowadays
Polygon is self-portrayed as a Layer 2 scaling arrangement, which implies that the venture doesn't try to overhaul its present essential blockchain layer any time soon. The undertaking centers around lessening the intricacy of versatility and moment blockchain exchanges.
Polygon utilizes an altered rendition of the Plasma system which is based on confirmation of-stake designated spots that go through the Ethereum principle chain. This novel innovation permits each sidechain on Polygon to accomplish up to 65,536 exchanges for every square.
Industrially, the sidechains of Polygon are basically intended to help an assortment of decentralized account (DeFi) conventions accessible in the Ethereum biological system.
While Polygon as of now underpins just Ethereum basechain, the organization means to broaden uphold for extra basechains, in light of local area ideas and agreement. This would makePolygon an interoperable decentralized Layer 2 blockchain stage
The future of Polygon (MATIC)
Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem.
While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would makePolygon an interoperable decentralized Layer 2 blockchain platform
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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