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Polygon (MATIC) price, chart, coin profile and news

Find the latest Polygon (MATIC) price, coin profile, news and history to get you started with Polygon trading and investing.

Polygon (MATIC) is the 10th largest cryptocurrency in the world by market cap, valued at $10,996,591,972. The current price of Polygon is $1.1, which is -2.827% lower than yesterday. Prices have ranged between $1.14 and $1.11 over the past 24 hours. All prices are listed in US dollars and accurate as of March 30, 2023 10:03 UTC.

Polygon price chart

Price over the past month

What is Polygon?

Formerly known as the Matic Network, Polygon can be best described as a decentralized framework that enables the creation of interconnected blockchain networks. The platform looks to iron out many of the throughput and high transaction fee-related issues that the Ethereum network is routinely faced with via the use of several different novel sidechain solutions.

In addition to providing users with a full-fledged scaling platform, Polygon is also designed to facilitate blockchain interoperability-related transactions via modules that are capable of providing developers with certain niche tools which they can use to devise their very own sovereign blockchains.

MATIC is the native cryptocurrency of the Polygon network and is used for a variety of purposes such as providing owners with voting rights in regard to various governance-related issues (especially those related to Polygon Improvement Proposals (PIPs), bolstering the security of the network via staking and facilitating gas fee payments.

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Polygon recent updates

Polygon announced the aquisition of Predicate Labs, the creators of the Mir blockchain. The $400 million deal aims to increase adoption of the Ethereum network by vastly expanding its capacity using zero-knowledge rollups, a layer 2 scaling technology. Mir will be introduced into the Polygon ecosystem using its new name, Polygon Zero.
Polygon’s network was "hacked" by a white hat hacker as part of the team’s goal to eliminate bugs and ensure the protocol’s safety. The hacker discovered an exploit that put US$24 billion worth of Polygon assets at risk. The potential exploit was soon-after patched by developers.

How we keep this Polygon guide up-to-date

  • MATIC price data is regularly updated through data feeds so you always have the latest information.
  • Polygon performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

Polygon at a glance

Basic stats for Polygon

$11 B
10 B
9 B
Jaynti kanani
Sandeep nailwal
Anurag arjun
Mihailo bjelic
Blockchain scaling
Platform fees
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Polygon performance over time

Polygon fundamental and technical analysis

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Social activity for Polygon

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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