Market Cap
$679,827,674.0
Fully Diluted Valuation
$3,827,300,000.0
24 Hour Trading Vol
$5,814,624.0
Circulating Supply
1,776,848,433.2
Total Supply
10,000,000,000.0
Max Supply
10,000,000,000.0
Polygon Price
$0.383
24h Range
$0.375 - $0.413
Percent Change 1h
-0.16%
Percent Change 24h
-6.97%
Percent Change 7d
-12.34%
All-time high
$2.92
All-time low
$0.003144
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7D
1M
1Y
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Polygon, originally known as Matic Network, is a Layer 2 scaling solution for Ethereum designed to improve transaction speed and reduce costs. It achieves this by utilizing various technologies such as Plasma chains, zk-Rollups, and optimistic Rollups. Launched in 2017, Polygon enables developers to create and deploy decentralized applications (dApps) with significantly enhanced performance compared to using Ethereum alone. As of 2024, Polygon has become a prominent player in the blockchain space, boasting over 7,000 dApps and processing more than 1.5 billion transactions with a user base exceeding 200 million.
Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Jaynti Kanani, who has a background in software engineering, previously worked at housing.com and is known for his extensive knowledge of blockchain technology. Sandeep Nailwal has experience in product development and has worked with various tech companies. Anurag Arjun, with a strong background in data and analytics, has played a crucial role in Polygon's architectural design. Together, they aimed to address Ethereum's scalability issues and improve the overall user experience in the decentralized ecosystem.
Polygon operates as a multi-chain framework, integrating multiple scaling solutions to enhance the Ethereum ecosystem. Its architecture includes the following key components:
By employing these technologies, Polygon can support thousands of transactions per second (TPS) at a fraction of the cost of Ethereum transactions, making it an attractive solution for developers and users in the crypto space.
Polygon's flexible framework enables a wide range of use cases, including:
In 2024, Polygon continues to expand its ecosystem, attracting more projects and initiatives across various sectors.
Ensuring the safety of your Polygon (MATIC) tokens and assets involves several best practices:
By following these practices, users can enhance the security of their Polygon assets and minimize the risk of loss.
Investing in Polygon (MATIC) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Polygon: Once your account is funded, you can purchase Polygon directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Polygon using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Polygon (MATIC) is currently trading at $0.383 and exhibits good potential for future growth. Check the latest Polygon (MATIC) price prediction.
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