Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Polygon price

Polygon Price (MATIC)

$0.570379

3.10%
Rank #18

Polygon Price Chart (MATIC/USD)

Last updated 25 Jun 2024, 09:10AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance MATIC / USDT $0.69267000 0.01% $36,149,124
2 FMFW.io MATIC / USD $0.38785600 0.16% $29,440,821
3 Poloniex MATIC / USDT $0.69282700 0.14% $18,596,751
4 Huobi Global MATIC / USDT $0.69213500 0.01% $17,062,182
5 P2PB2B MATIC / USDT $0.69326800 0.04% $12,893,004
6 BitMake MATIC / USDT $0.69253000 0.22% $7,521,485
7 Binance MATIC / BUSD $0.69068800 0.01% $7,444,786
8 Coinbase Exchange MATIC / USD $0.69290000 0.03% $7,099,456
9 CoinW MATIC / USDT $0.69279800 0.09% $4,689,149
10 Toobit MATIC / USDT $0.73548000 0.04% $4,381,071
11 WhiteBIT MATIC / USDT $0.69334800 0.02% $4,364,596
12 Coinstore MATIC / USDT $0.68970500 0.18% $4,046,955
13 Upbit MATIC / KRW $0.69615300 0.22% $3,869,245
14 OKX MATIC / USDT $0.69334800 0.01% $3,697,905
15 BTSE MATIC / USD $0.69450000 0.17% $3,619,335
16 LBank MATIC / USDT $0.69326800 0.03% $3,499,442
17 CoinTiger MATIC / USDT $0.38215900 0.03% $3,223,713
18 Bitget MATIC / USDT $0.69291800 0.01% $3,218,493
19 CITEX MATIC / USDT $0.69216400 0.01% $2,890,538
20 Bybit (Spot) MATIC / USDT $0.69229600 0.01% $2,790,680
21 BingX MATIC / USDT $0.69304300 0.26% $2,771,975
22 KuCoin MATIC / USDT $0.69289300 0.01% $2,426,382
23 Tidex MATIC / BUSD $0.69260000 0.04% $2,186,545
24 Digifinex MATIC / USDT $0.69237200 0.01% $1,857,126
25 Tidex MATIC / USDT $0.69271300 0.02% $1,770,592
26 AscendEX (BitMax) MATIC / USDT $0.69640700 0.26% $1,719,822
27 Binance MATIC / BTC $0.69410900 0.04% $1,621,126
28 GokuMarket MATIC / EUR $0.50138700 0.22% $1,517,933
29 Cryptology MATIC / BTC $0.69294900 0.14% $1,507,122
30 Bitrue MATIC / USDC $0.68605600 0.85% $1,460,635
31 GokuMarket MATIC / USDT $0.50304200 0.40% $1,209,383
32 Dex-Trade MATIC / USDT $0.69349600 0.17% $1,166,947
33 ExMarkets MATIC / USDT $1.09 0.29% $1,130,776
34 XT.COM MATIC / USDT $0.69324900 0.01% $1,081,057
35 Gate.io MATIC / USDT $0.69329200 0.02% $1,066,606
36 Binance MATIC / BNB $0.94686400 0.09% $981,580
37 Bitrue MATIC / USDT $0.69308400 0.31% $929,719
38 BitMart MATIC / USDT $0.69225500 0.05% $879,498
39 Cryptology MATIC / USD $0.69278000 0.09% $848,996
40 Kraken MATIC / USD $0.69320000 0.01% $816,386
41 Pointpay MATIC / USDT $0.69254300 0.03% $809,693
43 Binance MATIC / BIDR $1.19 0.13% $770,875
44 Binance MATIC / ETH $0.70448400 0.03% $754,604
45 Fameex MATIC / USDT $0.69264300 0.35% $699,300
46 Coinsbit MATIC / USDT $0.69268900 0.21% $698,774
47 Huobi Global MATIC / USDC $0.99880300 0.67% $674,362
48 CoinTR MATIC / USDT $0.69248500 0.25% $667,007
49 Bithumb MATIC / KRW $0.69911000 0.09% $648,865
50 Binance MATIC / TRY $0.86560800 0.09% $647,338

MATIC Price Statistics

$1
24H Range
$1
  • Polygon Price Now $1
  • 24h Low / 24h High $1 / $1
  • Trading Volume $330,967,081
  • Market Cap Rank #23
  • Market Cap $5,287,400,375
  • Volume / Market Cap 0.0626
  • All-Time High $3 -80.48%
    Dec 27, 2021
  • All-Time Low $0 18,006.27%
    May 10, 2019


Polygon: A Solution for Ethereum's Scalability

Polygon is a Layer-2 scaling solution that aims to provide faster and cheaper transactions on Ethereum while maintaining the benefits of a decentralized network. This article discusses the key features and applications of Polygon and its native token, MATIC.

What is Polygon?

Polygon, formerly known as Matic Network, is a framework for building interconnected blockchain networks. It aims to address some of Ethereum's major limitations—including throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution.

Polygon's Scalability Features

Polygon employs a combination of PoS (Proof of Stake) and Plasma-enabled sidechains to achieve high-speed and low-cost transactions. This makes it possible for Polygon to process up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than 2 seconds.

MATIC: The Polygon Token

MATIC is the native token of the Polygon network. It is used for a variety of purposes within the Polygon ecosystem, including participating in network governance through voting, staking, gas fees, and transaction fees.

Polygon's Role in Decentralized Finance (DeFi)

With Ethereum's high transaction fees posing a barrier for users wanting to take part in DeFi, Polygon's ability to provide cheaper and faster transactions makes it a preferred choice for DeFi applications. Several popular Ethereum-based DApps have already integrated with Polygon.

Conclusion

Polygon is helping to solve scalability and usability issues for the Ethereum blockchain, which is particularly important given the growing popularity of DeFi applications. However, like all cryptocurrencies and blockchain projects, potential users and investors should conduct their own research and be aware of the risks involved.