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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Wrapped Matic price

Wrapped Matic Price (WMATIC)

$0.401342

8.76%
Rank #10814

Wrapped Matic Price Chart (WMATIC/USD)

Last updated 22 Jun 2022, 09:12AM UTC. Currency in USD.

Market Cap
$0
Volume (24h)
$32,181,339
Change
8.76%
Circulating Supply
0
All Time High
$3
Markets
# Exchange Pair Price Spread Volume(24h) Trust

WMATIC Price Statistics

$0
24H Range
$0
  • Wrapped Matic Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $32,181,339
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $3 -86.20%
    Dec 27, 2021
  • All-Time Low $0 172.95%
    Feb 24, 2021
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Wrapped Matic: Unlocking the Potential of Polygon Network

Wrapped Matic is a cryptocurrency that aims to revolutionize the scalability and usability of the Polygon Network. Powered by the MATIC token, Wrapped Matic introduces exciting opportunities for developers and users within the blockchain ecosystem. Let's dive into the potential and benefits of Wrapped Matic.

A Brief Introduction to Polygon Network

Before we delve into Wrapped Matic, let's establish an understanding of the Polygon Network. Formerly known as Matic Network, Polygon is a Layer 2 scaling solution that enhances various blockchains, including Ethereum. Polygon aims to address the scalability limitations of Ethereum, making it much faster and cheaper for transactions and smart contracts.

What is Wrapped Matic?

Wrapped Matic (WMATIC) is an ERC-20 token that serves as a bridge between Polygon and the Ethereum network. By wrapping Matic tokens as ERC-20 tokens, they become compatible with the Ethereum ecosystem, allowing seamless interaction with various decentralized applications (dApps) and decentralized exchanges (DEXs).

The Benefits of Wrapped Matic

Wrapped Matic unlocks numerous advantages for users and developers:
- Enhanced liquidity: Integration with the vast Ethereum ecosystem grants liquidity to WMATIC, facilitating its exchange and usage across different platforms.
- Interoperability: WMATIC's compatibility with Ethereum-based dApps and DEXs allows for seamless interaction, fostering innovation within the Polygon ecosystem.
- Accessibility: Wrapped Matic expands the accessibility of the Polygon Network, providing an entry point for Ethereum users to explore the benefits of Layer 2 scaling.
- Scalability: By leveraging Polygon's Layer 2 solution, Wrapped Matic tackles Ethereum's scalability limitations, enabling faster and cheaper transactions.

Use Cases for Wrapped Matic

The integration of Wrapped Matic opens up exciting possibilities for DeFi enthusiasts, traders, and developers:
- Yield farming: Users can stake Wrapped Matic in various liquidity pools, generating passive income through yield farming protocols.
- Trading and arbitrage: WMATIC's compatibility with Ethereum DEXs allows traders to explore unique arbitrage opportunities and benefit from price disparities.
- Cross-chain asset transfers: Wrapped Matic can serve as a bridge, enabling the seamless transfer of assets between multiple blockchains.
- Access to DeFi applications: Users can leverage WMATIC to interact with a wide array of Ethereum-based DeFi protocols, offering diverse investment opportunities.

Conclusion

Wrapped Matic revolutionizes the potential of the Polygon Network and bridges the gap between Polygon and Ethereum. By enhancing liquidity, ensuring interoperability, improving accessibility, and addressing scalability concerns, Wrapped Matic enables users and developers to explore new and exciting opportunities in the blockchain world.