Polygon Price, News and Analysis (MATIC)

Polygon logo
$1.24
-0.13 (-10.24%)
(As of 06/21/2021 03:14 PM ET)
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1-Hour Price Change +1.14%
1-Day Price Change -10.24%
7-Day Price Change -16.85%
1-Day Volume$1.45 billion
Market Cap$7.79 billion
BTC Price0.00003775 BTC
Circulating Supply6.29 billion
Total Supply10.00 billion
Maximum Supply10.00 billion

About Polygon (MATIC)

Currency Details

Name Polygon
SymbolMATIC
Market Capitalization$7.79 billion
Coin or TokenCoin
AlgorithmETH Token
Proof Type
Genesis Date3/26/2018
Mineable?No

Official Links

Official WebsiteN/A
Official Website (Alt)N/A
BitcoinTalk AnnouncementN/A
Twitter Account@maticnetwork
Facebook PageN/A
Github AccountView

Community Discussion

Reddit Communityr/maticnetwork
Telegram GroupN/A
Discord GroupN/A
Message BoardN/A
Message Board (Alt)N/A

Research Tools

Blockchain ExplorerN/A
Blockchain Explorer (Alt)N/A
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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Polygon (MATIC) Frequently Asked Questions

What is Polygon?

Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Matic Network is expanding tech scope and mission and becoming Polygon — Ethereum’s Internet of Blockchains. Existing Matic solutions remain functional and high priority. All the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, remain fully functional and will continue to be developed and grown as very important components of the Polygon ecosystem. These implementations will not be impacted or changed in any way, and no action is required from developers or end-users. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.  See the official announcement. Polygon is a easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool. (Description provided by CryptoCompare)

How do I buy Polygon?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Polygon.

Where can I get Polygon wallet?

Polygon produces its own wallet software that is available for download on its website, which allows you to store Polygon on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Polygon?

One Polygon (MATIC) is currently worth $1.24 on major cryptocurrency exchanges. You can also exchange one Polygon for 0.00003775 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Polygon in U.S. dollars is $7.79 billion.

What hashing algorithm does Polygon use?

Polygon is a coin that uses the ETH Token algorithm.

What coins are similar to Polygon?

The following coins use Polygon's ETH Token algorithm and proof-type: Binance USD, Chainlink, THETA, DREP, DREP [old], Dai, Aave, PancakeSwap, FTX Token, Crypto.com Coin, Maker, Pundi X, Huobi Token, The Graph and TrueUSD.

What is the Reddit page for Polygon?

The official Reddit community (subreddit) for Polygon is r/maticnetwork.


MarketBeat Community Rating for Polygon (MATIC)

Community Ranking:  3.7 out of 5 (star star star)
Outperform Votes:  108 (Vote Outperform)
Underperform Votes:  37 (Vote Underperform)
Total Votes:  145
MarketBeat's community ratings are surveys of what our community members think about Polygon and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

Polygon (MATIC) Price Chart for Monday, June, 21, 2021

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Google Trends

Polygon (MATIC) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Polygon. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Polygon Coin" over the last 90 days.



Polygon (MATIC) Website Traffic

Polygon (MATIC) Social Media Trends

Headlines

Polygon (MATIC) News Headlines

SourceHeadline
Why this growth of SUSHI on MATIC should matter to tradersWhy this growth of SUSHI on MATIC should matter to traders
ambcrypto.com - June 21 at 11:11 AM
Unmarshal Showcases Its Multi-Chain Blockchain Explorer Supporting Ethereum, Polygon, and Binance Smart ChainUnmarshal Showcases Its Multi-Chain Blockchain Explorer Supporting Ethereum, Polygon, and Binance Smart Chain
bitcoinist.com - June 21 at 10:10 AM
Google for Blockchains: Unmarshal Launches a Multi-Chain Blockchain ExplorerGoogle for Blockchains: Unmarshal Launches a Multi-Chain Blockchain Explorer
newsbtc.com - June 21 at 9:19 AM
MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!
coinpedia.org - June 21 at 7:01 AM
This Highly Resilient Altcoin Flashing Signs of Bullish Reversal, Says Crypto Analytics Firm SantimentThis Highly Resilient Altcoin Flashing Signs of Bullish Reversal, Says Crypto Analytics Firm Santiment
dailyhodl.com - June 21 at 5:04 AM
Crypto Giant Grayscale Exploring Support for Solana, Polygon and 11 Other AltcoinsCrypto Giant Grayscale Exploring Support for Solana, Polygon and 11 Other Altcoins
dailyhodl.com - June 21 at 1:16 AM
Right Time to Buy MATIC and Ethereum ? Here’s the ROI you can expect if you invest now!Right Time to Buy MATIC and Ethereum ? Here’s the ROI you can expect if you invest now!
coinpedia.org - June 20 at 11:03 PM
Ethereum, Matic, Aave Price Analysis: 20 JuneEthereum, Matic, Aave Price Analysis: 20 June
ambcrypto.com - June 20 at 4:05 PM
Ethereum, MATIC and OMG: What ROI can you expect, buying at the current price level?Ethereum, MATIC and OMG: What ROI can you expect, buying at the current price level?
ambcrypto.com - June 20 at 2:01 PM
Will Polygon still be necessary after Ethereum 2.0 is live?Will Polygon still be necessary after Ethereum 2.0 is live?
ambcrypto.com - June 20 at 1:03 PM
What you should know about the impact of Ethereum’s scalabilityWhat you should know about the impact of Ethereum’s scalability
ambcrypto.com - June 20 at 8:01 AM
Grayscale Explores Investment Products for Polygon ($MATIC), Solana ($SOL), Other CryptosGrayscale Explores Investment Products for Polygon ($MATIC), Solana ($SOL), Other Cryptos
cryptoglobe.com - June 20 at 8:01 AM
Polygon price analysis: Polygon tests $1.3, prepares to spike higher?Polygon price analysis: Polygon tests $1.3, prepares to spike higher?
cryptopolitan.com - June 19 at 5:02 PM
Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?
ambcrypto.com - June 19 at 4:00 PM
A RUNE with a view: How smart crypto traders caught a 48% price pumpA RUNE with a view: How smart crypto traders caught a 48% price pump
cointelegraph.com - June 19 at 3:01 PM
Polygon Devs. Propose a Modified Implementation of EIP-1559 on MATICPolygon Devs. Propose a Modified Implementation of EIP-1559 on MATIC
en.ethereumworldnews.com - June 19 at 3:01 PM
Chainlink, MATIC, Enjin Price Analysis: 19 JuneChainlink, MATIC, Enjin Price Analysis: 19 June
ambcrypto.com - June 19 at 12:06 PM
Grayscale Investments consider new crypto trusts, including Polygon and SolanaGrayscale Investments consider new crypto trusts, including Polygon and Solana
cryptoslate.com - June 19 at 8:07 AM
Why gaming could be the next big test for Ethereum and PolygonWhy gaming could be the next big test for Ethereum and Polygon
ambcrypto.com - June 19 at 1:01 AM
Chainlink, MATIC, AAVE Price Analysis: 18 JuneChainlink, MATIC, AAVE Price Analysis: 18 June
ambcrypto.com - June 18 at 4:15 PM
Rising Interest In Polygon Overtakes Polkadot In Five Major CountriesRising Interest In Polygon Overtakes Polkadot In Five Major Countries
zycrypto.com - June 18 at 1:18 PM
Grayscale is Exploring the Addition of MATIC & Solana to its ProductsGrayscale is Exploring the Addition of MATIC & Solana to its Products
en.ethereumworldnews.com - June 18 at 7:05 AM
Grayscale is exploring 13 more investment products, including ones for Solana and PolygonGrayscale is exploring 13 more investment products, including ones for Solana and Polygon
theblockcrypto.com - June 18 at 7:05 AM
Polygon (MATIC) Shows Strong Signs of Reversal With These On-Chain MetricsPolygon (MATIC) Shows Strong Signs of Reversal With These On-Chain Metrics
coingape.com - June 18 at 6:03 AM
One of the Year’s Top Altcoins Set To Soar 230%, Says Crypto Trader Lark DavisOne of the Year’s Top Altcoins Set To Soar 230%, Says Crypto Trader Lark Davis
dailyhodl.com - June 18 at 2:05 AM
Ethereum, Solana, MATIC Price Analysis: 17 JuneEthereum, Solana, MATIC Price Analysis: 17 June
ambcrypto.com - June 17 at 1:05 PM
This DeFi debate on Ethereum, Polygon, AAVE & SUSHI is gaining steamThis DeFi debate on Ethereum, Polygon, AAVE & SUSHI is gaining steam
ambcrypto.com - June 17 at 10:05 AM
TITAN falls nearly 100% in latest Polygon DeFi exploitTITAN falls nearly 100% in latest Polygon DeFi exploit
cryptoslate.com - June 17 at 9:16 AM
Polygon and Ethereum pools to be injected with a $30 million liquidity mining programPolygon and Ethereum pools to be injected with a $30 million liquidity mining program
cryptopolitan.com - June 16 at 1:42 PM
Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining programKyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program
cointelegraph.com - June 16 at 11:39 AM
Polygon May Prove Itself One of the Most Useful AltcoinsPolygon May Prove Itself One of the Most Useful Altcoins
investorplace.com - June 14 at 6:54 AM
Polygon Is an Important Facilitator of DeFiPolygon Is an Important Facilitator of DeFi
feedproxy.google.com - June 11 at 10:00 AM
MahaDAO to Launch ARTH: World’s First Valuecoin on PolygonMahaDAO to Launch ARTH: World’s First Valuecoin on Polygon
blockonomi.com - June 10 at 9:12 AM
The NFT bubble may have popped, but the sector is still primed for expansionThe NFT bubble may have popped, but the sector is still primed for expansion
cointelegraph.com - June 6 at 7:08 AM
0x launches DEX liquidity API on Polygon0x launches DEX liquidity API on Polygon
cointelegraph.com - May 31 at 4:04 PM
Google Cloud Adds Support For Polygon Blockchain Network DataGoogle Cloud Adds Support For Polygon Blockchain Network Data
benzinga.com - May 29 at 12:15 PM
NFT volume has more than tripled — even amid price crash — as Meme.com raises $5MNFT volume has more than tripled — even amid price crash — as Meme.com raises $5M
cointelegraph.com - May 28 at 5:15 AM
UK-Based Umbria Network Launches DEX on PolygonUK-Based Umbria Network Launches DEX on Polygon
coinjournal.net - May 21 at 6:48 AM
Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15
cointelegraph.com - May 17 at 4:09 AM
A Cryptocurrency Is Skyrocketing In Defiance Of Bitcoin-Led Selloff, Outperforming Dogecoin, CardanoA Cryptocurrency Is Skyrocketing In Defiance Of Bitcoin-Led Selloff, Outperforming Dogecoin, Cardano
benzinga.com - May 16 at 10:42 PM
Altcoins pop while Bitcoin looks for support near $50,000Altcoins pop while Bitcoin looks for support near $50,000
cointelegraph.com - May 15 at 8:08 AM
Tom Clancy’s The Division Heartland announced as free-to-play game - PolygonTom Clancy’s The Division Heartland announced as free-to-play game - Polygon
news.google.com - May 6 at 3:39 PM
Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge: Hodler’s Digest, April 25–May 1Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge: Hodler’s Digest, April 25–May 1
cointelegraph.com - May 2 at 6:03 AM
Polygon’s Total Value Locked Explodes, MATIC Could Run Hotter After A 120% RallyPolygon’s Total Value Locked Explodes, MATIC Could Run Hotter After A 120% Rally
newsbtc.com - April 28 at 4:06 AM
Polygon co-founder raises $2.2M for India COVID-19 reliefPolygon co-founder raises $2.2M for India COVID-19 relief
cointelegraph.com - April 27 at 6:01 PM
New Liquidity Mining Program Of $40 Million Launched By Polygon And AaveNew Liquidity Mining Program Of $40 Million Launched By Polygon And Aave
insidebitcoins.com - April 15 at 9:10 AM
Polygon Response to the Orange Belgium Financial Expert ReportPolygon Response to the Orange Belgium Financial Expert Report
feeds.benzinga.com - April 12 at 2:43 AM
Coinbase Pro Announces Support for Polygon (MATIC), Skale (SKL), SushiSwap (SUSHI)Coinbase Pro Announces Support for Polygon (MATIC), Skale (SKL), SushiSwap (SUSHI)
feedproxy.google.com - March 10 at 8:44 AM
Ethereum gas fees drop as daily DEX and DeFi volumes declineEthereum gas fees drop as daily DEX and DeFi volumes decline
cointelegraph.com - March 5 at 4:05 AM
Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time highMainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high
cointelegraph.com - March 3 at 4:11 AM

Social Media Mentions

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This page was last updated on 6/21/2021 by MarketBeat.com Staff
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