Polygon (MATIC)
| Market Cap | $7,940,177,833 |
|---|---|
| Trading Volume | $593,602,384 |
| Volume / Market Cap | 0.0748 |
| Total Supply | 10,000,000,000 MATIC |
| Max Supply | 10,000,000,000 MATIC |
Polygon is currently trading at $0.91, after a price change of 2.13% in the last 24 hours.
Ranked as cryptocurrency #10 by capitalization today, MATIC market cap is valued at $7,940,177,833. MATIC trading volume reached $593,602,384 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on MATIC coin price prediction page.
MATIC Coin Price PredictionWhat is Polygon?
Polygon is a digital currency that allows users to build and link multiple networks with Ethereum. Launched in 2017, it was founded by three Indians, namely Sandeep Nailwal, Anurag Arjun, and Jaynti Kanani. It is based in Bangalore, India, and the British Virgin Islands. This technology merges individual blockchains and Ethereum into a multiple-chain environment. While offering high-end security, Polygon enhances transactional speed.
This network comprises stakeholders, customers, miners, and other members. The users interact with various ETH-based dApps using the MATIC sidechain of Polygon. The architecture consists of four distinct layers, including the Execution and Polygon Network layers. Although the networks are independent, they can still communicate with other networks.
The Networks layer transfers the orders to the Execution layer, where they get interpreted and executed. For a price, any network can verify the robustness of its chain using the Security layer, which is the third layer. The fourth layer, known as Ethereum, allows for the utilization of smart contracts for communication and staking.
The holders of MATIC tokens serve the same function as proof-of-work miners. They need to lock the coins to authenticate transactions. And they choose new block builders by using the locked coins for voting.