Price Chart for Polygon

MATIC Details

Circulating Supply: 9,289,469,069

Max Supply: 10,000,000,000

Market Cap: $4,167,255,824.35

Originally known as the Matic Network, Polygon has emerged as a prominent scaling solution for the Ethereum blockchain. Recognizing the scalability challenges faced by Ethereum, Polygon provides a layer-2 scaling solution that enhances throughput, reduces transaction costs, and improves user experience for decentralized applications.

By leveraging a combination of Plasma chains, sidechains, and a novel proof-of-stake consensus mechanism, Polygon achieves high performance without compromising on security. Its versatility and compatibility with Ethereum's smart contracts have attracted numerous developers and projects, driving the ecosystem's growth.