MATI
Polygon
MATIC·Layer 2·Rank #10
$0.8924
+$0.0066 (++0.74%)
Market Cap$8.9B24h Volume$0.5BCirculating9.97B MATICMax Supply10B MATICAll-Time High$2.92Dec 27, 2021 · -69.4%
Price Chart
Market Statistics
| Market Cap Rank | #10 | Fully Diluted Valuation | $8.9B | |
| 24h High | $0.9028 | 24h Low | $0.8812 | |
| 7d High | $0.9184 | 7d Low | $0.8720 | |
| Volume / Market Cap | 0.056 | All-Time Low | $0.00314 May 26, 2019 | |
| Circulating Supply | 9.97B MATIC | Max Supply | 10B MATIC |
About Polygon
Polygon (formerly Matic Network) is a Layer 2 scaling solution for Ethereum, co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017. It uses a combination of Proof of Stake sidechains and zkEVM technology to process Ethereum transactions faster and much more cheaply, while inheriting Ethereum's security. MATIC is the native token used for transaction fees on the Polygon PoS chain, staking, and governance. Polygon has attracted major enterprise adoption from companies like Starbucks, Nike, and Reddit due to its low costs, fast speeds, and full compatibility with Ethereum's developer tools.