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Polygon (MATIC)
Market Cap (24H)
Volume (24H)
Circulating Supply
Transp. Vol.
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Matic Network is a scalable blockchain platform with a whole set of products and tools helping developers create decentr...Read more

Polygon Price (MATIC)

MATIC Daily Performance

Today's Polygon price is $1.1338, which is up 4% over the last 24 hours. Polygon's market cap is $10.30B. 24 hour MATIC volume is $122.98M. It has a market cap rank of 10 with a circulating supply of 9,080,469,069. Polygon is traded on exchanges. Polygon had an all-time high of $2.8886 over 1 year ago. Over the last day, Polygon has had 0% transparent volume and has been trading on 5,344 active markets with its highest volume trading pairs being .

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Polygon Statistics

Polygon Price (24hr)$1.1338 (+4.00%)
Market Cap$10.30B (+4.00%)
Trading Volume (24hr)$122.98M (-22.68%)
Transparent Vol. (24hr)
Transparency GradeUnknown
Circulating Supply9,080,469,069
All-Time High
7D Price Prediction


Price Change
$0.043638 (4.00%)

All-Time High

Date of ATH
Days Since ATH
% of ATH39.25%
Price vs ATH

Market Cap

Mkt Cap Change
$396.25M$396,249,888 (4.00%)
Mkt Cap Rank10
Mkt Dominance
Mkt Dominance

Circulating Supply

Max Supply–
% in Circulation—

About Polygon

Matic Network is a scalable blockchain platform with a whole set of products and tools helping developers create decentralized apps. It implements side-chains for off-chain computation while relying on the Proof-of-stake (PoS) consensus algorithm and Plasma framework for providing the high level of the platform’s security. The project has already developed Plasma MVP (Minimum Viable Plasma), WalletConnect protocol, and the Ethereum event notification engine Dagger. The platform is powered by a utility token under the same name. Matic Network explained Matic Network names itself a blockchain agnostic Layer-2 scaling solution with the key goal to facilitate scalable, instant and secure transactions on the blockchain. Initially built upon the Ethereum Network, it adds Plasma-based side-chains on top of it to ensure asset security. In order to resolve the scalability problem inherent to Ethereum and all its derivatives, Matic Network provides Layer-2 solutions which in theory can help it process 2^16 or near 65,000 transactions per block. In addition, it eliminates the problem of interoperability via DEXs which would help users change cryptocurrencies based on different blockchains (for example, Bitcoin and Ethereum) directly between their own wallets.

Among other problems that are inherent to Ethereum-based projects and that Matic plans to overcome are block size limitations, slow block confirmation, and computations issues in smart contract-based blockchain platforms.

For developers, Matic has designed and rolled out payment APIs and SDKs and a number of other tools helping them create, launch, and migrate decentralized apps built on different platforms. Matic has also developed its own wallet with a simplified interface that can help its users interact with dApps without having to share their private keys. Matic competitors Matic Network is not the only project in the blockchain industry to struggle with the scalability issue. Among its key competitors who develop Layer-2 solutions are Loom Network, OmiseGO, Proof of Authority Network, Lition, Liquid Network, and Rootstock. A number of projects work on implementing the side-chain solutions, too. These are the Lightning Network, Raiden Network, Celer Venwork and Liquidity Network. Cosmos and Polkadot develop a solution for the interoperability problem, and one also should keep in mind EOS, TRON, and Zilliqa that have resolved the scalability problem in their own way and are already widely used by developers.

The competition is pretty high, however, as Matic has already rolled out some Minimum Viable Products, it has good chances to gain its market share. Matic token The platform is fueled by a native ERC-20 token MTX. This is a utility token and it has the following use cases: Covering transaction fees. Any transactions occurring in the system will require paying the network fee which users will pay with the help of Matic. Backing the Proof-of-Stake consensus. In order to validate transactions, nodes will have to stake MTX in the system. The rewards for validation will be paid in MTX as well. Supporting the Protocol Funding Ecosystem. For every transaction, a small part of the transaction fee will be sent to the platform’s reserve which is used to support projects improving the Matic ecosystem. Matic IEO Matic distributed its tokens via an IEO on Binance Launchpad on April 24-26th, 2019. During the IEO, 1.9 billion tokens were distributed out of the total supply of 10 billion helping the project raise its hard cap of 5 million USD. The rest of the tokens were allocated for the following purposes:

3.8% - private sale 16% - team 4% - advisors 12% - network operations 21.86% - foundation 23.33% - ecosystem Matic team The project was founded by an India-based team in 2017. Jaynti Kanari is the project’s Co-founder and CEO. He holds a Bachelor’s degree at Dharmsinh Desai Institute of Technology and prior to Matic, he has worked as a Data Scientist for almost 3 years at Housing.com.

Another Co-founder and COO of the project, Sandeep Nailwal, holds an MBA in Technology, Finance, and Supply Chain Management from the National Institute of Industrial Engineering, one of the most prestigious educational establishments in India. He also was a Co-founder at another blockchain project ScopeWeaver.com.

The third Co-founder and CPO Anurag Arjun holds a Bachelor’s degree in Engineering and Computer Engineering at the Nirma Institute of Technology. Before Matic, he had worked for over three years as AVP (Product Management) at IRIS Business and founded the Dexter Consultancy firm specializing in Management Consulting.

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Polygon Markets

(Top 10)

Polygon Historical Data

(Past 7 Days)

Frequently Asked Questions

  • What’s the current Polygon price? How much is 1 Polygon worth?

    The price of 1 Polygon is $1.1338. Over the last 24 hours, a Polygon is worth 4.00% more. Visit our currency converter page to convert MATIC prices to currencies other than USD.
  • When did Polygon start?

    The earliest trading data for Polygon is on April of 2019 (based on current exchange data).
  • How high can the Polygon price go?

    Polygon’s price has gone as high as $2.8886 (which is MATIC’s all-time high). It achieved this price over 1 year ago. Speculations abound for how high Polygon’s price will get in the future.

Today's MATIC / Polygon News for March 31, 2023


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