Coin: POLYGON (MATIC)

Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.

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Tokenomics
Security
Scalability
Decentralisation
Applications
Team & Developers
Usage & Adoption
Community Strength
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Coinbase Ventures

1D+0.56% 14D+0.56%
7D-3.23% 200D -3.23%
30D+21.54% 1Y+21.54%
Open 24H$295
High 24H$302
Low 24H$293
Last Price$297
TotalBNB 163.28 M
Mkt.Cap$48.49 B
Vol. 24HBNB 129.46 K
Vol. 24H$38.55 M
Open: High: Low: Close:
Candlestick MATIC/USDT

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Polygon, previously know as Matic, was founded by four software engineers based in Mumbai India. In 2019 Matic was funded by Binance through their launchpad platform, where they held their Initial Exchange Offering (IEO). The Polygon Rebranding took place in early 2021 in an attempt to promote the protocol as Ethereum’s internet of blockchains. The Polygon network exists as a layer two platform operating on the Ethereum Blockchain and is still powered by the Matic Token. This token has a maximum supply of 10 billion tokens and can be held directly in the Matic Wallet.

Polygon uses plasma chains, smart contract functionality and decentralized applications to achieve faster and lower transactions speeds than Ethereum. It can scale to millions of transactions per second at the cost of $1 per 1 million transactions. Recent partnerships with Circle, Chain-link and USDC, exhibit the projects strong momentum. Coverage of Polygon is brought to you by Platypus Terminal.

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