On this page, you will find the latest, most comprehensive, and up-to-date price data, technical indicators, and additional information.
Besides the current price and its 24-hour development, we included the most relevant technical indicators, such as Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), Oscillators, and SMA.
On top of that, you can look up the price of in other currencies, such as GBP, EUR, or INR.
Polygon (MATIC) Price & Basic Information
Currently, trades at $0.558, -3.90% compared to its price 24 hours ago. The last 24 hour’s volume was $0.
From a long-term perspective, is currently in a Downtrend. The Relative Strength Index shows Neutral signals.
Polygon (MATIC) Monthly Chart
Polygon (MATIC) Indicators
Evaluate the strength and potential of using our table of key technical indicators, including MACD, RSI, SMA, Oscillator, and ADX. These indicators provide in-depth market analysis, helping you to strategize your next move.”
|Short Term Trend||Downtrend|
Polygon (MATIC) Forex Values
Monitor the value of across key global currencies. Our table includes data in EUR, GBP, JPY, CNY, CAD, and INR, offering a wide-lens view of the international crypto market.
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About Polygon (MATIC)
Matic Network, now known as Polygon (MATIC), is a Layer 2 scaling solution for Ethereum that aims to address the scalability and usability challenges faced by decentralized applications (DApps) on the Ethereum network. It provides a framework for building and connecting multiple sidechains to Ethereum, offering faster and more cost-effective transactions.
Polygon utilizes a combination of technologies, including its own sidechain architecture, a modified version of the Plasma framework, and a Proof of Stake (PoS) consensus mechanism. By offloading transactions to the sidechains and leveraging the security of the Ethereum mainnet, Polygon aims to increase scalability and reduce transaction fees significantly.
The MATIC token serves as the native cryptocurrency of the Polygon network. It has multiple use cases within the ecosystem, including staking for network security, participating in the consensus mechanism, and participating in the platform’s governance through voting on proposals and protocol upgrades.
One of the key features of Polygon is its compatibility with Ethereum. Developers can easily port their Ethereum-based DApps to Polygon with minimal changes to the existing codebase. This allows them to leverage Polygon’s scalability benefits while remaining connected to the larger Ethereum ecosystem.
Polygon has gained significant traction and adoption within the blockchain community. It has attracted numerous DApps, gaming platforms, and decentralized finance (DeFi) projects to build on its network, offering users a seamless experience with fast and low-cost transactions.
The project has also introduced various initiatives and collaborations to foster growth and development. For example, Polygon has launched the Polygon Studio, which provides a suite of tools and services for developers to build and deploy scalable DApps. It has also partnered with major industry players and blockchain projects to expand its ecosystem and enhance interoperability.
In summary, Polygon (MATIC) is a Layer 2 scaling solution for Ethereum that aims to improve scalability and usability for decentralized applications. It provides sidechain architecture, compatibility with Ethereum, and a native cryptocurrency (MATIC) to facilitate fast and cost-effective transactions. With its growing ecosystem and focus on interoperability, Polygon offers developers and users an enhanced experience within the Ethereum ecosystem.