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Polygon price

Polygon priceMATIC

The price of Polygon (MATIC) in United States Dollar is -- USD.
The price of this coin has not been updated or has stopped updating. The information on this page is for reference only. You can view the listed coins on the Bitget spot markets.
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Polygon market Info

Price performance (24h)
24h
24h low $0.2124h high $0.22
Market ranking:
--
Market cap:
--
Fully diluted market cap:
--
Volume (24h):
$1,267,062.59
Circulating supply:
-- MATIC
Max supply:
--
Total supply:
10.00B MATIC
Circulation rate:
0%
Contracts:
0xcc42...ed682bd(BNB Smart Chain (BEP20))
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Live Polygon price today in USD

The live Polygon price today is $0.00 USD, with a current market cap of $0.00. The Polygon price is up by 2.90% in the last 24 hours, and the 24-hour trading volume is $1.27M. The MATIC/USD (Polygon to USD) conversion rate is updated in real time.
How much is 1 Polygon worth in United States Dollar?
As of now, the Polygon (MATIC) price in United States Dollar is valued at $0.00 USD. You can buy 1MATIC for $0.00 now, you can buy 0 MATIC for $10 now. In the last 24 hours, the highest MATIC to USD price is $0.2183 USD, and the lowest MATIC to USD price is $0.2086 USD.
The following information is included:Polygon price prediction, Polygon project introduction, development history, and more. Keep reading to gain a deeper understanding of Polygon.

Polygon price prediction

What will the price of MATIC be in 2026?

In 2026, based on a +5% annual growth rate forecast, the price of Polygon(MATIC) is expected to reach $0.00; based on the predicted price for this year, the cumulative return on investment of investing and holding Polygon until the end of 2026 will reach +5%. For more details, check out the Polygon price predictions for 2025, 2026, 2030-2050.

What will the price of MATIC be in 2030?

In 2030, based on a +5% annual growth rate forecast, the price of Polygon(MATIC) is expected to reach $0.00; based on the predicted price for this year, the cumulative return on investment of investing and holding Polygon until the end of 2030 will reach 27.63%. For more details, check out the Polygon price predictions for 2025, 2026, 2030-2050.

About Polygon (MATIC)

What Is Polygon?

Formerly known as Matic Network, Polygon is a unique protocol and framework designed for constructing and interlinking Ethereum-compatible blockchain networks. It has been skillfully engineered to counter some of the most notable drawbacks of the Ethereum blockchain, such as scalability issues and high transaction fees. With its robust, efficient, and flexible solutions, Polygon is revolutionizing the blockchain realm.

In a world where Ethereum maintains a significant influence over the blockchain industry, Polygon has successfully marked its presence, garnering the attention of developers and users alike. Established in 2017 by three passionate blockchain developers - Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, Polygon was born out of the shared aspiration to make blockchain technology more accessible and beneficial to all.

The primary goal of Polygon is to metamorphose Ethereum into a multi-chain ecosystem, often referred to as the 'Internet of Blockchains'. The design of Polygon promotes an environment where a multitude of blockchains can operate concurrently, while maintaining the capacity to interact and exchange information amongst themselves. These interconnected networks are known as 'Polygon chains'.

Flexibility is a key distinguishing factor of Polygon. It grants developers the liberty to launch any application, with the freedom to decide on scalability, security, sovereignty, and more. This means Polygon can accommodate multiple applications, each with its unique demands and specifications, thereby expanding the applicability and usability of blockchain technology.

Resources

Whitepaper: https://github.com/maticnetwork/whitepaper/

Official website: https://polygon.technology/

How Does Polygon Work?

At a macro level, the operation of Polygon is anchored on two primary components: The Polygon SDK and the Polygon Networks.

- The Polygon SDK: A flexible, modular, and open-source framework, the Polygon SDK equips developers with the capability to construct efficient and scalable Ethereum-compatible blockchains that can either stand alone or be secured chains. It's designed to cater to diverse types of applications and use-cases, ensuring it remains adaptable to varying developer needs.

- The Polygon Networks: These comprise different chain types, including standalone chains and secured chains. While standalone chains operate independently and are accountable for their own security, secured chains utilize the security of the Ethereum network or a pool of professional validators.

Polygon adopts a 'commit chain' approach, a key aspect of its operation. This strategy includes consolidating multiple transactions into one batch, or 'commit', which is then posted to the Ethereum mainnet. This significantly lightens the load on the Ethereum network, enabling swiffer transaction times and reduced fees.

Additionally, Polygon utilizes a 'Proof of Stake' consensus algorithm, a less resource-consuming alternative to the 'Proof of Work' algorithm used by Bitcoin networks. Validators in the Polygon network are selected based on the volume of tokens they own and are ready to 'stake' as collateral. These validators undertake the task of validating transactions and adding new blocks to the chain.

Further interoperability is achieved through bridges that facilitate secure communication between different Polygon chains and between Polygon and Ethereum. This yields an interconnected, flexible ecosystem capable of accommodating a variety of applications and use-cases.

What Is the MATIC Token?

The MATIC token, now known as the Polygon token, is an ERC-20 cryptocurrency that operates on the Ethereum network. Launched in 2017 by the Polygon team (then known as Matic Network), MATIC is not just a digital currency but also a critical element in the Polygon ecosystem. These roles include participating in the network's governance through voting, paying transaction fees, and staking in Polygon's proof-of-stake consensus mechanism to maintain network security. In essence, the MATIC token is the backbone that enables the efficient functioning and decentralization of the Polygon network. As Polygon continues to grow, so does the importance and utility of the MATIC token in the wider crypto ecosystem.

What Determines Polygon's Price?

The Polygon MATIC current price is a subject of keen interest in MATIC crypto news and is influenced by a plethora of factors. One of the key drivers is Polygon's utility as a Layer 2 scaling solution for Ethereum. As demand for quicker, more cost-effective transactions on Ethereum escalates, so does the utility—and by extension, the value—of MATIC.

This token plays a pivotal role in handling transaction fees and staking within the Polygon network. Recent data indicates a surge in decentralized application (DApp) activity on Polygon, a development that has positively influenced the MATIC USD price today. Governance matters like upgrades to Polygon 2.0 also significantly impact investor sentiment and thus, MATIC's price fluctuations.

Legal and regulatory landscapes are other essential factors in determining the MATIC price today. For example, a favorable court decision for XRP had a ripple effect on MATIC, causing a notable uptick in its price. Market sentiment, as often represented in real-time MATIC price charts and the MATIC coin market cap, is susceptible to such external events.

Moreover, MATIC's capped supply of 10 billion tokens adds an element of scarcity, which is generally considered a bullish indicator in MATIC coin latest updates and Polygon MATIC price prediction analyses.

Investor behaviors, such as trading volume and liquidity, contribute another layer to MATIC's price mechanism. Elevated trading volumes are often symptomatic of strong investor interest, which can lead to price volatility. If you're contemplating whether to buy MATIC Polygon or explore Polygon MATIC investment options, vigilance on these variables can offer invaluable insights.

So, is MATIC a good buy? Like any financial endeavor, it carries inherent risks and demands a cautious approach. However, its rising utility, constrained supply, and growing adoption suggest that it's a token worth monitoring closely.

In summary, the Polygon MATIC current price isn't merely a figure; it's an outcome of intricate interplays among utility, demand, the legal environment, and investor sentiment. Whether you're an experienced trader or a prospective investor, a deep understanding of these dynamics can guide you in making well-informed decisions in the ever-changing crypto marketplace.

Conclusion

Polygon is a shining beacon in the quest to resolve Ethereum's scalability issues. By facilitating an ecosystem that supports interconnected blockchain networks, it has provided a solution that could potentially result in faster, safer, and more economical transactions, thereby paving the way for broader adoption of blockchain technology.

As we continue to navigate the era of digital decentralization, gaining a thorough understanding of tools like Polygon is increasingly crucial. By addressing the limitations of the Ethereum network, Polygon not only enhances current systems but also lays a foundation for future advancements in the blockchain sector.

Related Articles about Polygon

Introduction to Polygon (MATIC)

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Bitget Insights

Bitcoinworld
Bitcoinworld
8h
Polygon Price Prediction 2025-2030: Will MATIC’s Remarkable Surge Reach $1?
As the cryptocurrency market continues to evolve, investors are eagerly watching Polygon (MATIC) and wondering about its future trajectory. With the Polygon network establishing itself as a leading Layer 2 scaling solution for Ethereum, the question on everyone’s mind is: Will MATIC price surge to $1 and beyond in the coming years? This comprehensive analysis provides detailed Polygon price predictions from 2025 through 2030, examining the fundamental drivers that could propel MATIC’s remarkable growth. What is Polygon and Why Does MATIC Price Matter? Polygon, formerly known as Matic Network, has transformed from a simple scaling solution into a full-fledged multi-chain ecosystem. The Polygon network addresses Ethereum’s scalability challenges by providing faster and cheaper transactions while maintaining security. MATIC serves as the native utility token powering this ecosystem, used for governance, staking, and paying transaction fees. Understanding the Polygon price prediction requires examining both technical fundamentals and market dynamics. Current MATIC Price Analysis and Market Position Before diving into future predictions, let’s examine MATIC’s current market position. As of [current date], MATIC trades at approximately [current price], with a market capitalization ranking it among the top 20 cryptocurrencies. The Polygon network has demonstrated impressive growth metrics: Over 1 million daily active addresses Thousands of decentralized applications built on the platform Strategic partnerships with major companies including Meta (formerly Facebook) and Stripe Consistent development activity and protocol upgrades Key Factors Influencing Polygon Price Prediction Several critical elements will determine whether MATIC price reaches $1 and beyond. These factors provide the foundation for our Polygon price prediction analysis: Factor Impact on MATIC Price Timeframe Ethereum Ecosystem Growth High Positive Correlation Long-term Polygon Network Adoption Direct Price Driver Medium to Long-term Cryptocurrency Market Cycles Significant Influence All Timeframes Regulatory Developments Variable Impact Ongoing Technical Upgrades (Polygon 2.0) Potential Catalyst 2024-2025 Detailed MATIC Price 2025 Prediction Our MATIC price 2025 prediction considers both bullish and conservative scenarios. By 2025, the Polygon network is expected to have fully implemented its Polygon 2.0 vision, creating what developers call the “Value Layer of the Internet.” This ambitious upgrade could significantly impact MATIC’s valuation: Bullish Scenario: $1.20 – $1.80 (Requires strong crypto bull market and massive Polygon network adoption) Base Scenario: $0.80 – $1.20 (Assumes steady growth and successful Polygon 2.0 implementation) Conservative Scenario: $0.50 – $0.80 (Accounts for market volatility and potential challenges) The key to achieving higher MATIC price levels in 2025 will be widespread adoption of Polygon’s zkEVM technology and expansion into new use cases beyond DeFi and NFTs. MATIC Future Price: 2026-2030 Long-term Outlook Looking beyond 2025, our MATIC future price analysis becomes increasingly dependent on macro trends in the cryptocurrency investment landscape. The period from 2026 to 2030 could see Polygon either cement its position as a leading blockchain infrastructure provider or face increased competition from emerging Layer 2 solutions. 2026 Polygon Price Prediction By 2026, the full effects of Polygon 2.0 should be evident in network metrics. If successful, this could push MATIC price to: Potential Range: $1.50 – $2.50 Key Drivers: Enterprise adoption, interoperability features, DeFi 2.0 growth 2028-2030 Long-term Forecast The 2028-2030 period represents the most speculative part of our Polygon price prediction. By this time, blockchain technology may have achieved mainstream adoption, potentially positioning Polygon as critical internet infrastructure: 2030 Optimistic Target: $5.00 – $8.00 Realistic Range: $2.50 – $4.00 Conservative Estimate: $1.50 – $2.50 These long-term MATIC future price projections assume continued technological innovation and growing recognition of Polygon’s value proposition in the broader cryptocurrency investment ecosystem. Will MATIC Reach $1? Critical Analysis The question “Will MATIC reach $1?” dominates discussions among investors. Based on our analysis, MATIC has a strong probability of reaching and potentially exceeding $1 during the 2025-2026 timeframe, provided these conditions are met: The broader cryptocurrency market enters a sustained bull cycle Polygon maintains its competitive advantage in Layer 2 scaling Network activity continues growing at current or accelerated rates Successful implementation of Polygon’s roadmap, particularly Polygon 2.0 Historical price action shows MATIC previously reached an all-time high near $2.92 in December 2021, demonstrating the token’s potential during favorable market conditions. Risks and Challenges for Polygon Network Growth While our Polygon price prediction presents optimistic scenarios, investors must consider potential risks: Competition: Emerging Layer 2 solutions and Ethereum’s own scaling improvements Regulatory Uncertainty: Changing global cryptocurrency regulations Technology Risks: Potential vulnerabilities in complex blockchain systems Market Volatility: Cryptocurrency’s inherent price fluctuations Adoption Hurdles: Slower-than-expected enterprise and consumer adoption Investment Strategies for MATIC Price Movements For those considering Polygon as a cryptocurrency investment, several strategies can help navigate potential MATIC price movements: Dollar-Cost Averaging: Regular investments regardless of price fluctuations Staking MATIC: Earning rewards while supporting network security Portfolio Diversification: Limiting Polygon exposure to appropriate risk levels Technical Analysis: Monitoring key support and resistance levels Fundamental Research: Staying informed about Polygon network developments FAQs About Polygon Price Prediction What is the highest price MATIC can reach by 2025? Based on our MATIC price 2025 prediction, the highest realistic price target ranges between $1.50 and $1.80 in a strong bull market scenario. How does Polygon compare to other Layer 2 solutions? Polygon offers a more comprehensive ecosystem than many competitors, with multiple scaling solutions including PoS chain, zkEVM, and Supernets. The network’s partnership with Ethereum and support from Coinbase through its Base network collaboration strengthens its position. Who are the key people behind Polygon? Polygon was co-founded by Sandeep Nailwal, Jaynti Kanani, and Mihailo Bjelic. The project has attracted notable advisors including Anatoly Yakovenko, co-founder of Solana. What companies are building on Polygon? Major companies building on Polygon include Meta (for digital collectibles), Stripe (for crypto payments), Reddit (for community points), and Instagram (for NFT integrations). Is MATIC a good long-term investment? MATIC presents compelling long-term potential as a cryptocurrency investment due to Polygon’s established position in the Layer 2 ecosystem, active development, and growing adoption. However, like all cryptocurrencies, it carries significant risk and volatility. Conclusion: The Future of Polygon and MATIC Price Trajectory Our comprehensive Polygon price prediction analysis suggests MATIC has legitimate potential to reach $1 and possibly exceed this milestone in the coming years. The Polygon network’s technological advantages, growing ecosystem, and strategic positioning within the Ethereum landscape create a strong foundation for future growth. However, investors should approach MATIC price predictions with balanced perspective, recognizing both the remarkable opportunities and inherent risks in cryptocurrency investment. The journey toward higher MATIC price levels will depend on continued execution of Polygon’s vision, broader market conditions, and the network’s ability to maintain its competitive edge. As the blockchain space evolves, Polygon’s adaptability and innovation will ultimately determine whether our MATIC future price predictions materialize. To learn more about the latest cryptocurrency markets trends, explore our article on key developments shaping Polygon, Ethereum, and other major blockchain projects in the evolving landscape of institutional adoption and technological innovation. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
RZCRYPTO1
RZCRYPTO1
22h
If someone asks me which of these two coins I would invest in, I would choose Polygon (MATIC). The reason is simple: XRP has a supply of 100 billion, while Polygon has a supply of 10 billion. A coin with a 100B supply is currently trading around $1.9, whereas a coin with a 10B supply is available at around $0.11 at the moment. If I buy XRP and hold it for the long term, due to its huge 100B supply, even with strong momentum it is unlikely to go beyond $6. But if I invest in Polygon at $0.12, and Polygon reaches $1, my investment would become 10x. So in comparison, XRP offers around 1x potential, while Polygon offers 10x potential. That’s why I would choose Polygon (MATIC) for investment. *Please share your opinion — which coin would you invest in?*
XRP+0.64%
Bitcoinworld
Bitcoinworld
1d
Polymarket Resumes Service: A Triumphant Return After Polygon Network Outage
Polymarket, the popular prediction market platform, is back in action. After a frustrating period of downtime caused by a Polygon network outage, the platform has successfully restored all services. This swift resolution brings relief to its user base, but it also raises important questions about infrastructure reliability in the decentralized space. Let’s explore what happened and what the future may hold as Polymarket resumes service. What Caused the Polymarket Service Interruption? The recent disruption stemmed from an outage on the Polygon network. This event prevented users from accessing the Polymarket platform, placing bets, or settling existing contracts. For a platform built on real-time event trading, such downtime is a significant operational challenge. However, the team’s technical response was notably efficient. They identified and resolved the core network issues, allowing Polymarket to resume service for all its functions. This incident highlights a critical vulnerability for dApps (decentralized applications) that rely on external Layer 2 solutions. While these solutions offer scalability and lower fees, their stability directly impacts the applications built on top of them. The rapid restoration shows Polymarket’s operational competence, but the event itself underscores a persistent risk in the ecosystem. Is Polymarket Building Its Own Layer 2 Solution? Following the outage, speculation has surged. According to reports from sources like Wu Blockchain, Polymarket may be prioritizing the development of its own dedicated Layer 2 server. The logic is compelling: recurring network problems threaten user trust and platform stability. By controlling its own infrastructure, Polymarket could potentially offer a more reliable and tailored experience. However, the company has remained tight-lipped. No official roadmap, specific technical plans, or public timeline for this initiative has been released. This strategic silence is common in the competitive crypto landscape. If true, such a move would represent a major shift from being an application to becoming a broader ecosystem player. The key questions remain: Would a proprietary Layer 2 enhance speed and reliability? How would it impact transaction costs for users? What are the trade-offs between independence and interoperability? What Does This Mean for Prediction Market Users? For traders and enthusiasts, the primary takeaway is that Polymarket has resumed service and operations are normal. The immediate crisis has passed. However, the event serves as a crucial reminder of the underlying technology’s evolving nature. Users should consider the following actionable insights: Infrastructure Risk is Real: Even major platforms face downtime. Never invest more than you can afford to lose access to temporarily. Monitor Official Channels: For real-time updates during outages, follow Polymarket’s official Twitter and blog. Diversification Matters: Consider using multiple prediction market platforms to mitigate reliance on a single network’s stability. The platform’s response to this challenge will be closely watched. A move to its own Layer 2 could be a game-changer, promising greater uptime and control. Conversely, it could introduce new complexities. For now, users can confidently log back in, but they should do so with a heightened awareness of the technical landscape that powers their trades. The Road Ahead for Polymarket and Decentralized Platforms The fact that Polymarket resumes service so quickly is a positive sign of its technical resilience. Yet, this episode is part of a larger narrative for Web3. As decentralized applications grow, their dependence on robust, scalable, and reliable blockchain infrastructure becomes paramount. This incident may accelerate a trend where leading dApps build bespoke scaling solutions to guarantee their own performance and user experience. In conclusion, Polymarket’s recovery from the Polygon network issues is a testament to its operational team’s skill. The ensuing speculation about a proprietary Layer 2 reveals the strategic crossroads facing major dApps: continue relying on shared networks or invest in sovereign infrastructure. For the user, the platform is back online, but the journey toward a truly seamless and reliable decentralized future continues. Frequently Asked Questions (FAQs) Is Polymarket fully functional now? Yes. Polymarket has announced that it has resolved the issues related to the Polygon network outage and has fully restored its site and all trading functions. What caused the Polymarket outage? The service interruption was caused by an outage on the Polygon network, the Layer 2 blockchain on which the Polymarket application is built. Is Polymarket really building its own blockchain? There is speculation from industry analysts that Polymarket is prioritizing development of its own Layer 2 server. However, the company has not released any official plans or a timeline, so this remains unconfirmed. Will a Polymarket Layer 2 be better for users? Potentially. A dedicated Layer 2 could offer improved reliability, faster transactions, and possibly lower fees. However, it also depends on the implementation and could affect interoperability with other applications. Should I be worried about future outages? Outages are a known risk in the blockchain space. While Polymarket’s quick fix is reassuring, users should always practice risk management, such as not over-leveraging and staying informed through official channels. Where can I get official updates from Polymarket? You should follow Polymarket’s official Twitter account (@Polymarket) and check their official blog for the most accurate and timely updates. Found this breakdown helpful? The world of crypto prediction markets moves fast. Share this article on Twitter or LinkedIn to help other traders stay informed about the infrastructure changes shaping the platforms they use every day. To learn more about the latest trends in blockchain scalability and Layer 2 solutions, explore our article on key developments shaping Ethereum’s ecosystem and future price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Cryptotale
Cryptotale
2d
Polygon Backs Boys Club to Shift Crypto From Tech to Culture
Polygon Labs backs Boys Club to expand cultural understanding of crypto payments. Investment prioritizes storytelling on stablecoins and daily blockchain use cases. Partnership preserves editorial independence while supporting Polygon’s payment strategy. Polygon Labs announced a strategic investment in the media studio Boys Club through its official channels, outlining a cultural partnership rather than a technical one. The deal involves Polygon Labs and Boys Club, operates across the U.S.-based crypto media space, and centers on payments, stablecoins, and everyday blockchain use. The investment aims to explain how crypto works in daily life, not how protocols upgrade. Focus Shifts From Infrastructure to Cultural Reach Polygon Labs said the investment supports its work on cross-border payments, stablecoins, and consumer financial tools. However, the company framed the move around communication rather than protocol development. Boys Club will collaborate on selected initiatives while remaining an independent, revenue-generating media studio. Since 2021, Boys Club has built an audience through newsletters, podcasts, and events. According to the studio, its reporting targets readers who avoid traditional technology coverage. Because of this, their work often explains complex systems using humor and familiar cultural references. Polygon Labs said that technology by itself isn’t enough to drive adoption. People need simple explanations and real-life examples they can relate to. That’s why the company picked a media partner known for turning complicated ideas into plain language. This strategy follows earlier moves in the industry, where blockchain projects worked with creators and media teams. Those efforts aimed to make crypto feel less like speculation and more like something useful in everyday life. Polygon Labs positioned this investment within that same adoption framework. Editorial Independence Central to the Partnership Polygon Labs emphasized that Boys Club retains full editorial control and operational autonomy. The studio will not act as Polygon’s content department. Instead, it will continue working across multiple ecosystems, including Base, Solana, and Aptos. This structure addresses concerns around neutrality in crypto media partnerships. However, Polygon Labs described independence as a requirement, not a concession. According to the company, open cultural collaboration supports an interoperable blockchain environment. Boys Club confirmed it will continue producing independent reporting and creative projects. Its existing partnerships with Coinbase, Sotheby’s, and a16z remain unchanged. Therefore, the investment does not restrict future collaborations. By keeping editorial distance, the partnership avoids direct brand promotion. Instead, it focuses on explaining how blockchain products appear in real situations. This includes payments, remittances, and consumer-facing applications. Related: Revolut Integrates Polygon for Stablecoin Payment and Trading Payments and Stablecoins Polygon Labs said Boys Club will support storytelling around payments and stablecoins. These efforts will connect Polygon’s infrastructure to common financial actions. Examples include sending money instantly or using consumer applications like Polymarket. The collaboration also includes support for events tied to real-world utility. According to Polygon Labs, these events aim to show how blockchain tools function outside trading contexts. Notably, the focus stays on usage rather than market performance. Polygon’s broader strategy already centers on payments infrastructure. The network processes stablecoin activity in several markets. However, the company stated that cultural understanding remains a missing link for wider use. Industry analysts noted that similar investments have increased across the sector. Infrastructure firms increasingly fund media and education efforts. This trend reflects a shift toward adoption through familiarity rather than technical depth. Polygon previously raised notable funding in 2022 and expanded institutional partnerships. However, this investment differs in scope and intent. It centers on narrative clarity instead of capital expansion. Polygon backing Boys Club consolidates several threads into one strategy. The investment links payments infrastructure, stablecoin use, and cultural storytelling under a single framework. Together, the partnership shows how crypto explanations increasingly rely on media clarity rather than technical change. Disclaimer: The information provided by CryptoTale is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. CryptoTale is not liable for any financial losses resulting from the use of the content. Tags Market News Polygon (MATIC) News

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What is Polygon and how does Polygon work?

Polygon is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Polygon without the need for centralized authority like banks, financial institutions, or other intermediaries.
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FAQ

How does Polygon (MATIC) differentiate itself from other Layer 2 solutions?

Polygon stands out because of its flexibility. Instead of offering a single Layer 2 scaling solution, it provides a framework for building multiple kinds of solutions, such as Plasma, zk-Rollups, and sidechains. This multi-solution approach allows developers to choose the best scaling option suited for their specific needs.

How many transactions per second (TPS) can Polygon handle compared to Ethereum?

Polygon offers a remarkable transaction processing speed, reaching peak loads of up to 65,000 TPS. In contrast, Ethereum's current capacity stands around 13 TPS. This demonstrates a substantial enhancement in throughput that Polygon provides compared to the Ethereum mainnet.

Why is the value of Polygon (MATIC) increasing?

The value of MATIC can increase for a variety of reasons: - Increased adoption of Polygon as a Layer 2 solution for various projects and DApps, resulting in higher utility and demand for MATIC tokens. -General positive sentiment in the overall cryptocurrency market. - Partnerships, developments, or announcements related to the Polygon network. - Speculative interest and trading volumes.

Why do we sometimes see a disparity in MATIC's price across different exchanges?

Minor price discrepancies, known as "arbitrage opportunities," can arise due to differences in trading volume, liquidity, regional demand, or latency in updating prices among exchanges. Traders sometimes exploit these discrepancies by buying on one exchange and selling on another. However, such opportunities are often short-lived as market forces work to equalize prices across platforms.

How do external market events affect the price of MATIC?

Like other cryptocurrencies, MATIC's price can be influenced by broader market events. Positive news about cryptocurrency adoption, favorable regulatory developments, or technological breakthroughs can push the price up. Conversely, negative news, regulatory crackdowns, or macroeconomic downturns can exert downward pressure on the price.

How do transaction fees on Polygon compare to those on the Ethereum mainnet?

Compared to the Ethereum mainnet, Polygon offers substantially lower transaction fees. This is because Polygon, as a Layer 2 solution and with its sidechains, processes transactions more efficiently. This cost-effectiveness attracts many projects and users who wish to bypass the high gas fees often seen on Ethereum, especially during network congestion.

What is the current price of Polygon?

The live price of Polygon is $0 per (MATIC/USD) with a current market cap of $0 USD. Polygon's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Polygon's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Polygon?

Over the last 24 hours, the trading volume of Polygon is $1.27M.

What is the all-time high of Polygon?

The all-time high of Polygon is $2.92. This all-time high is highest price for Polygon since it was launched.

Can I buy Polygon on Bitget?

Yes, Polygon is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy polygon guide.

Can I get a steady income from investing in Polygon?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Polygon with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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