Polygon MATIC

1. Summary

Ranks

Liquidity

100

Developer

65

Social

100

Momentum (beta)

6

Stack Rank™

45

Price

$0.67 +3.1%

Market Cap

$6.27B (#16)

Supply

9.28B / 10.00B

Tags

Smart Contracts Binance Smart Chain Ecosystem Polygon Ecosystem Harmony Ecosystem Smart Contracts Polygon Ecosystem Binance Smart Chain Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Moonriver Ecosystem Moonbeam Ecosystem Layer 2 Zero Knowledge (ZK) Layer 2 (L2) Alleged SEC Securities Binance Launchpad FTX Holdings Платформа смарт-контрактов BNB 链生态系统 以太坊生态系统 智能合约平台 Экосистема Ethereum Platforma smart kontraktów Plataforma de contrato inteligente منصة العقود الذكية نظام BNB Chain نظام Ethereum نظام Harmony نظام Polygon Écosystème Chaîne BNB Écosystème Ethereum Écosystème Moonriver Écosystème Polygon Plateforme de contrats intelligents BNB Chain Ekosistemi Ethereum Ekosistemi Smart-Contract-Plattform BNB Chainエコシステム Ecossistema BNB Chain Ecossistema Ethereum Экосистема BNB Chain Экосистема Moonriver Экосистема Polygon Ethereumエコシステム Harmonyエコシステム Polygonエコシステム Akıllı Sözleşme Platformu Conocimiento cero (ZK) المعرفة الصفرية Harmony Ekosistemi Moonbeam Ekosistemi Moonriver Ekosistemi Polygon Ekosistemi Ekosystem BNB Chain Nền tảng hợp đồng thông minh Ethereum-Ökosystem Conoscenza zero (ZK) Ecosistema BNB Chain Ecosistema Ethereum Ecosistema Harmony Ecosistema Moonbeam Ecosistema Moonriver Ecosistema Polygon Piattaforma di smart contract BNB Chain-Ökosystem عملة Layer 2 (L2) نظام Moonbeam نظام Moonriver Hệ sinh thái BNB Chain Hệ sinh thái Ethereum Platform Kontrak Cerdas Moonriver 生态系统 Polygon 生态系统 스마트 계약 플랫폼 Harmony 生态系统 이더리움 생태계 BNB Chain 생태계 Ekosystem Ethereum Ekosistem Ethereum Ekosistem Moonriver Ekosistem Polygon Eksosistem BNB Chain Coinbase Ventures Portfolio Rollup スマートコントラクトプラットフォーム Proof of Stake (PoS) Couche 2 (L2) Écosystème Harmony Écosystème Moonbeam Ecossistema Moonriver Ecossistema Polygon Plataforma de Contratos Inteligentes Ekosystem Harmony Ekosystem Moonbeam Ekosystem Moonriver Ekosystem Polygon Warstwa 2 (L2) Wiedza zerowa (ZK) Harmony-Ökosystem Moonbeam-Ökosystem Moonriver-Ökosystem Polygon-Ökosystem Экосистема Harmony Capa 2 (L2) 레이어 2(L2) Harmony 생태계 Moonbeam 생태계 Moonriver 생태계 Polygon 생태계 영지식(ZK) 第二层（L2） 零知识（ZK） Нулевое разглашение (ZK) Уровень 2 (L2) Экосистема Moonbeam Hệ sinh thái Moonriver Hệ sinh thái Polygon レイヤー 2 (L2) Moonbeamエコシステム Moonriverエコシステム ゼロ知識 (ZK) Hệ sinh thái Harmony Ekosistem Harmony Camada 2 (L2) Conhecimento Zero (ZK) Ecossistema Harmony Ecossistema Moonbeam Hệ sinh thái Moonbeam Lớp 2 (L2) Moonbeam 生态系统 Ekosistem Moonbeam

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Price
52W High price	$1.27
52W High date	14th Mar 2024 (1 month ago)
All Time High (ATH) Date	27th Dec 2021 (2 years ago)
ATH Price	$2.92
% From ATH	-77%
All Time Low (ATL) Date	10th May 2019 (4 years ago)
ATL Price	$0.003143760000
% From ATL	21233.47%

Supply & Trading Volume
Trading Volume (24h)	$437.26M
Total Supply	10.00B
Max Supply	10.00B
Circulating Supply	9.28B

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Description

Polygon was formerly known as the Matic Network before it rebranded. Polygon is an interoperability as well as a scaling framework intended for building Ethereum-compatible blockchains. It is centered around the MATIC token used for governance, staking as well as gas fees.

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Polygon was formerly known as the Matic Network before it rebranded. Polygon is an interoperability as well as a scaling framework intended for building Ethereum-compatible blockchains. It is centered around the MATIC token used for governance, staking as well as gas fees.

In February of 2021, the Ethereum Layer 2 Scaling Solution rebranded itself as Polygon, an interoperable blockchain scaling network.

The main intention of Polygon is to address Ethereum’s limitations, such as the throughput, high speed, and delayed transactions, and lack of community governance. It is designed to be an entire platform designed for launching interoperable blockchains. In fact, through Polygon, developers have the ability to launch preset blockchain networks with attributes that are tailored to their specific needs and can be further customized with a range of modules that allow developers to create sovereign blockchains with specific use-cases and functionality.

A developer can essentially create optimistic rollup chains, ZK rollup chains, standalone chains as well as anything else required by the developer. Through this, it transforms Ethereum into a multi-chain system.

The MATIC Token Explained

In fact, anyone can stake their MATIC tokens on root contracts. Block procedures are selected by PoS stakers, and to achieve faster block generation times, the block producers are few in numbers. Anyone on the mainchain can submit details about the transaction that they think is fraudulent, and if the challenge is a success, the stakes of the parties involved in the fraud are slashed and the challenger receives the slashed funds.

Despite the rebranding, the MATIC token still exists and will play an important role in securing the system and enabling governance.

Features of Polygon

Polygon describes itself as the Layer 2 scaling solution, which means that it does not seek to upgrade the current basic blockchain layer. The project focuses on reducing the complexities when it comes to scalability as well as instant blockchain transactions.

It uses a customized version of the Plasma framework, originally built on Proof-of-Stake (PoS) checkpoints, that run through the Ethereum main-chain. As such, Polygon can achieve 65,536 transactions per block.

The sidechains of Polygon are structurally designed to support a variety of Decentralized Finance (DeFi) protocols which are already available on the Ethereum ecosystem as well.

Founders of Polygon (MATIC)

Regarding its history, it was launched in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.

The interesting part about this team is the fact that they work on the Ethereum ecosystem prior to launching the Matic Network, which would eventually rebrand to Polygon. They worked on Plasma MVP, the WalletConnect protocol, as well as the Dagger event notification engine on Ethereum.

Jaynti Kanani is the co-founder of Polygon and is a full-stack developer as well as a blockchain engineer which fills the role of the CEO at the company.

Anurag Arjun is the co-founder of Polygon but fills the role of a product manager, and has worked with Dexter Consultancy, IRIS Business, SNL Financial, and Cognizant Technologies.

Sandeep Nailwal fills the role as the COO of Polygon, and prior to this, he was the CEO of Scopeweaver, as well as the CTO of Welspun Group.

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