Polygon MATIC
1. Summary
- Price
-
$0.49 +10.0%
- Market Cap
- $932.93M (#109)
- Supply
- 4.70B / 10.00B
- 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.
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.
| Price | |
| 52W High price | $1.27 |
| 52W High date | 14th Mar 2024 (9 months ago) |
| All Time High (ATH) Date | 27th Dec 2021 (2 years ago) |
| ATH Price | $2.92 |
| % From ATH | -86.92% |
| All Time Low (ATL) Date | 10th May 2019 (5 years ago) |
| ATL Price | $0.003143760000 |
| % From ATL | 12034.68% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $9.42M |
| Total Supply | 10.00B |
| Max Supply | 10.00B |
| Circulating Supply | 4.70B |
MATIC
How does Polygon's (MATIC) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
0.2%
MATIC
-0.3%
Similar Market Cap
60 Day Return
-23.9%
MATIC
-6.3%
Similar Market Cap
1 Year Return
-30.7%
MATIC
-11.3%
Similar Market Cap
We're monitoring 109 Polygon GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Polygon Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 120 commits vs. an average of 7
- Past year: 1,228 commits vs. an average of 104
Most Active Repos
| Past week | 119 |
|---|---|
| Past 12 weeks | 457 |
| Past year | 1791 |
| Past week | 15 |
|---|---|
| Past 12 weeks | 62 |
| Past year | 1045 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 996 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 5 |
| Past year | 730 |
| Past week | 50 |
|---|---|
| Past 12 weeks | 136 |
| Past year | 650 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 49 |
| Past year | 534 |
Top Developers 2024
In total, 962 developers have contributed to Polygon over the past year. Who are the most active Polygon developers, by commits, over the past year?
Related Projects
Developers working on Polygon also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 59,187 |
|---|---|
| Active Reddit Users (past 24h) | 7 |
| Discord users | 180,164 |
| Active Discord Users | 10,807 |
| Telegram Users | 58,292 |
| Twitter followers | 2M |
-
cryptoslate.com/polygon-rejects-proposal-to-bridge-funds-into-morpho-to-drive-defi-growth/
-
cryptoslate.com/polygon-rejects-proposal-to-bridge-funds-into-morpho-to-drive-defi-growth/
-
cryptoslate.com/polygon-rejects-proposal-to-bridge-funds-into-morpho-to-drive-defi-growth/
-
cryptoslate.com/polygon-accuses-aave-of-monopolistic-practices-amid-defi-dispute/
-
cryptoslate.com/polygon-accuses-aave-of-monopolistic-practices-amid-defi-dispute/
-
cryptoslate.com/polygon-accuses-aave-of-monopolistic-practices-amid-defi-dispute/
-
cryptopotato.com/lido-announces-phase-out-of-polygon-liquid-staking-protocol-after-communi...
-
cryptopotato.com/lido-announces-phase-out-of-polygon-liquid-staking-protocol-after-communi...
-
cryptopotato.com/lido-announces-phase-out-of-polygon-liquid-staking-protocol-after-communi...
-
cryptoslate.com/aave-mulls-polygon-exit-over-risky-stablecoin-proposal/
-
cryptoslate.com/aave-mulls-polygon-exit-over-risky-stablecoin-proposal/
-
cryptoslate.com/aave-mulls-polygon-exit-over-risky-stablecoin-proposal/
-
cryptoslate.com/aave-mulls-polygon-exit-over-risky-stablecoin-proposal/
-
cryptoslate.com/press-releases/stabull-finance-launches-stablecoin-and-real-world-assets-d...
-
cryptoslate.com/press-releases/stabull-finance-launches-stablecoin-and-real-world-assets-d...
-
cryptoslate.com/press-releases/stabull-finance-launches-stablecoin-and-real-world-assets-d...
-
cryptoslate.com/press-releases/stabull-finance-launches-stablecoin-and-real-world-assets-d...
-
cryptoslate.com/press-releases/stabull-finance-launches-stablecoin-and-real-world-assets-d...
-
cryptoslate.com/press-releases/stabull-finance-launches-stablecoin-and-real-world-assets-d...
-
coindesk.com/markets/2024/12/13/polygon-dao-weighs-1-3-b-stablecoin-deployment-to-generate...
-
coindesk.com/markets/2024/12/13/polygon-dao-weighs-1-3-b-stablecoin-deployment-to-generate...
-
coindesk.com/markets/2024/12/13/polygon-dao-weighs-1-3-b-stablecoin-deployment-to-generate...
-
coindesk.com/markets/2024/12/13/polygon-dao-weighs-1-3-b-stablecoin-deployment-to-generate...
-
coindesk.com/markets/2024/12/13/polygon-dao-weighs-1-3-b-stablecoin-deployment-to-generate...
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://matic.network |
|---|---|
| Explorer | https://etherscan.io/token/0x7d1afa7b718fb893db30a... |
| @0xPolygon | |
| /r/maticnetwork | |
| Whitepaper | https://github.com/maticnetwork/whitepaper/blob/master/README.md |
What is the correct contract address for Polygon?
| Sora | 0x009134d5c7b7fda8863985531f456f89bef5fbd76684a8acdb737b3e451d0877 |
|---|---|
| Energi | 0x98997e1651919faeacee7b96afbb3dfd96cb6036 |
| Ethereum | 0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0 |
| Moonbeam | 0x3405a1bd46b85c5c029483fbecf2f3e611026e45 |
| Moonriver | 0x682f81e57eaa716504090c3ecba8595fb54561d8 |
| Harmony-shard-0 | 0x301259f392b551ca8c592c9f676fcd2f9a0a84c5 |
| Binance-smart-chain | 0xcc42724c6683b7e57334c4e856f4c9965ed682bd |
Has Polygon been audited for security?
No security audits found for this project.
Are you the owner of Polygon? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.