MA

Polygon

MATIC
Layer 2Rank #15Ethereum

$0.000000

+0.00%24h
+0.00%7d

Market Cap

$0

Volume 24h

$115,729

Vol / Market Cap

0%

Rank

#15

MATIC Price Chart

About Polygon

Polygon is a Layer 2 scaling solution that improves Ethereum scalability and reduces transaction costs.

Polygon is an Ethereum Layer 2 scaling solution that improves transaction speed and reduces costs while maintaining compatibility with Ethereum smart contracts.

How It Works

A scaling solution for Ethereum that uses "Sidechains" and "Rollups." It allows developers to run their Ethereum-compatible apps on a faster, cheaper secondary network while periodically settling the final data on the main Ethereum blockchain for security.

Use Cases

Ethereum Efficiency: Used to pay for transaction fees on a suite of scaling solutions (Sidechains and Rollups) that make Ethereum-based apps faster and more affordable for mass users.

Tokenomics

Layer 2 Aggregator: Originally a sidechain, now a suite of scaling solutions. It is used to pay for transaction fees on the Polygon PoS chain and acts as the governance and staking token for a massive ecosystem of Ethereum-compatible dApps.

Risks & Considerations

Migration from legacy tokens and heavy competition from other rollups creates a fragmented brand and liquidity risk.

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