Polygon
MATIC$0.000000
Market Cap
$0
Volume 24h
$115,729
Vol / Market Cap
0%
Rank
#15
MATIC Price Chart
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.
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.
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.
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.
Migration from legacy tokens and heavy competition from other rollups creates a fragmented brand and liquidity risk.
