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Polygon price
in USD$0.23060
-$0.00590 (-2.50%)
USD
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Market cap
$2.08B
Circulating supply
9.03B / 10.47B
All-time high
$0.76850
24h volume
$105.09M
About Polygon
Polygon is a scaling solution designed to improve the performance of Ethereum by offering faster transactions and lower fees. It works alongside Ethereum to enhance usability without sacrificing security. For investors, MATIC offers exposure to a growing network that supports many popular decentralized apps and services.
Polygon has gained adoption across DeFi, NFTs, and gaming, and is compatible with Ethereum wallets and tools. Its focus on user experience and scalability makes it an appealing option for those looking to participate in the Ethereum ecosystem with better efficiency.
Last audit: 19 Apr 2021, (UTC+8)
Polygon’s price performance
Past year
--
$0.00
3 months
-1.04%
$0.23
30 days
+29.76%
$0.18
7 days
-8.13%
$0.25
Polygon in the news
Polygon (POL) joined Bitcoin Cash (BCH) as an underperformer, declining 2.8% from Monday.
Polygon (POL) joined Stellar (XLM) as a top performer, rising 6.7% from Tuesday.
The token was trading at $0.1891 at press time, up 2.8% over the last 24 hours.
Polygon on socials
In the blink of an eye, it's July 29.
The end of the month is here, so let's write a summary.
In the past month, most cryptocurrencies have seen positive growth (averaging about 40%). The highest increases are concentrated in specific narratives (for example, CFX is influenced by the Chinese blockchain concept, and PENGU, as a meme NFT led by US capital, has taken the lead).
The series
has extreme growth (averaging about 70%), but the distribution is uneven (high like PENGU, low like TRUMP), reflecting event-driven funding.
PENGU benefits from the market's initiation + the crypto community rallying around US meme ETFs.
BONK counters the PUMP launch pad.
SPX has strong characteristics of community-led initiatives.
VINE integrates Twitter, reviving the VINE movement thanks to Musk.
PEPE and TRUMP have lost their main narratives, following the market's fluctuations. The previous narrative MEME was about leveraging this chain, while this wave is about compliant DeFi, but it also follows ETH's delayed rally.
2. Public Chains
CFX is a stablecoin driven by Chinese speculation.
IP has high control.
HYPE has real returns in perp.
ALGO and ADA also follow compliance, riding the wave of US payment coins like XRP.
SUI is a blue-chip chain that has been oscillating within, facing a situation similar to SOL, struggling to rise and stabilize.
3. L2 Chains
Although the concepts are delineated, ARB and OP's rallies also benefit from the overall market, belonging to the upward trend.
4. DeFi
Stablecoin legislation, compliance, following ETH.
CEV, ENS, LDO, etc.
Early projects like AAVE and UNI have instead hit a bottleneck.
5. XRP Series Payments
The entire payment narrative follows XRP's violent fluctuations, with funding attributes being relatively independent.
XLM, XRP, QNT, ADA, etc.
6. There aren't any good tokens in the AI concept, and the rallies lack funding; they are scams that come quickly and leave just as fast.
Such as SWARMS, AVAAI, TAO, WLD, etc.
High increases (>100%) are mostly driven by specific events and funding, and overall, there is still no altcoin narrative; it's just that the overall market has provided a good environment.
Guides
Find out how to buy Polygon
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Polygon’s prices
How much will Polygon be worth over the next few years? Check out the community's thoughts and make your predictions.
View Polygon’s price history
Track your Polygon’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Polygon on OKX Learn
We're Launching X Layer, a New zKEVM Layer-2 Network, Built with Polygon CDK
X Layer connects our 50m+ users with massive global Polygon and Ethereum builder communities This collaboration also sees us becoming a core contributor for Polygon CDK, committing engineering and oth
Polygon (POL) Surges Amid Bullish Momentum: Key Insights on Price, Technology, and Adoption
Introduction: Polygon's Recent Surge and Growing Market Presence Polygon (POL), formerly known as MATIC, has solidified its position as a leading blockchain solution, capturing attention with signific
Polymarket's TVL Plummets 64% Post-Election Amid Polygon's Resilient Blockchain Activity
Polymarket's TVL Trends and User Activity Polymarket, a decentralized prediction market platform, has recently experienced a sharp decline in Total Value Locked (TVL), dropping by 64% from $512 millio
Polygon 2.0: Transitioning to POL Token and Redefining Blockchain Scalability
Introduction: Polygon's Bold Step Towards 2.0 Polygon, a leading blockchain platform, is embarking on a transformative journey with its ambitious '2.0' roadmap. At the heart of this evolution is the m
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Polygon FAQ
Currently, one Polygon is worth $0.23060. For answers and insight into Polygon's price action, you're in the right place. Explore the latest Polygon charts and trade responsibly with OKX.
Cryptocurrencies, such as Polygon, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Polygon have been created as well.
Check out our Polygon price prediction page to forecast future prices and determine your price targets.
Dive deeper into Polygon
Polygon (formerly Matic Network) is a Layer-2 Ethereum scaling solution that aims to address the scalability issues faced by blockchain networks, particularly Ethereum. It provides a framework for creating interoperable and scalable blockchain applications with lower gas fees and faster speeds. The native token of Polygon is called POL.
Polygon uses Plasma technology to process transactions off-chain before finalizing them on the Ethereum network, achieving high transaction throughput. With the Plasma framework, Polygon can theoretically process 60K+ transactions per second on a single sidechain at near-zero fees while maintaining the security and integrity of the main Polygon chain. The network relies on a set of PoS validators to ensure the accuracy and security of off-chain transactions.
One of the key features of Polygon is its compatibility with Ethereum, allowing developers to deploy Ethereum-compatible blockchains with ease. It also supports a variety of decentralized finance (DeFi) protocols and enables applications such as blockchain-based games and NFT marketplaces.
The POL token is used for participating in network governance, paying transaction fees, distributing staking rewards, and staking collateral to become a validator.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$2.08B
Circulating supply
9.03B / 10.47B
All-time high
$0.76850
24h volume
$105.09M