Matic Network  MATIC Price & Markets

$0.67

-7.66% (24H)
Low $0.65
High $0.68
  • Market Cap $6.60 B
  • Volume $538.78 M
  • Available Supply 9.90 B MATIC

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# ExchangePairPriceVolume (24h)UpdatedTrust Score

Polygon(MATIC) current price is $0.67 with a marketcap of $6.60 B. Its price is -7.66% down in last 24 hours.

Polygon, formerly Matic Network, is a layer-2 scaling solution designed to enable fast, secure and low-cost transactions on Ethereum. It is based on an adapted version of Plasma with PoS based side chains. In simpler words, this technology allows people to use the Ethereum blockchain for fast transactions while keeping their costs as low as possible.

The Polygon MATIC SDK enables developers to easily build their projects quickly by providing the tools they need at their disposal. With the MATIC SDK, developers can create layer 2 dApps such as DeFi apps and gaming platforms in no time. The platform also provides access to automated market makers (AMM), flash loans and robust staking functionalities for decentralized exchanges (DEXs).

Through its infrastructure framework called Polygon Hub, organizations can build better financial applications or even connect services together without worrying about latency issues due to complex network topology or high transaction fees affecting end users’ experience. This way it gives more control over data storage and security since each service-connected via Polygon hub operates independently of one another but securely using fine-grained authorization policies between the services involved in the process. Developers are also able to take advantage of features like zero-knowledge proofs, which allow them to prove possession of cryptographic material without disclosing it while preserving privacy during transactions on the blockchain itself.

Overall, Polygon offers an efficient way for businesses and developers alike to build innovative applications with increased scalability while keeping costs down.

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