Polygon Price Today

Polygon (MATIC), or the “layer 2” of the Ethereum blockchain, is a crypto asset owned by Polygon and co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017. MATIC, as one of the fastest-growing crypto assets, provides a scaling solution with lower fees and quicker transactions.

Why MATIC Is Unique?

1. Security and scalability
2. Quicker transaction process and lower gas fees
3. MATIC hodlers can vote for future MATIC developments

What Affects The Price of MATIC?

1. Market's supply and demand
2. New protocols and cross-chain migration project

What Gives MATIC Value?

1. Compatibility with other Ethereum-based digital assets
2. Facilitates developers quicky and easily using its own software developer kit (Polygon SDK)
3. Quicker transaction process and lower gas fees

How Secure Is The MATIC Network?

Polygon (MATIC) uses a low-energy Proof-of-Stake (PoS) model to secure the network.

FAQ

What is the Polygon MATIC token used for?
MATIC is used to pay all transactions on the plasma chains (Polygon network). More Polygon projects mean higher demand for MATIC.

How many Polygon (MATIC) tokens are there?
According to Investopedia, there are 8.73 billion MATIC that have already been circulated.

Should you invest in MATIC?
Polygon (MATIC) aims to improve Ethereum ecosystem. Investing in MATIC contributes to making a flexible and scalable Ethereum blockchain.