Polygon Information

Polygon, previously known as Matic Network, aims to improve blockchain scalability and interoperability on the Ethereum network. By offering Layer 2 scaling solutions, it enhances transaction speed and reduces associated costs, making decentralized applications more efficient. With its growing ecosystem, Polygon has become a pivotal platform in the expansion and adoption of Ethereum-based projects.

Polygon

$0.45

Title : Polygon
Symbol : matic
Current Price $ : 0.451542 $
High 24h : 0.464464 $
Low 24h : 0.429425 $
Price Change 24h : 0.0106251 $
Price Change % 24h : 2.40978 %
Market Cap : 848872681
Whitepaper : https://polygon.technology/lightpaper-polygon.pdf
Website : https://polygon.technology/
Total Volume : 13942193
Market Cap Change 24h : 22587484
Market Cap Change % 24h : 2.73362 %
Return on Investment (ROI) : 17068.880611483 %
Circulating Supply : 1876594759.7349
Total Supply : 10000000000
Max Supply : 10000000000
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 2.92
ATH Change % : -84.50901 %
ATH Date : 2021-12-27 02:08
All Time Low (ATL) : 0.00314376
ATL Change % : 14269.98752 %
ATL Date : 2019-05-10 00:00

more information

Introduction to Polygon: Bridging Blockchains

Polygon, formerly known as Matic Network, has established itself as an influential player in the cryptocurrency arena. Designed as a solution to Ethereum’s scalability issues, Polygon provides a framework for building easily connectable blockchain networks. With its native token, MATIC, Polygon has been instrumental in enhancing the throughput of DeFi projects and NFTs. Let’s explore the journey of Polygon, its benefits, drawbacks, and prospects for the future.

The Evolution of Polygon

Launched in 2017, MATIC was built to improve Ethereum's interactivity, reduce transactional costs, and build a multichain ecosystem compatible with Ethereum Virtual Machine (EVM). Throughout its history, Polygon experienced significant milestones. Its most notable run was in late 2021 when it hit an all-time high of $2.92, thanks to the surge in interest around Layer 2 solutions and sidechains. Despite the current bearish trend, where the price is substantially lower, the innovation and partnerships Polygon has forged continue to drive its utility and adoption.

Advantages of Polygon

Polygon's technology offers numerous advantages:

Scalability: Polygon is renowned for its ability to improve transaction speeds and reduce the cost of operations on the Ethereum blockchain, making it an optimal solution for developers.
Interoperability: It provides tools that enable the connection of different blockchain networks, leading to enhanced cross-chain transactions.
Robust Ecosystem: With a vast ecosystem that encompasses over 700 DApps, its integration with Ethereum allows easy migration for developers looking to expand their projects.
Security: The network leverages Ethereum’s security mechanisms, giving it a robust security foundation while maintaining independence.

Challenges and Drawbacks of Polygon

Despite its advancements, Polygon faces several challenges:

Competition: As a Layer 2 solution, it faces intense competition from other projects like Arbitrum, Optimism, and other multichain protocols.
Market Volatility: Like many cryptocurrencies, MATIC is subject to significant market fluctuations, which can affect investor confidence.
Dependence on Ethereum: Its heavy reliance on Ethereum means that any issues with the Ethereum network may indirectly impact Polygon’s performance.

Future Prospects

The future for Polygon looks promising as it continues to evolve with the blockchain landscape:

Scalability and Innovation: With ongoing advancements in zk-rollups and the potential launch of new scaling technologies, Polygon aims to bolster its offering.
Community and Development: An active community and consistent developer interest will likely sustain its growth trajectory.
Strategic Partnerships: Collaborations with major platforms such as Google Cloud and strategic blockchain integrations provide a favorable outlook.

In conclusion, while Polygon faces competition and market challenges, it remains a pivotal player in tackling scalability issues and driving blockchain interoperability. As the digital ecosystem expands, Polygon's role could become even more significant in the coming years.

General Information
from price $0
Title Polygon
Symbol matic
Whitepaper https://polygon.technology/lightpaper-polygon.pdf
Website https://polygon.technology/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.451542 $
High 24h 0.464464 $
Low 24h 0.429425 $
Price Change 24h 0.0106251 $
Price Change % 24h 2.40978 %

Market Data
Market Cap 848872681
Total Volume 13942193
Market Cap Change 24h 22587484
Market Cap Change % 24h 2.73362 %
Return on Investment (ROI) 17068.880611483 %

Supply and Availability
Circulating Supply 1876594759.7349
Total Supply 10000000000
Max Supply 10000000000

Historical Data
All Time High (ATH) 2.92
ATH Change % -84.50901 %
ATH Date 2021-12-27 02:08
All Time Low (ATL) 0.00314376
ATL Change % 14269.98752 %
ATL Date 2019-05-10 00:00