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Polygon logo Polygon (MATIC)

DeFinda Score™

An impartial, objective analysis of Polygon's features to help you compare it with other coins.
Market Cap
9
Development
7
Community
2
Liquidity
7
Search Results
7
Price to ATH
2

MATIC is an ERC-20 token and the governance coin of the Polygon blockchain. Polygon network aims to solve Ethereum's fundamental limitations such as scalability, speed, and compatibility. Polygon claims to have the security of the Ethereum network while providing the very cheap and fast transactions. MATIC is the most successful Ethereum Layer-2 project so far. MATIC's Polygon network has a TVL of over 3 Billion USD.

With a total market cap of over $4.92 billion, Polygon is the No. 14 cryptocurrency by market size. The currency symbol for Polygon is MATIC and it originated in India. There will only ever be 10 billion Polygon tokens issued. So far 9.31 billion tokens (93.2% of the total supply) have been issued.

We found crypto protocols offering up to 137.8% APY on Polygon deposits (5.5% APY CeFi, 137.8% APY DeFi) and loans as low as 6.9% APR against Polygon used as collateral. Check out our Polygon staking yields table and Polygon loan rates table for further details.

Polygon Price History

Simple Chart Advanced Chart

1.8%

7 Days

2.3%

30 Days

29.7%

60 Days

27.6%

1 Year
All Time Low
$0.00314 USD
10 May 2019
4 years and 136 days ago
All Time High
$2.92 USD
27 Dec 2021
1 year and 269 days ago

Will the Price of Polygon Go Up or Down?

The technical price analysis for Polygon below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Polygon.

Polygon User Sentiment

Currently 74% of users are positive about Polygon.

Polygon Reviews

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Polygon YouTube Reviews

Polygon FAQs

APolygon originated from India.
AThe highest price that Polygon ever reached was $2.92 USD. This all time high price occured on 27 Dec 2021.
AThe lowest price that Polygon ever reached was $0.0031438 USD. This all time low price occured on 10 May 2019.
AYes you can find the Polygon Reddit channel at https://reddit.com/r/0xPolygon.
APolygon uses a proof of stake concensus algorithm.
APolygon is part of the Polygon, Moonriver and Injective ecosystems.
AYes, staking is available for Polygon on a number of platforms. For a full list of Polygon staking yields see our list of Polygon staking yields.
AYou can earn up to 137.8% APY by staking your Polygon tokens. Check out our Polygon staking yields table for further details.
ARight now the best staking rates are on DeFiChain with an income rate of up to 137.8% APY.
AThe best CeFi staking rate that we could find for Polygon is on Crypto.com with an income rate of up to 5.5% APY and the best DeFi staking rate is on DeFiChain with an income rate of up to 137.8% APY.
AYou can check the technical indicators for Polygon on the Polygon Price Trend tab. These indicators are based on the analysis of multiple trading signals for Polygon.
AYou can find the cheapest exchange on which to buy Polygon on the Polygon Buy tab.
AAlmost all Polygon loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Polygon flash loans which allow you to borrow uncollateralised Polygon for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Polygon loans on the Polygon Loans tab.
AThe following venture capital firms have invested in Polygon: Binance Labs and Coinbase Ventures.

Polygon Comparisons

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