Polygon Price

Track Polygon Price Today, Live MATIC Price Chart & Market Cap

On September 4, 2024, the transition from MATIC to POL began. The conversion rate between the two tokens is set at 1:1. POL will initially replace MATIC as the native token of Polygon PoS, and eventually serve as the native token for AggLayer, a blockchain system designed to unify ZK-secured Layer 1 and Layer 2 chains. Read more ?

Loading...

FROM MATIC
TO USD

Polygon Price Live Data

24H Range
$?0.375052
24H Range
$?0.378016
52W Range
$?0.340224
52W Range
$?1.28328
ATH & ATL Range
$?0.003049
ATH & ATL
$?2.91
Polygon Price$?0.376748
Market Cap$?1.72B
Diluted Market Cap $?3.77B
24H Volume$?179.11M
Vol. / M. Cap Ratio 0.1041
Dominance 0.09%
ATH $?2.91 (-87%)
ATH Date Dec 27, 2021
ATL $?0.003049
ATL Date May 9, 2019
Cycle Low $?0.322074
Cycle High $?1.55935
Circ. Supply 4.56B (46%)
Total Supply 10.00B
Max Supply 10.00B
Supply Inflation -42.99% (Low)
Volatility 12.10% (Very High)
PlatformETH
Release Date Apr 25, 2019
Fear & Greed Index 33 (Fear)
Sentiment Bearish
Show more ↓

Polygon price today is $?0.376748 with a 24-hour trading volume of $?179.11M, market cap of $?1.72B, and market dominance of 0.09%. The MATIC price decreased -0.16% in the last 24 hours.

Polygon reached its highest price on Dec 27, 2021 when it was trading at its all-time high of $?2.91, while Polygon's lowest price was recorded on May 9, 2019 when it was trading at its all-time low of $?0.003049. The lowest price since it's ATH was $?0.322074 (cycle low). The highest MATIC price since the last cycle low was $?1.55935 (cycle high). The Polygon price prediction sentiment is currently bearish, while Fear & Greed Index is showing 33 (Fear).

Polygon's current circulating supply is 4.56B MATIC out of max supply of 10.00B MATIC. The current yearly supply inflation rate is -42.99% meaning -3.44B MATIC were created in the last year. In terms of market cap, Polygon is currently ranked #9 in the Proof-of-Stake Coins sector, ranked #15 in the Ethereum (ERC20) Tokens sector and ranked #5 in the Layer 2 sector.

Highlights

  • Positive performance compared to
  • in the last 30 days (53%)
  • Has liquidity based on its market cap
  • Trading on KuCoin
  • Yearly inflation rate is

Risk Analysis

  • Price dropped over the past year, down -25%
  • Outperformed by 93% of the in 1 year
  • Outperformed by and
  • Trading below the
  • Down -87% from all-time high
See All Risk Checks

Polygon Token Sale

Initial Price $?0.00263
Start DateApr 24, 2019
End DateApr 24, 2019
ROI [USD]143.25x
ROI [BTC]13.92x
ROI [ETH]10.26x
TypeIEO
LaunchpadBinance
More InfoPolygon IEO

The price of Polygon in the IEO was $?0.00263 and the token sale ended on Apr 24, 2019. Since then, MATIC price increased 143.25x against US Dollar, increased 10.26x against Ethereum and increased 13.92x against Bitcoin. To learn more about Polygon IEO click here.

Polygon Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
PolygonUS Dollar MATIC/USD 0.05%-0.16%-7.75%-9.97%-42.99%-68.85%-62.31%-24.88%-72.19%2,799%6,374%
PolygonBitcoin MATIC/BTC -0.50%-0.66%-6.46%-4.85%-30.21%-61.00%-71.89%-66.90%-77.76%424.71%492.77%
PolygonEthereum MATIC/ETH -0.64%-0.12%-3.73%0.45%-11.49%-48.49%-62.84%-49.97%-60.58%121.94%323.79%
PolygonTether MATIC/USDT 0.05%-0.16%-7.75%-9.97%-42.99%-68.85%-62.31%-24.88%-72.19%2,799%6,374%

Polygon price in US Dollar has decreased by -9.97% in the last 1 month. MATIC is up 0.45% against Ethereum and down -4.85% against Bitcoin in the last 1 month.

Polygon Quarterly Returns

YearQ1Q2Q3Q4Total
2019--305.48%-50.75%26.62%152.84%
2020-19.60%72.43%6.01%-12.63%28.41%
20211,949%223.69%-3.53%124.31%14.25K%
2022-35.90%-70.29%61.82%-2.56%-69.98%
202347.56%-40.72%-19.53%82.66%28.58%
20243.06%-44.23%------
Average 388.80%74.39%-1.20%43.68%2,878%

The top-performing year for Polygon was 2021 when the price of MATIC increased by 14,251.58% from $?0.017592 to $?2.52. The worst performing year for Polygon was 2022 when the price dropped by -69.98% from $?2.52 to $?0.758062. The average yearly growth of Polygon over the last 6 years is 2,878.29% per year. Usually, Polygon performs best in Q1 with an average of 388.80% gain and worst in Q3 with -1.20% loss.

Polygon Price Closing History by Level

PriceDays Above% of Polygon's Life
$?2.91 ATH--
$?2.00542.75%
$?1.90663.36%
$?1.80824.18%
$?1.70984.99%
$?1.601457.39%
$?0.376748 Price Now124763.53%
$?0.33127665.00%
$?0.28128165.26%
$?0.23128265.31%
$?0.18129265.82%
$?0.17129365.87%

The table above shows the number of days which Polygon closed above a certain price level.

Polygon Price & ROI on this Date

DatePriceROI
Sep 10, 2024 Today$?0.376748-
Sep 10, 2023$?0.541429-30.42%
Sep 10, 2022$?0.891895-57.76%
Sep 10, 2021$?1.367557-72.45%
Sep 10, 2020$?0.0200141,782.40%
Sep 10, 2019$?0.0141052,571.03%

The table above shows the price and ROI of Polygon today and previous years on the same date (Sep 10).

MATIC Exchanges

Polygon is being traded on 102 cryptocurrency exchanges, including Binance and KuCoin. $?179.11M worth of Polygon changed hands in the last 24 hours. If you wish to purchase MATIC, check our guide on how to buy Polygon in 6 steps.

ExchangePrice Volume Action
Binance$?0.379528$?24.73M$?0.379528$?24.73M Trade Now
KuCoin$?0.00$?0.00$?0.00$?0.00 Trade Now
Kraken$?0.382216$?335,817$?0.382216$?335,817 Trade Now
Bybit$?0.00$?0.00$?0.00$?0.00 Trade Now
OKX$?0.366599$?942.70$?0.366599$?942.70 Trade Now
gate.io$?0.383544$?102.37$?0.383544$?102.37 Trade Now
Binance Futures$?0.00$?0.00$?0.00$?0.00 Trade Now
PrimeXBT$?0.00$?0.00$?0.00$?0.00 Trade Now
MEXC$?0.00$?0.00$?0.00$?0.00 Trade Now
UPbit$?0.405387$?6.09M$?0.405387$?6.09M Trade Now

About Polygon

Polygon is a blockchain project that’s tackling the area of blockchain scalability—in other words, it is working on solutions to help users access faster and cheaper blockchain transactions while still maintaining a high level of security. 

Polygon, which was formerly known as Matic Network, was founded in 2017. The project held a token sale for their MATIC token on the Binance Launchpad IEO platform in April of 2019, in which they successfully raised around $5 million. In February 2021, the project announced a rebrand from Matic Network to Polygon, but decided to keep the MATIC name for their token.

Here’s a quick summary of some of Polygon’s most important features:

  • Launched in 2017 under the name Matic Network, rebranded to Polygon in 2021
  • The project is building a suite of scalability solutions focused on the Ethereum ecosystem
  • Polygon’s most popular solution is the Polygon PoS network
  • Polygon PoS offers compatibility with Ethereum while keeping transaction costs low

You can find up-to-date prices, MATIC price charts and historical data for the Polygon cryptocurrency on CoinCodex.

What is Polygon and how does it work?

We’ll be focusing on the Polygon PoS network, as it’s by far the project’s most popular offering. The Polygon network can handle up to 7,000 transactions per second—a big step-up from Ethereum’s throughput, which tops out in the low double digits. The Polygon platform also offers full compatibility with the Ethereum Virtual Machine (EVM), which makes it easy for Ethereum developers to port their applications over to Polygon. 

The Polygon network uses the Ethereum mainnet as its settlement layer. Polygon submits “checkpoints” to the Ethereum mainnet approximately every 30 minutes. Polygon validators earn rewards in exchange for securing the network, validating blocks and submitting checkpoints to Ethereum. Users can participate in Polygon staking either as a validator or as a delegator. 

Users can transfer their token from the Ethereum mainnet to Polygon and vice versa through “bridges”. The network currently offers a Proof-of-Stake bridge and a Plasma bridge. The PoS bridge is more convenient, but the Plasma bridge offers more security guarantees. 

A number of leading decentralized applications and protocols from the Ethereum blockchain have also launched on Polygon to provide their users a cheaper and faster alternative. Some examples include:

The most popular decentralized application that was originally launched on Polygon is QuickSwap, a decentralized exchange that started as a fork of Uniswap.

Polygon price history

The Polygon crypto price began seeing immense growth in 2021, when congestion and very high transaction fees on Ethereum made it clear that scaling solutions are necessary. With the token rallying throughout the year, the MATIC crypto reached its all-time high in December 2021 at just under $3. 

Let’s go through some of the biggest price milestones that the MATIC price has seen since its launch in 2019.

  • $0.0026 - The price at which MATIC was sold during its token sale on Binance Launchpad
  • $0.01 - The price of MATIC reached $0.0100 for the first time in May 2019
  • $0.05 - The MATIC coin price hit $0.05 for the first time in February 2021
  • $0.10 - The first time that the MATIC/USDT price reached $0.10 was in February 2021
  • $0.50 - MATIC reached $0.50 for the first time in March 2021
  • $1 - MATIC hit the $1 milestone for the first time ever in May 2021
  • $1.50 - The MATIC price reached $1.50 for the first time in May 2021
  • $2 - MATIC value reached $2 for the first time in May 2021

The Polygon market cap reached its peak in December 2021, when the MATIC token had a valuation of almost $20 billion. While this peak was followed by a steep correction, MATIC has established itself as an important asset in the cryptocurrency market. 

Polygon supply

The MATIC max supply is set at 10 billion tokens. 12% of the MATIC supply (1.2 billion tokens) is allocated for staking rewards to incentivize validators to maintain the security of the network. As these tokens are rewarded to validators, the circulating supply of MATIC will continue growing until it reaches the 10 billion mark.

Here is the planned distribution of the MATIC supply:

  • Ecosystem: 23.33%
  • Foundation: 21.86%
  • Binance Launchpad token sale: 19%
  • Team: 16%
  • Staking rewards: 12%
  • Advisors: 4%
  • Seed investors: 2.09%
  • Early supporters: 1.71%

The most important Polygon milestones

The Polygon project has seen significant growth thanks to the scalability issues facing the Ethereum blockchain, becoming one of the leading players when it comes to Ethereum-compatible layer 2 solutions. Let’s quickly take a look at some of the most notable milestones accomplished by Polygon:

  • April 2019 - Matic Network holds its token sale on Binance Launchpad
  • February 2021 - Matic Network rebrands to Polygon
  • June 2021 - The Total Value Locked (TVL) of the Polygon blockchain hits $10 billion for the first time
  • July 2021 - Polygon launches Polygon Studios to invest in blockchain gaming and NFT use cases
  • July 2022 - Polygon announces the Polygon zkEVM scaling solution

The Polygon project is building a variety of blockchain platforms

When we talk about Polygon, we typically mean the Proof-of-Stake blockchain that uses MATIC as its native asset. However, it’s important to mention that the Polygon project is also working on other solutions that address the issue of blockchain scalability. Here’s the current lineup of Polygon’s solutions:

  • Polygon PoS - Proof-of-Stake network that’s compatible with Ethereum
  • Polygon zkEVM - A zero-knowledge (ZK) rollup layer 2 solution for Ethereum
  • Polygon Avail - A blockchain focused on data availability
  • Polygon Edge - A framework for creating Ethereum-compatible blockchain
  • Polygon Nightfall - A scaling solution that leverages both optimistic and ZK rollups
  • Polygon Miden - A ZK rollup that supports arbitrary smart contracts

FAQ

What is Polygon?

Polygon is a blockchain project that was previously known as Matic Network. The project rebranded to its current name in February of 2021. Their main objective is to create solutions for the various problems that are currently faced by the very popular Ethereum blockchain platform.

The company was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjung, and Mihailo Bjelic.

Even though the project now goes under the name Polygon, the native token is still trading under the MATIC ticker.

How does Polygon work?

Polygon serves as a framework for grouping and connecting blockchain networks that are compatible with Ethereum. The company sees itself as the Ethereum’s 'internet of blockchains', and its main idea is to deal with the scaling issues that are limiting the potential of Ethereum.

The project is tackling this problem in several ways. The first solution is the use of Plasma Chains and Layer 2 scaling which allows the first layer to work faster and not be overwhelmed with transactions. For comparison, the first layer allows about 15 transactions a second, while Layer 2 allows between two and four thousand transactions. Another solution created by Polygon is a Proof-of-Stake Ethereum side-chain that periodically commits checkpoints to the Ethereum mainnet.

What makes Polygon different?

What differentiates Polygon is the fact that it is addressing problems that users are encountering with Ethereum, and providing a more cost-efficient way of transacting with cryptocurrencies and using decentralized applications (DApps).

Why are MATIC tokens valuable?

MATIC tokens are used for staking on the Polygon Proof-of-Stake blockchain. They fulfill a similar role as ETH tokens on the Ethereum blockchain. Users who want to transact on Polygon's Proof-of-Stake distributed ledger, or benefit from staking rewards, need to hold MATIC, and thus provide market demand for the tokens.

Long-term, demand for MATIC could depend on how well Ethereum can scale on Layer 1, the popularity of other Layer 2 solutions, and various macroeconomic factors. 

Is Polygon a good investment?

The fact that Polygon is tightly intertwined with Ethereum makes crypto analysts believe that Polygon is a great short-term investment. When it comes to looking at it from a long-term investment standpoint, it all depends on if the company continues to have fruitful relationship with Ethereum.

Keep in mind, that financial experts always advise investing an amount you are comfortable with losing - an amount that will not cause financial difficulties for you if the value of cryptocurrencies does plummet because of the volatility of the market.

How do I get MATIC tokens?

You can get MATIC tokens by trading for them on cryptocurrency exchanges. In 2021, the token launched on Coinbase, one of the leading crypto exchange platforms in the world today. You can also get MATIC on many other exchanges, for example, Binance.

What is the current price of Polygon tokens?

The price of 1 MATIC token is .

How many Polygon tokens are left?

Currently there are MATIC tokens in circulation, while the maximum supply is .

Are MATIC tokens legal?

Cryptocurrencies are legal in most countries, although some of them do impose restrictions on cryptocurrency trading and investing. You can find out the countries where cryptocurrencies are legal on this link.

Where can you store MATIC tokens?

You can store your coins on a Web3 wallet such as MetaMask.

How can you cash out MATIC tokens?

On cryptocurrency exchanges like Coinbase, you can directly sell your MATIC tokens for fiat currency. If your exchange doesn’t support this option, you can first exchange your MATIC for a more popular cryptocurrency like BTC or ETH and then sell those coins for your local currency.

Is Polygon safe?

According to the community, Polygon is quite safe as they employ standard security measures on their platform. You can never expect any crypto platform to be one hundred percent safe, so our recommendation would be to always do your due diligence before investing into any cryptocurrency.

Polygon News

Download App

Keep track of your holdings and explore over 10,000 cryptocurrencies

CoinCodex iOS AppCoinCodex Android App
CoinCodex All

MATIC
Polygon
$?0.376748
-0.16% Last 24h
Alternative