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About Polygon

Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.

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2/16/2025, 4:27:14 PM

Market Stats

Market Cap

A$982,316,663.07

FDV

A$5,132,850,979.10

Circulating Supply

1,913,783,718 MATIC

Max Supply

10,000,000,000 MATIC

Total Supply

10,000,000,000 MATIC

Hold Time

93 days

Performance

Popularity

#106

Dominance

0.02%

Volume (24H)

A$5,492,175.90

-0.36%

All time high

A$4.61

Additional info about Polygon

Networks and details

The price of Polygon has increased by 0.23% in the last hour and increased by 2.08% in the past 24 hours. Polygon’s price has also risen by 5.07% in the past week. The current price is A$0.52 per MATIC with a 24-hour trading volume of A$5.49M. Currently, Polygon is valued at 88.77% below its all time high of A$4.61. This all-time high was the highest price paid for Polygon since its launch.

The current circulating supply of Polygon is 1,913,783,718 MATIC which means that Polygon has as total market cap of A$982,316,663.07.

Ethereum:
0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0
;
Polygon:
0x0000000000000000000000000000000000001010
;
Solana:
C7NNPWuZCNjZBfW5p6JvGsR8pUdsRpEdP1ZAhnoDwj7h
;
BNB Smart Chain:
0xCC42724C6683B7E57334c4E856f4c9965ED682bD
;
Moonbeam:
0x3405A1bd46B85c5C029483FbECf2F3E611026e45
;
Energi Network:
0x98997e1651919faeacee7b96afbb3dfd96cb6036
;
Polygon zkEVM:
0xa2036f0538221a77A3937F1379699f44945018d0
;
Harmony:
0x301259f392b551ca8c592c9f676fcd2f9a0a84c5
;
Moonriver:
0x682f81e57eaa716504090c3ecba8595fb54561d8
;
Sora:
0x009134d5c7b7fda8863985531f456f89bef5fbd76684a8acdb737b3e451d0877
;

Price history

Today
A$0.52
↗ 1.97%
1 Day
A$0.50
↗ 2.08%
1 Week
A$0.49
↗ 5.07%
1 Month
A$0.78
↘ 32.53%
1 Year
A$1.46
↘ 66.61%

Market details

Performance against other markets
↘ 79.6%
Performance against BTC
↘ 81.55%
Performance against ETH
↘ 64.27%
Performance in the past year
↘ 65.66%

FAQ

Social stats

Popularity in posts

#35

Contributors

2,833

Posts

1,308,566

% About Polygon

0.483%

Hold times

93 days

X (Twitter)

57.09% bullish

Sentiment

4.5 ★

Highlights

2,833 unique individuals are talking about Polygon and it is ranked #35 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polygon has an average sentiment score of 4.5 out of 5. Finally, Polygon is becoming more newsworthy, with 0 news articles published about Polygon. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Polygon. There were 57.09% of tweets with bullish sentiment compared to 2.56% of tweets with a bearish sentiment about Polygon. 40.35% of tweets were neutral about Polygon. These sentiments are based on 6178 tweets.

On Reddit, Polygon was mentioned in 129 Reddit posts and there were 349 comments about Polygon. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Analysis

Bulls say

By market capitalization and users, Polygon is one of the most popular scaling solutions for Ethereum. It caters to diverse use cases and is renowned for its rapid, cost-effective transactions.

Read more

Bears say

Polygon faces considerable competition from other networks aiming to solve similar challenges, which could dilute its presence in the market.

Read more

Guides

Polygon calculator

Coinbase Bytes

Whale street: How big-money institutional investors are preparing for the next bull run

Coinbase Bytes

Nov 08, 2023

Whale street: How big-money institutional investors are preparing for the next bull run

Is Wall Street ready for the next bull run? Major institutional investors have been making moves.
    As crypto markets have risen from their slumber this year, institutional investors from Wall Street, Silicon Valley, and beyond are paying attention. Major firms are increasing their investments in crypto, crypto-oriented venture funds are busy raising and deploying capital, and many of the world’s biggest banks are exploring blockchain-native financial products like tokenized treasuries and loans. 
    Institutions are showing rising enthusiasm for altcoins, with investment in products focused on Polygon ($0.8 million) growing last week.

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