MATIC/ETH: Convert and Swap Polygon (MATIC) to Ethereum (ETH)
1 Polygon equals 0.000193 Ethereum
Last update: 1:43 AM, May 22, 2024
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The current MATIC to ETH conversion rate is 0. Inversely, this means that if you convert 1 ETH you will get 5,192.31 MATIC.
The conversion rate of MATIC/ETH has increased by 0.01% in the last hour and shrunk by 5% in the last 24 hours.
Overview
About Polygon (MATIC)
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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About Ethereum (ETH)
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.
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Market
Ethereum (ETH)
£357.26B