Polygon logo



Trade Polygon today

Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.


Market stats

Market cap


Volume (24h)


Circulating supply


Typical hold time

97 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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.

What is Polygon?

Polygon, previously known as Matic Network, is a platform designed to facilitate the development and scaling of Ethereum-based applications. Polygon is a combination of a sidechain and a Layer-2 solution designed to help scale the Ethereum network and improve its functionality. The protocol aims for faster, cheaper Ethereum transactions using sidechains, blockchains that run like speedy HOV lanes alongside the Ethereum main chain. Polygon's core component is the Polygon Software Development Kit (SDK), a flexible framework that supports the creation of multiple types of applications. The platform transforms Ethereum into a multi-chain system, akin to other systems such as Polkadot, Cosmos, and Avalanche, but with the benefits of Ethereum's ecosystem. The native token of Polygon is MATIC, an ERC-20 token used to pay transaction fees and participate in proof-of-stake consensus.

How does Polygon work?

Polygon combines the Plasma Framework and proof-of-stake blockchain architecture to facilitate the use of cryptocurrencies by resolving scalability issues. The Plasma framework, proposed by Ethereum co-founder Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts. Polygon is designed to process a large number of transactions per second on a single side chain, with a block confirmation time of less than two seconds. This framework gives Polygon the potential to house an unlimited number of decentralized applications on its infrastructure without experiencing the drawbacks common to proof-of-work blockchains. In order to engage in Polygon's network, you will need a multi-chain wallet like Coinbase Wallet. Using Coinbase Wallet, you can browse the Polygon Bridge to exchange Ethereum assets and monitor your balances across different networks. 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.

What are the potential use cases for Polygon?

Polygon is designed to support a variety of use cases. Developers can use Polygon to create optimistic rollup chains, ZK rollup chains, standalone chains, or any other infrastructure required by their applications. This flexibility makes Polygon a suitable platform for a wide range of decentralized applications (DApps), from games to decentralized exchanges. The platform's high transaction speed and low fees also make it an attractive option for applications that require fast and frequent transactions, such as payment systems or real-time trading platforms.

What is the history of Polygon?

Polygon was launched in October 2017 by co-founders Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Before launching its own network in 2019, the Polygon team contributed to the Ethereum ecosystem, working on implementing the Plasma MVP, the WalletConnect protocol, and the widely-used Dagger event notification engine on Ethereum. In July 2023, Jaynti Kanani stepped down as CEO and was replaced by Marc Boiron.

Where can I buy MATIC?

Depending on where you live, you can buy, send, and receive MATIC by creating an account on Coinbase. As MATIC is an ERC-20 token that exists in the same shape and form on both the Ethereum network and Polygons network, it can also be purchased using a variety of decentralized exchanges such as Uniswap and Sushiswap. In addition, you can use the official Polygon Bridge to exchange assets between Ethereum and Polygon.

How do I stake MATIC?

Polygon's sidechain is secured by proof of stake. By staking MATIC, a network of powerful computers secure and validate the network (earning MATIC rewards in the process). Some participants can also "delegate" their MATIC to a validator to receive a portion of their rewards. MATIC can be staked using the official Polygon Wallet (note: Polygon staking is currently unavailable via the Coinbase platform).


BeInCrypto • Dec 07, 23

Polygon (MATIC) Price Must Break Out Above this Key Level to Resume Uptrend

The Polygon (MATIC) price trend is considered bullish unless the $0.85 area rejects the price.The post Polygon (MATIC) Price Must Break Out Above this Key Level to Resume Uptrend appeared first on BeInCrypto.

Read more

News Article Image

CoinDesk • Dec 06, 23

The Protocol: Bitcoin Censorship, or Just 'Spam Filtering?'

In this week's issue of The Protocol newsletter, we're highlight blockchain developers named in CoinDesk's Most Influential list just out, including Blockstream's Lisa Neigut, Polygon's Jordi Baylina, Base's Jesse Pollak and Optimism's Karl Floersch.

Read more

News Article Image

Unchained • Dec 06, 23

Ethereum Virtual Machine Chain Inscriptions Gain Traction, Dominating Polygon Transactions

While Bitcoin inscriptions continue to gain headlines and spur debates, inscriptions on Ethereum Virtual Machine (EVM) chains have gained traction in the past month, particularly on the Polygon network, according to an X thread from Hildobby, a data analyst at crypto-native venture capital firm D...

Read more

News Article Image

The Block • Aug 23, 23

USDC launching on Polygon PoS, Base and Polkadot blockchains

Bringing the number of blockchains to 15, Circle is set to announce the six new protocols it hopes will help boost adoption of USDC.

Read more

News Article Image

BeInCrypto • Jun 26, 23

Will Polygon (MATIC) Rebound Strongly to $1 Following Robinhood's Delisting?

Robinhood is set to end support for MATIC, Cardano (ADA), and Solana (SOL) on June 27, but Polygon on-chain metrics have remained positive. Robinhood is set to end support for MATIC, Cardano (ADA), and Solana (SOL) on June 27, but Polygon on-chain metrics have remained positive.

Read more

News Article Image

The Block • Apr 18, 23

Starbucks brews a new NFT collection on Polygon

Coffee giant Starbucks is launching its second paid NFT collection on Polygon: "The Starbucks First Store Collection."

Read more

News Article Image

Related Assets

People also view

People who viewed Polygon tend to also view the following cryptocurrencies.

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Polygon in market cap.


Some highlights about Polygon on social media

4,512 unique individuals are talking about Polygon and it is ranked #30 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 0 out of 5. Finally, Polygon is becoming less newsworthy, with 1 news articles published about Polygon. This is a 100% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about Polygon. There were 8.8% of tweets with bullish sentiment compared to 5.65% of tweets with a bearish sentiment about Polygon. 85.56% of tweets were neutral about Polygon. These sentiments are based on 6946 tweets.

On Reddit, Polygon was mentioned in 0 Reddit posts and there were 0 comments about Polygon. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush



4,512 people


7,021 posts



Volume rank


News Articles



Coinbase Bytes

Polygon (MATIC)

Silver linings: Warner Music Group is expanding its music NFT offerings.


    WMG announced a partnership with Polygon-based marketplace LGND Music that will enable the music giant to sell songs as NFTs.
    The deal will include Spinnin’ Records, which is home to electronic music names like David Guetta and Tiesto.
    Beyond the collectible appeal, an oft-touted benefit of NFTs for artists is automatic, smart contract-enabled royalty payments every time their work is resold.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Polygon is on the rise this week.

The price of Polygon has risen by 9.85% in the past 7 days. The price increased by 2.96% in the last 24 hours. In just the past hour, the price grew by 0.17%. The current price is $0.85 per MATIC. Polygon is 70.91% below the all time high of $2.92.

The current circulating supply is 9,282,832,680.935 MATIC.


What is the current price of Polygon?

We update our Polygon to USD currency in real-time. Get the live price of Polygon on Coinbase.

What is the market cap of Polygon?

The current market cap of Polygon is $7.87B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Polygon?

The all-time high of Polygon is $2.92. This all-time high is highest price paid for Polygon since it was launched.

What is the 24 hour trading volume of Polygon?

Over the last 24 hours, the trading volume of Polygon is $558.18M.

What other assets are similar to Polygon?

Assets that have a similar market cap to Polygon include Dogecoin, Avalanche, TRON, and many others. To see a full list, see our comparable market cap assets.

How many Polygon are there?

The current circulating supply of Polygon is 9.3 billion.

What is the typical holding time of Polygon?

The median time that Coinbase customers hold Polygon before selling it or sending it to another account or address is 97 days.

What is the relative popularity of Polygon?

Polygon ranks 10 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Polygon?

Currently, 97% of Coinbase users are buying Polygon. In other words, 97% of Coinbase customers have increased their net position in Polygon over the past 24 hours through trading.

Can I buy Polygon on Coinbase?

Yes, Polygon is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Polygon guide.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.