Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness.
Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
Where is Polygon available for purchase?
You can exchange MATIC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Polygon is Coinbase Exchange, notably the MATIC/USD pair, which saw a trading volume of $ 1,13 MLN. in the past day. Additionally, QMall and Uniswap V3 (Ethereum) are popular alternatives for trading tokens.
What is the highest value Polygon (MATIC) has ever reached?
Polygon (MATIC) reached its peak price at 2.92 $ on 27 December 2021, approximately 4 years ago ago. Presently, the current price is -91.38% lower than this all-time high.
What is the historical minimum price for Polygon (MATIC)?
The minimum price reached for Polygon (MATIC) was 0.003143 $, documented on 10 May 2019, more than 6 years ago. In comparison, the current price is 7,900.54%, it above this historical low.
What is the fully diluted valuation of Polygon (MATIC)?
The fully diluted valuation (FDV) of Polygon (MATIC) stands at $ 2,36 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 10,000,000,000 MATIC tokens. The realization of this FDV might take several years depending on the emission schedule of MATIC tokens.
How to add Polygon (MATIC) to MetaMask?
By integrating Polygon (MATIC) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import MATIC as a token. You can either manually import MATIC by copying its contract address (0xcc42724c6683b7e57334c4e856f4c9965ed682bd) or use MetaMask's Chrome extension to add MATIC with a single click through P.CASH.
How to add Polygon (MATIC) to TrustWallet?
Incorporating Polygon (MATIC) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include MATIC, you can either manually import it using the contract address (0xcc42724c6683b7e57334c4e856f4c9965ed682bd) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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