Polygon

The price of Polygon (MATIC) is $0.51433240 today, as of Jul 27 12:27 a.m., with a 24-hour trading volume of $176.61M. Over the last 24 hours, the price has increased by 3.20%. Polygon currently has a circulating supply of 9.28B and a market cap of $4.77B.

Polygon (MATIC) is the native cryptocurrency that powers the Polygon Network, a layer 2 platform created in 2017. Originally called the Matic Network, the Polygon Network allows developers to create and deploy their own blockchains that are compatible with the Ethereum blockchain with a single click, as well as enables other Ethereum-based projects to transfer data and tokens between one another using the MATIC sidechain. Think of it as a smaller blockchain that runs in parallel with the Ethereum blockchain. The price of Polygon’s token, MATIC, has skyrocketed this year.