Polygon (MATIC) is a prominent cryptocurrency that functions as a scaling solution for the Ethereum blockchain. It aims to enhance transaction speed and reduce costs while maintaining security. This article provides a detailed look at the current MATIC price, market statistics, historical trends, and essential information for investors and enthusiasts.
Current Polygon (MATIC) Price and Market Data
As of today, the live price of Polygon (MATIC) is $0.18208602. Here’s a snapshot of its recent performance and key market metrics:
- 24-hour Change: -4.95%
- Market Capitalization: $348,473,253
- 24-hour Trading Volume: $1,964,357
- Circulating Supply: 1,913,783,718 MATIC
- Max Supply: 10,000,000,000 MATIC
The token has experienced a decline over the past day but has shown resilience with a 3.72% gain over the past week.
Detailed Price Statistics
- 1-Hour Change: -1.34%
- 7-Day Change: +3.72%
- 30-Day Change: -13.96%
- All-Time High: $3.00 (recorded on December 27, 2021)
- 24-Hour High: $0.192107
- 24-Hour Low: $0.186402
These metrics offer insight into MATIC’s short-term volatility and long-term trends, helping traders make informed decisions.
Historical MATIC Price Performance
Understanding past price movements can provide context for current valuations. Below is a recent historical price summary for MATIC:
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| 04 Jul 25 | $0.1871785819597 | $0.1881168234661 | $0.1859415539945 | $0.1863105643910 | 1,993,519 |
| 03 Jul 25 | $0.1880670125498 | $0.1922899312023 | $0.1857885475494 | $0.1871713409856 | 1,922,647 |
| 02 Jul 25 | $0.1771697337624 | $0.1911845514070 | $0.1754833653044 | $0.1881310200164 | 1,693,170 |
This data illustrates MATIC’s trading ranges and volume trends, highlighting periods of increased market activity.
Global MATIC Exchange Rates
MATIC is traded globally, and its value varies against different fiat currencies. Here are some key exchange rates:
- 1 MATIC to CNY: ¥1.30349577686
- 1 MATIC to EUR: €0.154705763002
- 1 MATIC to GBP: £0.13324874021
- 1 MATIC to INR: ₹15.5272546863
- 1 MATIC to JPY: ¥26.3504561897
- 1 MATIC to USD: $0.182086016017
These conversions help international users assess MATIC’s value in their local currency.
How Polygon Stands Out in the Crypto Space
Polygon distinguishes itself as a Layer-2 scaling solution designed to improve Ethereum’s scalability and usability. It utilizes a customized Plasma framework and Proof-of-Stake (PoS) checkpoints to facilitate faster and cheaper transactions. Each sidechain on Polygon can handle up to 65,536 transactions per block, making it suitable for decentralized applications (dApps) and DeFi protocols.
The project, originally known as the Matic Network, was rebranded to Polygon in 2021. Its technology supports a wide range of Ethereum-based applications, enhancing interoperability and user experience.
Founders of Polygon
Polygon was founded by Sandeep Nailwal, Jaynti Kanani, Anurag Arjun, and Mihailo Bjelic. Their vision was to address scalability issues in the blockchain ecosystem, leading to the development of this innovative platform.
Using Polygon Blockchain Explorers
Users can track on-chain data and transactions on the Polygon network using explorers like Polygonscan and Polygon Explorer. These tools provide transparency and real-time insights into network activity. For advanced analytics and real-time tracking, you can explore more strategies.
Frequently Asked Questions
What is the 24-hour trading volume of Polygon (MATIC)?
Polygon’s 24-hour trading volume is $1,964,357. This metric reflects the total amount of MATIC traded across exchanges in a day, indicating market liquidity and activity.
What is the all-time high price of MATIC?
MATIC reached its all-time high of $3.00 on December 27, 2021. The current price is approximately 93.76% below this peak.
What is the total supply of MATIC tokens?
The total supply of MATIC is capped at 10,000,000,000 tokens. The circulating supply is currently 1,913,783,718 MATIC.
How does Polygon compare to other cryptocurrencies?
While MATIC often influences market trends, it has declined by 4.95% in the last 24 hours. Its performance should be evaluated alongside broader market conditions.
Where can I store MATIC tokens?
MATIC can be stored in any Ethereum-compatible wallet. Many users prefer hardware wallets for security or software wallets for convenience.
What is Polygon’s role in the DeFi ecosystem?
Polygon supports numerous DeFi protocols by offering scalable, low-cost transactions. It enhances Ethereum’s functionality without compromising security.
Conclusion
Polygon (MATIC) remains a key player in the blockchain space, offering scalable solutions and supporting the growing DeFi ecosystem. Its current price, market data, and historical trends provide valuable insights for traders and investors. For those interested in deeper analysis or trading, view real-time tools. As the market evolves, staying informed about MATIC’s performance and developments will be crucial for making strategic decisions.