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Polygon
# Name Chain Market Cap Price 24h % Volume (24h) UAW TVL 7d Chart
101
102
103 €1.82k
104
105
106 +5
107
108
109
110
111
112
113
114
115
116
117
118
119
120 +10
121
122
123
124
125
126
127
128 €8.66k
129
130
131 €0.023292
132
133
134 €27
135
136 +1
137
138
139
140
141
Y
142
143 +2
144 €831

About Polygon

Polygon (formerly known as Matic Network) is a blockchain platform aimed at creating a multi-chain blockchain system compatible with Ethereum. It utilizes a proof-of-stake consensus mechanism for on-chain transactions, similar to Ethereum. The native token of Polygon is MATIC. Polygon serves as a “layer two” or “sidechain” scaling solution running alongside the Ethereum blockchain, which facilitates faster transactions and lower fees. It was established to address some of the major challenges faced by Ethereum, such as high fees, poor user experience, and low transaction throughput, with an ambition to create an “Ethereum’s internet of blockchains” or a multi-chain ecosystem of Ethereum-compatible blockchains.