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Polygon
# Name Chain Market Cap Price 24h % Volume (24h) UAW TVL 7d Chart
651
652
653
654
655
656 +7
657
658 +81
659
660
661
662 +16
663
664
665
666
667
S
+1
668
S
669
670 +10
671
672
673
674
675
676
677
678
S
679
S
680
S
681
682
683
684
685 +1
686
687
688 +11
689
690
691 +5
692
693 +1
694
695
696
697
698
699
S
+2
700 +9

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.