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Polygon
# Name Chain Market Cap Price 24h % Volume (24h) UAW TVL 7d Chart
701
T
+1
702 +59
703 +12
704
705 +2
706 +1
707
708 Ξ3.569
709 +8
710 +3
711
712
713
714
715
716
717
718
719
T
720 Ξ0.0000096
721
722
723
724
725
726
727
728
729
730 Ξ0.0110132
731
732 +2
733
734 +6
735
V
736 +5
737 +1
738
739 +2
740
741
742
V
743 +8
744
745
746
747
W
+8
748 +1
749
W
750

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.