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Polygon
# Name Chain Market Cap Price 24h % Volume (24h) UAW TVL 7d Chart
201
202
203 +2
204
205
206
207 +1
208 +13
209
210
211 +16
212 +5
213
214
215
216
217
218
D
219 +5
220 +3
221
222
D
223
224
225
226
227
228
229 +13
230 +7
231
232 +4
233 +7
234
235
D
236
D
237
238
239
240
241
242
D
243
D
+1
244
245
246 +7
247
248
D
249
D
+17
250
D
+3

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.