Polygon (MATIC)

CryptoPolygon (MATIC)

Polygon has a price of $ 0.509633 with a marketcap of $ 4.15 B. It ranks number 19 of all cryptocurrencies.

Polygon, formerly known as Matic Network, is a Layer 2 scaling solution backed by Coinbase and Binance that aims to provide a generalized Layer 2 platform, enabling Ethereum developers to scale their DApps for large-scale usage. For the initial phase, Polygon has launched its hybrid PoS+Plasma sidechain on top of Ethereum.

Polygon believes the answer to enabling worldwide adoption of blockchain technology lies with second-layer solutions focused on scalability. Polygon provides massive scaling capabilities whilst leveraging the security and decentralization of the mainchain.

As a general-purpose platform, Polygon is capable of housing a limitless array of DApp types on their infrastructure. Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain. DApps on Polygon encompass a variety of niches ranging from gaming to DeFi, with notable projects including VR metaverse projects Decentraland, Somnium Space, The Sandbox, and Whitelabel betting platform BetProtocol.

$ 0.509633

Socials Matic Network

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