Polygon MATIC Price: Live Charts & Interest Rates

Price of Polygon (MATIC) Today

As of the latest data, Polygon (MATIC) is currently priced at $0.45 with a market capitalization of $864.06M. The 24-hour trading volume stands at $12.19M, The circulating supply of Polygon is approximately $1.92B. The cryptocurrency has seen a -2.34% decrease in value over the past 24 hours.

Platform	Coin	Price
Coinbase	Polygon (MATIC)	0.3
Luno	Polygon (MATIC)	0.6
Blockchain.com	Polygon (MATIC)	1
LBank	Polygon (MATIC)	0.38
Gate.io	Polygon (MATIC)	0
Gemini	Polygon (MATIC)	0.3

Platform

Coin

Price

0.3

0.6

0.38

0.3

Platform	Coin	Interest rate
Nebeus	Polygon (MATIC)	Up to 13 APY
Kucoin	Polygon (MATIC)	Up to 5 APY

Platform

Coin

Interest rate

Up to 13 APY

Up to 5 APY

Platform	Coin	Staking rewards
MyCointainer	Polygon (MATIC)	Up to 4.65 APY
Kucoin	Polygon (MATIC)	Up to 3.5 APY

Platform

Coin

Staking rewards

Up to 4.65 APY

Up to 3.5 APY

Platform	Coin	Interest rate
Nexo	Polygon (MATIC)	From 0 APR
Nebeus	Polygon (MATIC)	From 10 APR

Platform

Coin

Interest rate

From 0 APR

From 10 APR

Frequently Asked Questions About Polygon (MATIC)

What is Polygon (MATIC)?

Polygon, previously known as Matic Network, is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. It focuses on scalability, offering faster, cheaper transactions on Ethereum. The native token, MATIC, is used for governance, staking, and paying network fees. Stay informed about Polygon's developments, rates, and prices through reliable sources like Bitcompare.

How does Polygon improve Ethereum's scalability?

Polygon enhances Ethereum's scalability by using Layer 2 solutions, such as Plasma and side chains, which offload transaction processing from the main Ethereum chain. This reduces congestion and lowers transaction fees, enabling faster and more efficient transactions. For real-time updates on Polygon's scalability improvements, explore the tools on Bitcompare.

What are the use cases of MATIC tokens?

MATIC tokens have several use cases, including paying transaction fees on the Polygon network, participating in governance decisions, and staking to secure the network. These functionalities make MATIC a vital component of the Polygon ecosystem. Keep track of MATIC's evolving use cases and pricing trends with Bitcompare's comprehensive tools.

How can I buy MATIC in the UAE?

To buy MATIC in the UAE, you can use reputable cryptocurrency exchanges supporting Polygon. Ensure you compare rates, fees, and features on platforms like Bitcompare to find the best options for your needs. Always use secure and trusted exchanges, and regularly check Bitcompare for current rates and market insights.

Is staking MATIC possible?

Yes, staking MATIC is possible and allows you to earn rewards while securing the Polygon network. By delegating your MATIC tokens to validators, you help maintain network integrity. For more details and guidance on staking, utilize Bitcompare's resources to keep up with the latest staking opportunities and updates.

Why should I use Bitcompare for Polygon updates?

Bitcompare is a trusted platform providing real-time price comparisons, sentiment analysis, and the latest news about Polygon and other cryptocurrencies. With tools like email alerts and market insights, Bitcompare ensures you remain well-informed, helping you navigate the dynamic crypto landscape effectively. Bookmark Bitcompare for frequent updates.

Are there any planned upgrades for Polygon?

Polygon consistently seeks to enhance its network with upgrades and improvements. To stay informed about any planned upgrades or developments, use Bitcompare's resources, which offer the latest news and updates. Regular visits to Bitcompare ensure you're aware of the latest advancements and opportunities in the Polygon ecosystem.

Frequently Asked Questions About Polygon (MATIC)