Polygon - MATIC / USD Chart

About Polygon (MATIC)

Polygon, previously known as MATIC, is an Ethereum network scaling solution project initiated in 2017. Polygon has its own proof-of-stake public blockchain (Polygon PoS) and smart contract platform launched in 2020.

The project's name is changed to from MATIC to Polygon in February 2021, while the network's native currentic MATIC remained the same, and its scope is extended to the metaverse. Polygon purchased the firm Predicate Labs in December 2021, which created the blockchain Mir in order to gain access to a technology known as "zero-knowledge (ZK) rollups," which offloads data from Ethereum to cut fees and speed up the transaction process.

Polygon raised $450 million in February 2022 by selling MATIC tokens to investors led by Sequoia Capital India.

Stripe picked Polygon for cryptocurrency payments in April 2022 because of its "low fees, speed, integration with Ethereum, and interoperability with numerous wallets." Twitter was the first to benefit from the Polygon-powered service.

Polygon (MATIC) Price History



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