This asset is not available for trading on Rain.

About Polygon

Polygon, previously known as Matic Network, is a Layer 2 scaling solution for Ethereum. This means it aims to increase the Ethereum network's throughput by processing transactions off the Ethereum blockchain, then recording the batched transactions on-chain. Polygon provides a flexible yet secure way to develop and connect Ethereum-compatible blockchain networks, while the project’s native ERC-20 token, MATIC, has various uses in the project's ecosystem.

Market stats

0.000
kwd
Market cap
391.1k
kwd
+144.94%
Volume (24h)
0.000
matic
∞
Circulating Supply
673.6M
kwd
Fully diluted market cap
+0.95%
Price change (1H)
+2.78%
Price change (24h)
+1.73%
Price change (7d)
#876
Popularity

Frequently asked questions

What is Polygon's main goal in the cryptocurrency industry?

Polygon aims to provide a scalable and secure platform for Ethereum users by offering solutions to challenges faced by the Ethereum network, including high gas fees and slow transactions. With Polygon, users can enjoy faster and more affordable transactions while benefiting from the security of the Ethereum network.

How does Polygon achieve scalability for the Ethereum network?

Polygon achieves scalability for the Ethereum network by utilizing a Layer 2 scaling solution that aims to enhance the network's capabilities. By implementing technologies like side chains and Plasma, Polygon helps increase the throughput of the Ethereum network, enabling it to process more transactions efficiently.

What benefits does Polygon offer to users looking to interact with decentralized applications (dApps)?

Polygon provides users with a seamless experience when interacting with decentralized applications (dApps) by offering faster transaction speeds and significantly lower fees compared to the Ethereum mainnet. This allows users to engage with various dApps without worrying about high costs or lengthy confirmation times.

How does Polygon enhance the usability of the Ethereum network?

Polygon enhances the usability of the Ethereum network by providing a more user-friendly and cost-effective environment for users and developers. By addressing issues like transaction speed and fees, Polygon makes it easier for individuals and companies to build and interact with decentralized applications, thereby promoting the growth and adoption of blockchain technology.

What is a Polygon wallet?

A Polygon wallet is where you can securely store Polygon. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.

What is a Polygon address?

A Polygon address is a string of unique characters that is tied to your Polygon wallet. The address functions just like a bank account number and it is what you use in order to send Polygon from your wallet, or to receive Polygon to your wallet.

What are the most popular cryptocurrencies besides Polygon?

Besides Polygon, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.

What will the price of Polygon be in next 5 years?

Price predictions for Polygon over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.

Is trading Polygon taxable?

Trading Polygon may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.

When will Polygon be available on Rain?

We’re always working to expand our listed assets. While we can not provide a specific listing date for Polygon just yet, stay tuned for updates by following us on our official social channels like X.

What is the market cap of Polygon?

With a market capitalization of 0.000, Polygon is ranked 876 among other crypto assets.

What is the 24-hour trading volume of Polygon?

The trading activity of Polygon over the last 24 hours was at 391.1k, highlighting its liquidity in the market.

How many Polygon are there in circulation?

There are approximately 0.000 units of Polygon currently in circulation, affecting its market dynamics.

What is the relative popularity of Polygon?

Polygon market cap is around 0.000.