What is Polygon (MATIC)?

The Polygon Network offers a solution to Ethereum's scaling problems that enables faster and cheaper transactions. To do this, Polygon uses "sidechains" (layer 2). The changes are then written to the main chain. This allows developers and users to move their DApps and smart contracts out to the Polygon network, bypassing Ethereum's scaling issues. MATIC, Polygon's native token, is an token that runs on the Ethereum blockchain. The tokens are used for payment services on Polygon.
Thumbnail
MATIC
No value0% last 7 days
3
Cryptohunt's Opinion

Our take on Polygon

Due to Ethereum's high gas fees and long block confirmation time, there is a need for a solution that makes DApps faster and decrease the gas fees. The Polygon network and the associated Ethereum token MATIC together form a scaling solution that aims to solve several of the Ethereum's problems. Compared to Ethereum, Polygon allows significantly more transactions per second, has lower gas fees, and has already over 50 DApps.
#1
#2
#3
#4
#5
#6

How do you feel about Polygon?

Get up to speed on Polygon in less than 5 mins.

Complete these tasks to become a cryptohunt certified expert.
What makes Polygon special?
Polygon is a powered by, uses to validate transactions, and is. Polygon also supports.

Interesting facts about Polygon

Here are some facts you may not already know about Polygon. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
#1

Polygon transforms Ethereum into a multi-chain system like Polkadot or Cosmos.

#2

Polygon was previously called Matic Network.

#3

Polygon may solve Ethereum's scaling problem.

Polygon reviews from the cryptohunt community

Dive deeper into the different opinions about Polygon and learn how others feels about it.
Polygon
Positive review
Review author avatar
0xBrettH
2 mo. ago

What's really cool about Polygon is that they provide a set of different scaling solutions for Ethereum so that developers can pick and choose what they want to include in terms of security and transaction speed.

0
0
0
Polygon
Positive review
Review author avatar
Arndt
2 mo. ago

At first, I didn't get it. They do such a bad job of explaining what this thing does. But it's pretty genius actually - sidestep Ethereum with all of its problems while maintaining compatibility. It really clicked for me when I saw that OpenSea (the NFT marketplace) allows you to mint NFTs on Polygon - which means very low transaction fees, but I can still move my art into Ethereum if (for some insane reason) it becomes valuable in 2029.

1
0
0

Polygon price and insights

See how much Polygon is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 3 community reviews
0% feel totally fine about Polygon today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
69,860
3% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Polygon, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
-
# Active Discord members
-
# Telegram members
69,860
# Active Telegram members
2,045

Join the conversation 💬

Log in or sign up to leave a comment