Best Polygon (MATIC) Prices
- NexoPrice$0.921224h change1.05%
- CoinbasePrice$0.923724h change1.04%
- EarnParkPrice$0.913224h change-0.18%
- YouHodlerPrice$0.923624h change1.02%
- KrakenPrice$0.923324h change1.01%
- OKXPrice$0.92324h change1.02%
Latest Polygon (MATIC) interest rates
Polygon (MATIC) lending rates
- NexoInterest rateUp to 7% APYLast updatedApril 2, 2024
- Yield AppInterest rateUp to 4.75% APYLast updatedApril 2, 2024
- WirexInterest rateUp to 4.5% APYLast updatedApril 2, 2024
Polygon (MATIC) borrowing rates
- YouHodlerInterest rateFrom 36.5% APRLast updatedApril 2, 2024
About Polygon (MATIC)
Polygon, also known as MATIC, is a developer-first hybrid POS+Plasma sidechain built on top of Ethereum. Its main purpose is to enable Ethereum developers to scale their decentralized applications (DApps) for large-scale usage. With secure, scalable, and instant transactions secured by Ethereum, Matic is quickly becoming the preferred Layer 2 Solution for developers. Over 70 DApps are already building on Matic, including DeFi Protocols, games, and prediction markets.
Key strengths and features of Matic include L2 transactions secured by Plasma, zero-effort deployment for existing Ethereum programmers, extremely low-cost transactions, high throughput, fast confirmation times (1-2 seconds), and exponential adoption with more than 60 DApps already on the platform. It serves as an ideal solution for DeFi projects looking to overcome Ethereum's performance bottlenecks. Developers can deploy their existing Ethereum DApps on Matic in less than 15 minutes, making it a convenient and efficient scaling solution.
For those interested in exploring Matic further, documentation is available on their website. Additionally, links to their GitHub repository, whitepaper, and social media accounts can be found on their website. With its focus on scalability, security, and ease of use, Matic offers a promising solution for Ethereum developers looking to expand the capabilities of their DApps.
How does Polygon work?
Polygon (MATIC) is a layer 2 scaling solution for Ethereum that aims to improve scalability and reduce transaction costs on the network. It operates as a decentralized platform that enables peer-to-peer transactions through its underlying blockchain technology. Polygon utilizes a Proof of Stake (PoS) consensus mechanism to validate transactions and secure the network. One of its unique features is its ability to support multiple sidechains, allowing for faster and more efficient transactions. This makes it an attractive option for developers looking to build decentralized applications (dApps) and decentralized finance (DeFi) projects. Polygon's versatility and interoperability with Ethereum make it a valuable tool for various industries, including gaming, NFTs, and supply chain management, offering a seamless and cost-effective solution for conducting transactions and executing smart contracts. Its decentralized nature and efficient scaling capabilities set it apart from traditional financial systems, providing a more inclusive and accessible platform for users worldwide.
How to keep your Polygon (MATIC) safe?
To keep your Polygon (MATIC) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets provide an extra layer of protection by storing your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Nexo, EarnPark, and Coinbase offer secure storage options and advanced security features to keep your MATIC safe from potential threats. By utilizing these tools and platforms, you can ensure the safety of your cryptocurrency investments and have peace of mind knowing that your assets are well-protected.
Sentiment about Polygon (MATIC)
Polygon (MATIC) currently has a market rank of 19 with a market cap of $9,400,246,714.73 and a price of $0.95. The asset has seen a 5.03% decrease in price over the past 24 hours and a 9.45% decrease over the last 7 days. The social sentiment surrounding MATIC is positive, with a social impact score of 47 and a high percentage of bullish tweets at 0.00%. This indicates a strong bullish sentiment among social media users, potentially signaling a positive market outlook for Polygon.
Additionally, the asset has a high social score, which is a sum of followers, retweets, likes, Reddit karma, and other social engagement metrics. The correlation rank for MATIC is also favorable, indicating a strong correlation between its social metrics and price trends. With a solid social signal and positive market indicators, Polygon (MATIC) may be poised for potential growth in the near future.
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Polygon (MATIC) News
March 8, 2024Polygon deploys Chain Development Kit to simplify L2 network creation
March 8, 2024Polygon deploys POL contracts on Ethereum mainnet
November 22, 2023Polygon Developers Propose Hard Fork To Address Chain Reorganizations And Gas Spikes
