Polygon Price

$0.2557 -6.003%

Market cap$2,683,103,605.39

Volume (24h)$89,708,026.33

Highest price (24h)$0.2754

Circulating supply10,496,230,792.905 POL

About

What is Polygon

Polygon (formerly known as the Matic Network) has become one of the most widely used scaling solutions for Ethereum. However, the Polygon price history has seen impressive ups and dramatic downs, but what makes it stand out?

Polygon (now POL) aims to solve Ethereum’s biggest challenges: scalability, high transaction fees, and slow confirmation times. Unlike so-called “Ethereum killers” that try to replace Ethereum entirely, Polygon enhances it.

This increases Polygon worth – by remaining interoperable with Ethereum, Polygon makes decentralized app (dApp) development faster, cheaper, and more efficient – while still tapping into the security and ecosystem of the second-largest blockchain.

Keep in mind, Polygon is its own crypto with the token MATIC, and the current Polygon price does not necessarily reflect Ethereum’s price.

What can move MATIC (now POL) price?

Even though Polygon is a separate crypto, the MATIC price is influenced by broader crypto market trends. For example, MATIC often reacts to major moves in Bitcoin or Ethereum.

Try using this Polygon price tracker to compare the price of Polygon with the price of other cryptos, like Ethereum. You may find many similarities between the two: for example, Polygon spiking just days or weeks after similar spikes for Ethereum.

But MATIC also brings unique value: it’s designed for developers. Polygon is more than just a token – it’s a platform for building scalable blockchains and dApps. Rising demand for dApps, NFT marketplaces, gaming projects, and DeFi platforms built on Polygon can all contribute to grow the Polygon’s price.

Tracking the Polygon price

At Paybis, we like to keep things simple, so we built this tool as an intuitive way to track the live Polygon price. We'll just note a few things you don't want to miss:

By default, this tool shows the Polygon price today. To view Polygon price history, click on the dropdown menu;
Click anywhere on the Polygon price chart for a more detailed breakdown: you'll see what the exact price was at any given moment;
You can view the Polygon price in USD and dozens of other local currencies – click the dropdown menu and pick the one you're most familiar with;
Finally, we offer a number of other Polygon tools, such as a convenient Polygon calculator and a dedicated Polygon to USD converter!

Possible uses of Polygon

Polygon is much more than just a token you can trade. Here are some common uses:

dApp development – Polygon is a preferred platform for developers building scalable solutions.
Staking – You can stake your MATIC (rebranded to POL) to help secure the network and earn passive rewards.
HODLing – Buy Polygon, store it safely, and wait for potential long-term Polygon value growth.

At Paybis, we make it simple: buy your Polygon quickly, store it in a secure wallet, and track your holdings with ease.

Understanding the Polygon price today

When considering any crypto purchases, remember the first rule of crypto: do your own research. We hope that this page serves as a useful starting point, and there are plenty of other resources to help you.

Of course, any purchases should also fit your investment strategy. You may decide to invest at a certain price point – or you may adopt a long term view, so the exact Polygon price now may not be that important.

However you invest, Paybis is always at your side, offering clear and reliable MATIC price data, secure wallets and the easiest way to buy Polygon! Scroll back up to get started!

FAQ

Why did the name change from Matic to Polygon?

The rebrand reflected a bigger vision. Originally, Matic focused only on Ethereum sidechains. Polygon now offers a full ecosystem of scaling solutions, including zk-rollups, optimistic rollups, and other modular tools for Web3 development.

Is MATIC still the token of Polygon?

Yes, however, with the rebrand in 2024, MATIC is now POL. The token continues to be used for transactions, staking, and governance.

How does Polygon compare to Ethereum?

Polygon isn’t trying to replace Ethereum, rather, it complements it. By handling transactions off-chain or on sidechains, Polygon reduces costs and speeds up processing, while still connecting back to Ethereum’s security.