Polygon Price
Live Polygon Price Chart
MATIC Price Change and Market Cap
Currently, the MATIC price is 0.546991$ and the 24-hour change is 18.25%. The market cap of Polygon today is $5454570522 with a total of 9971951069 MATIC in circulation. In the past 24 hours, the MATIC price peaked at 0.5517$ and the lowest price was 0.4894$.
Polygon Price Prediction
MATIC hit the market in April 2019 after an Initial Exchange Offering on Binance, attracting plenty of attention. In June 2020 mainnet finally went live, though it was not until launching staking in July that the price moved. All in all, 2020 was a volatile but barely profitable year for MATIC holders, as it opened at $0.014 and closed around $0.018. After the rebrand to Polygon Network in February 2021, MATIC earned recognition and reached $2.68 in May 2021. At the very end of 2021, MATIC broke that record, too, and rose to $2.87.
In the MATIC price predictions in a year from now, experts give a very wide range of targets — from $2.84 all the way up to $8. In 2025, different predictions also give targets that have a fivefold difference: from $1.9 to $10.94. By 2030, MATIC will be trading for double-digit prices up to $70.
Polygon Wallets
Still confused about which wallet to pick?
We recommend Trezor, CoolWallet S and Exodus wallet. Each of them has peculiarities and serve different purposes. In all of these wallets, you can store MATIC, monitor live Polygon prices and also exchange it from ChangeHero without leaving the application.
Polygon Exchange
Polygon is an Ethereum layer-two which provides scalability and fast transactions. On ChangeHero you will be able to get a similar experience during the Polygon exchange as your exchange will be processed in a matter of minutes. You can exchange Polygon to other cryptos and vice versa. Choose from the Best Rate and Fixed Rate for your Polygon exchange. You can be sure that your MATIC exchange will be processed super fast at the best possible rates in the market.
How to exchange Polygon
What is Polygon?
Polygon Network is an Ethereum-based interoperability solution for Ethereum-compatible chains. The problem is, even though there are scaling solutions on Ethereum, they cannot communicate with each other properly. This is the challenge Polygon sets out to solve.
To enable faster transactions and lower gas costs, Polygon leverages the Proof-of-Stake consensus algorithm. Ethereum is only used for finality and communication between Polygon chains, and the main bulk of operations happens on Polygon.
Polygon started out as Matic Network, a L2 scaling solution for Ethereum. However, along the way developers realized that there needs not be one single scaling solution. Instead, they set out to incorporate all of them into a single system and make it more approachable for use and development. This is why in 2021 they rebranded to Polygon.
Frequently Asked Questions
What are the fees for Polygon exchange?
We charge a reasonable fee of 0.5% on your MATIC exchange.
Why is Polygon MATIC?
Before the rebranding to Polygon in 2021, the same network was called Matic Network. The team chose to keep the ticker to avoid confusion because there was no migration.
How long does it take to process Polygon exchange?
It takes around 15 minutes to process your MATIC exchange. However, it may vary depending on the blockchain.
Do I need to complete a KYC procedure to exchange Polygon?
You can exchange MATIC without KYC procedures. However, we may ask you to verify your identity if our security system raises an alarm.
Do I need to signup for ChangeHero to exchange Polygon?
You don’t have to worry about registrations on ChangeHero. You can exchange MATIC without an account.
How many blockchain confirmations are needed for MATIC?
We will consider Polygon on the Ethereum network to be received after 40 blockchain confirmations. BEP20 MATIC will be deemed received after 3 confirmations. Native Polygon token(s) will need 3 confirmations as well.
