MATIC is the Ethereum token that powers the Polygon network. Polygon is a layer 2 solution, which means it is a piece of software that sits atop blockchains (known as layer 1s). Polygon currently works on top of the Ethereum blockchain. There are 10 billion total possible MATIC coins, and as of December 2021, 7.16 billion of them are in circulation. The rest will be minted by stakers users who deposit their MATIC tokens into a staking smart contract in order to become validators. Polygon is a proof-of-stake network that randomly selects stakers to validate new transaction data.

$1.09  -0.02 (-1.50%)
As of 02/01/2023 08:17:00 EST

Cryptocurrency Information
Category1:  Cryptocurrency
Category2:  ERC20 tokens
Category3:  Ethereum
Inception date:     04/29/2019
Max market cap:     $10,872,000,000
Max outstanding coins:  10,000,000,000

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