Formerly known as Matic Network, it was founded in 2017 with the aim of solving problems of slowness and high cost of transactions on Ethereum
#MATIC is the native token of Polygon, a platform that makes cryptocurrency transactions faster and cheaper. Polygon helps improve the efficiency of operations on the Ethereum blockchain, reducing transaction costs and time.
The MATIC token is highly volatile, with its price able to vary significantly over short periods. Volatility is influenced by internal factors, such as adoption and updates of the Polygon network, and external factors, such as changes in the crypto market, global economic events, and investor sentiment. High liquidity on major exchanges also contributes to this volatility
The current price of MATIC in USD is $0.7317. This value represents an increase of 0.87% in the last 24 hours.
MATIC reached its all-time high of $2.92 on May 18, 2023. At the moment, the price is 79.47% below this peak value.